Insight & Analysis

Press release: Finance teams in danger of burnout

Published: Apr 2022

14th April 2022 – “The Great Resignation” is significantly impacting finance teams leaving CFOs on the front lines to address the cause of employee burnout.

Newspaper press release

According to a recent survey by the Institute of Finance & Management, accounts receivable teams report feeling more stressed at work than ever before, a factor that likely contributes to high turnover in this key function. Some other key findings include:

  • The factors that lead to employee burnout amongst finance teams
  • Effective strategies to deter burnout from finance professionals
  • Respondents’ quotes from Fortune 100 companies addressing their concerns

Why it matters: For the first time, Gartner is investing their analytics into evaluating the strengths and weaknesses of finance players for finance automation solutions. Gartner is introducing a new related category within the Gartner Magic Quadrant: Integrated Invoice-to-Cash Applications.

HighRadius, a fintech unicorn, is a top leader within this first-time Gartner Magic Quadrant break-out category. The $3.1 billion valued Houston-based unicorn company has been recognized by Gartner for its use of artificial intelligence to support key functions within the office of the CFO. HighRadius’ solutions increase the productivity of accounts receivable (AR) professionals while also easing their workplace stress.

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