With Q1 2025 also at a close and with budgets set for the new financial year, anecdotally many of our key clients and partner in mid market finance transformation market will see demands shift. Macro economic factors are looking at a softening demand in the late stages on 2025 so caution persists. However shorter term business demands, tech advancements in AI and Data Analytics, and push for operational efficiencies are pushing staffing needs.
Drivers for Talent in Finance Technology Transformation
The finance sector is undergoing significant transformation, driven by technological advancements and the need for data-driven decision-making for CFOs. This shift has heightened the demand for professionals who can bridge the gap between traditional financial expertise and modern technological capabilities.
Mid-Market Advisory Firms in the Midwest and Texas
Mid-market advisory firms in regions like the Midwest and Texas are emerging as attractive destinations for such talent. These firms offer professionals opportunities to engage in diverse projects, often providing a more balanced work-life environment compared to larger firms.
Demand for Technology Expertise to Empower CFOs
Chief Financial Officers (CFOs) are increasingly seeking technology experts to enhance data optimization and support strategic decision-making. The integration of advanced data analytics and business intelligence tools enables CFOs to extract valuable insights from complex datasets, facilitating more informed decisions that drive organizational success. We are hearing that the adoption of artificial intelligence (AI) in finance functions is revolutionizing decision-making processes, allowing for real-time insights and predictive analytics.
Trend Towards Mid-Market Advisory Firms
A notable trend is the migration of talent from large advisory firms to mid-market businesses. Professionals are drawn to these firms due to the combination of growth opportunities, equity participation, profit-sharing arrangements, and a healthier work-life balance. This shift allows specialists to engage more deeply with clients, building long-term relationships and delivering tailored solutions. Discussions among finance professionals highlight that while Big Four firms offer extensive resources, mid-tier firms provide unique experiences and opportunities for rapid advancement.
Specialist Demand Amid Workforce Reductions
Despite broader workforce reductions, there remains a strong demand for specialists with accounting and finance backgrounds, particularly Certified Public Accountants (CPAs) proficient in leveraging data for meaningful visualizations. These professionals play a crucial role in transforming raw financial data into actionable insights, aiding CFOs in strategic planning and performance management.
2025 Outlook
The convergence of finance and technology is reshaping the talent landscape, with mid-market advisory firms in the Midwest and Texas positioning themselves as attractive employers for professionals seeking impactful roles in finance technology transformation and whilst short-term there is a strong demand for client needs going into the new financial year with however a note of caution on mid-term and prediction softening in Q4.
Get in touch: mark.nelson@neostalent.com
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