CFOs expect to make a priority of upgrading technology and business processes at their companies, according to a recent survey.

When asked which initiatives their companies were most likely to pursue over the next two years, 53 percent of the 1,400 CFOs surveyed by Robert Half Management Resources cited technology upgrades, while 50 percent specified business process improvements. Further down the priority list were new products or service line extensions (28 percent), geographic expansion (21 percent), and mergers or acquisitions (9 percent).

CFOs at large companies were more likely to invest in such measures. Sixty-two percent of the CFOs at big companies expect to pursue technology upgrades over the next two years, while 65 percent plan business process improvements.

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