digital finance employment survey 2019€¦ · onestream, anaplan, adaptive insights in the epm...

A guide to the salary and hiring trends within the financial ERP, EPM & Analytics market

Digital Finance

Employment Survey 2019

Thank you for downloading our 2019 Digital

Finance Survey. Our research has been compiled

from around 650 respondents as well data from open

vacancies, to provide a quality guide to employment

trends within the financial ERP, EPM & Analytics

markets.

Finance leaders have told us it is harder than ever to

find relevant skills for a new digital era. We hope our

insight will help clients and job seekers make the right

decisions when planning recruitment.

PointView Resources has been part of the financial

ERP, EPM & Analytics community for over 10 years and

has always had an advisory focus on this specialist

market, and a commitment to excellent customer

service. It is what makes us unique and a trusted

recruitment partner for CFO offices across many

industries worldwide.

James PorterManaging PartnerPointView Resources

2

Digital Finance Landscape

CFO’s are hiring for a new set of skills for the modern digital era. Finance has moved from a back-office function to a forward looking strategic partner. As a result, accounting candidates must embrace new skills such as data science and analytics and develop soft skills in influencing and strategic thinking to stay ahead in the labour market.

There are also more vendors in the market

than ever before. When planning a digital

transformation, CFO’s have a wide choice

alongside the traditional vendors such as

Oracle, SAP and IBM. We are seeing increased

demand for candidates to work with

OneStream, Anaplan, Adaptive Insights in

the EPM sector and Netsuite and Workday for

operational ERP systems.

The talent gap within digital finance has never

been wider. Demand for resources far exceeds

supply and available candidates with the right

skills for a new digital era are scarce. Salaries

are steadily increasing.

Although there is uncertainty about Brexit,

employment in the UK and Europe is still at

a historical high which is why recruitment

continues to be the number one headache for

finance executives.

RESPONDENTS THAT EXPECT TO WORK ON DIGITAL FINANCE TRANSFORMATION PROJECTS IN 2019

18%

No projects

69%

1 - 3 projects

13%

More than 3 projects

3

Experienced Sales Managers with a track record of navigating

complex enterprise deals can command premium rewards

Solutions / pre-sales is a viable career option for strong consulting

professionals. The ability to model products to show business value

and deliver excellent demonstrations is highly sought after

Business Development is an excellent entry into technology sales.

High potential individuals with drive and energy are in demand,

particularly candidates with finance understanding.

We are seeing an increased demand from vendors for Customer

Success professionals who can cross sell and increase user adoption

of products to an existing account base.

Point of View: Focus on sales

The technology sector continues to grow, and the digital finance market

is no different. Software vendors, many with investment backing, are

looking for sales talent that can help build a customer base. Here are

some of our observations:

4

PointView Resources provides

specialist resources for the modern

digital age. We have a niche

focus on only financial ERP, EPM

/ CPM and Analytics and deliver

Sales, Consulting and Technical professionals on both a temporary

and permanent basis.

We work across all UK and European

markets and work only with high

quality candidates that converge

functional finance skills with hands-

on experience of the main technology

systems in the market, especially new

disruptive digital platforms

Sales, Consulting and Technical

About PointView Resources

OUR TECHNOLOGY FOCUS:

OneStream Software

Adaptive Insights

Oracle Financials Cloud

Workday Financials

SAP Cloud

Netsuite

Tagetik

Anaplan

Blackline

MS Dynamics

Host Analytics

IBM Analytics

5

This is the second time PointView Resources has

helped me to secure a new and challenging role.

What makes PointView different is that they

really know about the business of EPM / CPM

and know the particular aspects of the labour

market regarding EPM / CPM Consultants.

Senior Onestream Consultant

6

Market TrendsWe recognise that salary reward is just one aspect of the recruitment process and so each year we take a look at other trends which are having an impact on the digital finance job market. Candidates must monitor market developments to keep their skills relevant and employers must also follow the trends to ensure they remain competitive in the race to attract the best talent.

TREND

01FINANCE SYSTEMS & THE CLOUDOur survey found that 76% of respondents are now running

finance systems in the cloud. Concerns about data security

have largely disappeared and and cloud systems have become

mainstream. Technicians are encouraged to skill up on the main

cloud infrastructures such as AWS, Microsoft Azure and IBM Cloud.

of respondents that told us their current business runs some of their finance systems in the cloud76 %

7

TREND

02AUTOMATION AND JOB SECURITY

Automation does not present a fear to our survey respondents, in fact the

opposite: most stated that automation will create more job opportunities

within finance systems and many said they were confident they had the right

skills for the digital finance era.

said they were not concerned about the effect of automation on long term job security

It was interesting to observe how our respondents were gaining this

knowledge. Many said that current employers did not invest enough into

training the new skills required in a digital finance world and most were

building knowledge through their own efforts and self learning.

are confident they have the right skills for the new digital finance age

SELF LEARNING

The top four ways our respondents keep up to date with the latest digital finance developments:

42%

10%

Reading blogs & content

Company-funded training

28%Self-funded training

20%Attending industry events

8

THE TOP 3 MOST IMPORTANT THINGS IN RESPONDENTS’ CAREERS:

TREND

03INNOVATION, TRAINING & DEVELOPMENT

Over 60% of our respondents said that innovation and working with the

latest generation of technologies were the most important factors in their

career, above salary and benefits. Yet 35% of our survey received fewer than

5 days training in the last year and 41% received none at all.

Innovation, working with next generation technology

Earning the right salary and rewards

Flexible working

Are you doing enough to promote innovation and retain talent?

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TREND

04COMMON REASONS FOR LEAVING

THE FIVE MOST COMMON REASONS CANDIDATES WERE DISSATISFIED IN THEIR POSITION WERE:

Poor management

Unrealistic travel commitments

Inflexible working arrangements

Salary & rewards not competitive

Lack of innovation, working with out-dated technology

The world of work has changed significantly and the factors that contribute

to an unhappy workforce have changed accordingly. When approaching us,

candidates are expressing dissatisfaction with factors unrelated to money

and reward. More often, candidates will seek a move if they are working on

out-dated technology, a trend that has become more significant as we enter

the new digital finance environment. Candidates also seek flexibility and

autonomy especially in more senior positions.

10

TREND

05CULTURE & VALUES

Candidates, especially those from the millennial generation, look at employers

very carefully before joining. Creating a business with the right culture and

values is vitally important when you want to attract the best talent.

We asked our survey respondents to tell us what was important to them in a potential employer, allowing multiple choices:

87% A company that respects and looks after its employees

72% Being alongside like-minded and dynamic people

53% Working for a successful and profitable company

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SUMMARY

Our survey has again uncovered that innovation, training and company culture are the most important factors digital finance professionals consider when reviewing their career options. Salary and rewards are important but play only a small part in today’s digital finance job market.

Finance systems experts are acutely aware of the importance

of working with the latest technology to keep their skills

competitive in a rapidly changing technology landscape, yet

many businesses are not doing enough to train and develop

employees.

In such a competitive market it is vital that CFOs and employers

put training and development at the top of their priority list to

attract the best talent in the new digital finance age.

TRENDS

Conclusion

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PointView Resources has partnered with

CXO Software for many years, adding great

value in our resourcing in both Europe

and the US, due to their extensive EPM

expertise and network. The growth of CXO

software could not have been realized

without their professional support.

Ronald Wissink, CEO, CXO Solutions13

We have drawn from our 650 survey replies as well as data from some 250 vacancies we worked on last year, plus external positions posted in the overall market, to present one of the most accurate benchmarks for salary levels across financial ERP and EPM/Analytics. These have been broken down by sector and are split between the UK and the Benelux region.

Enterprise, or Corporate

Performance Management

(EPM / CPM) systems have been

around for many decades but the

sector has seen something of a

resurgence. Vendors are making

systems accessible to users in

other operational areas away from

finance. These initiatives are driven

by finance however, and so EPM /

CPM experts must understand wider

strategy and operations to be true

business partners.

Vendors such as OneStream

Software and Tagetik, which deliver

a single integrated platform for

close and consolidation, connected

planning and reporting, have

grown rapidly and become strong

alternatives to the larger vendors

which offer complicated multi-point

solutions.

The cloud has made performance

management systems accessible

to all businesses - small and

medium sized as well as enterprise

customers. Pure cloud vendors

such as Anaplan, Host Analytics and

Workday, through their acquisition

of Adaptive Insights, are now

significant players.

We recommend consultants and

administrators look to diversify

skills into new technologies.

True experts with a hybrid skill

set of functional accounting

and technology who can deliver

business value with EPM systems

are in high demand and can

command high rates compared with

peers with only accounting or IT

skills.

Overview - EPM

Salary Benchmark Data

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Permanent Interim / Contract

Mid-level(2 - 5 years)

Senior (5 - 10 years +)

Mid-level (2 - 5 years)


Programme Manager £65,000 to £80,000

£80,000 to £120,000

£500 to £700 per day


Project Manager £40,000 to £55,000

£60,000 to £85,000



Business Analyst £35,000 to £50,000

£50,000 to £70,000



Solutions Architect £50,000 to £70,000

£70,000 to £95,000



Developer £45,000 to £65,000

£60,000 to £90,000



Functional / Configuration Analyst £45,000 to £60,000

£65,000 to £80,000



Systems Engineer £40,000 to £50,000

£60,000 to £80,000



Finance Systems Manager £50,000 to £65,000

£60,000 to £100,000



Systems Administrator £40,000 to £60,000

£55,000 to £70,000



Finance Systems Analyst £30,000 to £40,000

£45,000 to £55,000



Professional Services - Manager £60,000 to £75,000

£70,000 to £120,000 NA NA

Professional Services - Consultant £40,000 to £50,000

£55,000 to £75,000 NA NA

Vendor - Pre-Sales £55,000 to £65,000 + Bonus

£70,000 to £100,000 + Bonus NA NA

Vendor - Direct Sales £50,000 to £60,000 + Bonus

£80,000 to £110,000 + Bonus NA NA

Vendor - Busines Development £35,000 to £45,000 + Bonus

£40,000 to £65,000 + Bonus NA NA

Vendor - Customer Success £45,000 to £55,000 + Bonus

£60,000 to £70,000 + Bonus NA NA

DIGITAL FINANCE SALARY BENCHMARK

EPM / Finance Analytics - UK

For a salary benchmark on more senior / executive grades, other regions or bespoke analysis please get in touch

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Programme Manager €70,000 to €90,000

€90,000 to €130,000

€500 to €700 per day

€900 to €1200 per day

Project Manager €60,000 to €65,000

€65,000 to €90,000



Business Analyst €50,000 to €65,000

€60,000 to €75,000



Solutions Architect €50,000 to €70,000

€80,000 to €110,000


€700 to €1,000 per day

Developer €55,000 to €70,000

€75,000 to €95,000



Functional / Configuration Analyst €55,000 to €60,000

€60,000 to €75,000



Systems Engineer €50,000 to €60,000

€70,000 to €85,000



Finance Systems Manager €50,000 to €65,000

€70,000 to €100,000



Systems Administrator €50,000 to €65,000

€60,000 to €80,000



Finance Systems Analyst €40,000 to €50,000

€50,000 to €60,000



Professional Services - Manager €70,000 to €80,000

€85,000 to €110,000 NA NA

Professional Services - Consultant €45,000 to €65,000

€65,000 to €90,000 NA NA

Vendor - Pre-Sales €60,000 to €70,000 + Bonus

€70,000 to €100,000 + Bonus NA NA

Vendor - Direct Sales €50,000 to €65,000 + Bonus

€80,000 to €110,000 + Bonus NA NA

Vendor - Busines Development €35,000 to €50,000 + Bonus

€50,000 to €70,000 + Bonus NA NA

Vendor - Customer Success €50,000 to €60,000 + Bonus

€60,000 to €80,000 + Bonus NA NA


EPM / Finance Analytics - Benelux


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Financial management technology /

ERP is a more mature category than

EPM and the market has largely

made the shift from on-premise

to cloud. The category has been

shaken up in the last five years and

we are seeing growing demand

for candidates skilled in newer

technologies such as Workday

Financials, Netsuite, SAP S/4 Hana,

Financial Force and SAP Business by

Design.

Cloud allows customers flexibility

and a faster time to gain value in

their digital transformation. There

is more emphasis on end-users

managing financial management

applications and less reliance

on IT staff. Finance candidates

are at the forefront of delivering

business value through digital

transformations and so must

diversify their skill set into strategic

thinking, influencing and business

partnering. Projects are also now

more often delivered using an Agile

methodology.

Keeping up with the latest

functionality as financial ERP

vendors constantly release new

features has become a challenge

for finance systems professionals.

Administrators must adopt a new

cycle of learning, business analysis

and release-testing on a constant

basis.

In their report analysing the

financial management industry,

Gartner identified lack of skills as

a challenge across all major ERP

vendors. They advise caution due to

the shortage of resources available

to implement and support new

digital systems.

(source: Magic Quadrant for Cloud

Core Financial Management Suites

for Midsize, Large and Global

Enterprises, published by Gartner

May 2018)

Overview - Financial ERP

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Programme Manager £65,000 to £80,000

£80,000 to £120,000


£700 to £1200 per day

Project Manager £40,000 to £55,000

£50,000 to £75,000



Business Analyst £35,000 to £50,000

£40,000 to £60,000



Solutions Architect £50,000 to £75,000

£75,000 to £100,000



Developer £45,000 to £65,000

£50,000 to £85,000



Functional / Configuration Analyst £45,000 to £55,000

£50,000 to £70,000



Systems Engineer £45,000 to £50,000

£60,000 to £70,000



Finance Systems Manager £45,000 to £60,000

£70,000 to £95,000



Systems Administrator £40,000 to £55,000

£50,000 to £75,000



Finance Systems Analyst £35,000 to £50,000

£45,000 to £60,000



Professional Services - Manager £50,000 to £65,000

£70,000 to £110,000 NA NA

Professional Services - Consultant £40,000 to £50,000

£50,000 to £75,000 NA NA

Vendor - Pre-Sales £50,000 to £65,000 + Bonus

£60,000 to £90,000 + Bonus NA NA

Vendor - Direct Sales £45,000 to £60,000 + Bonus

£80,000 to £110,000 + Bonus NA NA

Vendor - Busines Development £35,000 to £45,000 + Bonus

£45,000 to £65,000 + Bonus NA NA

Vendor - Customer Success £45,000 to £55,000 + Bonus

£60,000 to £70,000 + Bonus NA NA


Financial ERP - UK


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Programme Manager €70,000 to €90,000

€80,000 to €110,000


€900 to €1200 per day

Project Manager €50,000 to €55,000

€65,000 to €85,000



Business Analyst €45,000 to €55,000

€50,000 to €70,000



Solutions Architect €50,000 to €70,000

€70,000 to €90,000



Developer €55,000 to €70,000

€75,000 to €90,000



Functional / Configuration Analyst €55,000 to €60,000

€60,000 to €75,000



Systems Engineer €50,000 to €55,000

€70,000 to €80,000



Finance Systems Manager €50,000 to €60,000

€65,000 to €75,000



Systems Administrator €45,000 to €60,000

€55,000 to €70,000



Finance Systems Analyst €35,000 to €40,000

€40,000 to €50,000



Professional Services - Manager €70,000 to €80,000

€85,000 to €110,000 NA NA

Professional Services - Consultant €40,000 to €50,000

€60,000 to €80,000 NA NA

Vendor - Pre-Sales €55,000 to €65,000 + Bonus

€70,000 to €90,000 + Bonus NA NA

Vendor - Direct Sales €40,000 to €60,000 + Bonus

€80,000 to €105,000 + Bonus NA NA

Vendor - Busines Development €40,000 to €50,000 + Bonus

€50,000 to €65,000 + Bonus NA NA

Vendor - Customer Success €50,000 to €60,000 + Bonus

€60,000 to €80,000 + Bonus NA NA


Financial ERP - Benelux


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BENEFITS OVERVIEW

Our survey has also taken a look at how manyrespondents are receiving core benefits:

UK 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Medical insurance

Pension, company contribution

Option to ‘buy’ extra holidays

Car allowance

Cycle to work scheme

Gym membership

Subsidised breakfast or lunch

Give as you earn

Benelux 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Car allowance

Pension, company contribution

Medical insurance

Gym membership

Option to ‘buy’ extra holidays

Cycle to work scheme

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PointView Resources is a specialist resourcing partner dedicated

to the Digital Finance sector. We have been providing project

management, sales, functional and technology professionals to

the CFO Office on a permanent or interim basis since 2006.

Our core values:

Knowledge - Integrity - Trust

About PointView Resources

21

James Porter

T: +44 (0)20 7534 9840

E: [email protected]

W: www.pointviewresources.com

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