Almost two in five chief financial officers (CFOs) at UK companies say that their finance teams lack the time or resources required to support the business, according to research by banking and accountancy recruitment firm Robert Half International.

The research also shows that 31% of CFOs are keeping a higher level of cash in reserve rather than investing it in the current economic climate.

Ashley Whipman, director of Robert Half, says: “Many CFOs are finding that engaging senior-level finance professionals on an interim basis is an effective way to manage strategic and complex initiatives while improving efficiencies and supporting business grow.”