Board room On average, 17 people are involved in a company’s budget, with that number rising to 23 people in companies of 500 or more employees. (Photo: Shutterstock)

A new study finds that chief financial officers (CFOs) are reporting relatively high levels of stress and overwork.

The report was released by DataRails, a financial planning and analysis platform for users of Excel software. It was based on a survey of 200 CFOs at businesses of up to 500 employees. The results show that 81% of CFOs say they suffer from the most intensive daily manual work, compared to any other role in the C-suite. The study said this burden is reducing the time CFOs are spending with family and friends. It also results in higher levels of boredom and stress at work for CFOs.

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