Pre-pandemic, companies were already wrestling with the need to adapt to significant change, while still maintaining employee productivity and retaining momentum in digital transformation plans. In 2021, these three challenges have not disappeared, but new priorities have emerged: namely the need to streamline and optimise financial processes and strengthen cybersecurity.
While digital strategies are advancing, it’s not in the areas finance leaders need it in. Just 18% of companies have achieved accounts payable (AP) and Purchase-to-Pay (P2P) automation. What are the reasons?
The pandemic has encouraged companies to accelerate technology investments, with a focus on enabling efficient, productive and safe remote working through cloud-based services.