CFOs are generally hands-off when it comes to leading the charge for AP and AR automation initiatives.
The COVID-19 pandemic, however, raised the critical issue of cashflow from both the buyer and supplier side. As a result, CFOs need to be taking matters into their own hands.
In a recent study, Chief Analyst at Kisaco Research, Michael Azoff stated, “I have always found that when C-level executives are behind a technology initiative then it is more likely to succeed. Any deep technology initiative is likely to have change rippling across the organisation, and C-level executives can enable the change management.”
Finance leaders pushing for the digital transformation of AP and AR processes can help to create synergy and efficiency throughout the entire cash conversion cycle to better manage cash, make smarter business decisions and build stronger bottom lines that will hold up even in times of economic uncertainty.
In this eBook, you’ll get an overview of why the need for digital transformation in finance has increased, how uniting AP and AR through automation can improve cashflow management and why finance leaders need to act now to sharpen their organisation’s competitive edge and ensure future success.
Click on the link to download the eBook.