To keep up with today’s economic environment, CFOs are adapting their roles to be less financial advisors and more business strategists.
In a 2022 CFO Dive survey of 160 CFOs, 95% agreed that reducing manual, time-consuming, and error-prone processes is a priority for the CFO and the finance function in their organizations. One way to accomplish that is through Accounts Payable (AP) and Accounts Receivable (AR) automation.
Automating your financial operations enables:
The ability to grow and scale efficiently
Increased cash flow
Better decision-making capabilities
Updating technology and embracing automation is a clear way for CFOs to take stress off employees and allow them opportunities to work strategically.