How CFOs Are Prioritizing Digital Payments To Maximize Efficiency
The report explores how 94% of innovative CFOs are leveraging process digitization to optimize working capital, liberate cash flow, and build agile, resilient businesses.
Instead of reacting to change, they drive it
Business doesn’t stand still, so tech-forward CFOs constantly hone their digital investments to optimize spend and growth regardless of economic, competitive, and market changes. Those who integrate process digitization and automation early gain a clearer understanding – and competitive advantage – of how to best leverage digital tools for maximum sustained benefits.
Leading CFOs focus on big picture digitization and alignment
Embracing an end-to-end financial process approach – from AP to AR, payments, and procurement – creates a force multiplier effect by achieving improved results in functions across the board. This focus on related process efficiency maximization also lays the groundwork for resiliency to meet a range of business challenges.
Data-driven CFOs target digital investments to prioritize critical operations
With the shift to a remote workforce and spike in eCommerce, CFOs employed a digital technology triage strategy to focus on optimizing those with the greatest returns. Keeping risk down and cash flow up at all times enables companies to weather periods of disruption and volatility with minimum impact.