Over the past 12 to 18 months, there has been a notable shift in the priorities of business leaders. The looming threat of a recession and the tightening of financial resources in both the public and private sectors, coupled with the unfortunate demise of SVB and other banking partners, have combined to create a formidable challenge for startups and scaleups. Finance leaders have been tasked with navigating these demanding circumstances, steering their businesses toward long-term sustainability while safeguarding shareholders from dilution risks. As signs of economic recovery emerge and economists express a more optimistic outlook, conditions are beginning to evolve. The outlook for 2024 suggests a renewed emphasis on growth.
CFOs are treading with caution, holding onto a misconception that automating your function will significantly burden you and your team’s time. When in fact it can be one of the easiest wins. And with those businesses with technologically advanced finance functions outperforming their competitors by 280% [Gartner, 2023], those whose caution is outweighing their ambition will quickly find themselves at the back of the pack.
Finance leaders of tomorrow are capitalising on the fact that 80% of finance tasks can be automated to step into their new role as strategic leader [Accenture, 2023]. The question is not “If” to automate but “how” and “when”. Join us as we discuss the road map to steer your function in the winning direction.
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