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Few things in the business world inspire as much concern as preparing annual budgets. It comes as no surprise that PwC released a whitepaper suggesting that annual budgets are “little more than paperweights” and that “many budgets become obsolete before the fiscal year begins.”
DOWNLOAD WHITEPAPER DOWNLOAD: How to Attract, Retain & Grow Top AP Talent Amid Economic Uncertainty The post Financial Services Industry Faces a Hiring Crisis Amid Economic Uncertainty appeared first on AvidXchange.
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Seventy percent of survey respondents said their company is adjusting its budget over the next 12 months with 60% looking for ways to reduce costs and 66% looking to create efficiencies to increase productivity and improve profit margins. So how do they protect their budgets?
Thirty-six percent of survey respondents are focusing their investments on automation, including accountspayable (AP) solutions that replace manual back-office processes like invoice processing and bill pay that are critical to operations. Where are companies putting their technology investment dollars?
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For more information about how automation can fortify your organization, download our whitepaper, “How Middle Market Finance Teams are Preparing for a Recession.”
AvidXchange is transforming the AccountsPayable process one company at a time. On today’s episode we’re going to talk about digital skills. Was it accountspayable? 2:12 RHONDA GREENE No. Not just digital skills – we’re going to talk about closing the digital skill gap.
Redefining construction business priorities in the face of economic uncertainty Seventy percent of our survey respondents said their company is adjusting its budget over the next 12 months to prepare for a possible recession. Forty percent said their company is increasing its budget for technology.
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