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| 1 minute read

High Inflation? Good Time to Digitize Finance

When the going gets tough(er)... streamline processes, squeeze costs out, and release the bots. A majority of our CFOs are focused on reducing SG&A costs this summer largely in response to the inflation, supply chain, and drought impacts on their businesses. That said, we also have been reporting on many businesses who are accelerating the use of technology to de-risk their reliance on human capital to solve complex process issues. The talent-labor crisis has put some conviction behind the technology investment decisions going into the 4th quarter and beyond. Regardless of interest rates, food and gas prices, and the cost of Florida real estate (those leaving Michigan, please turn the lights off..) the march to digital finance continues.  

Lots of mixed signals in the economy and demand vectors to keep us all busy hammering away at our HP-12C this fall. Stay healthy and happy Labor Day!

© Copyright 2022. The views expressed herein are those of the author(s) and not necessarily the views of Ankura Consulting Group, LLC., its management, its subsidiaries, its affiliates, or its other professionals. Ankura is not a law firm and cannot provide legal advice.

Digitizing key processes or tapping tools such as automation could help to solve both cost, talent acquisition and supply chain woes for financial executives, notably, with accounts payable and accounts receivable processes coming in as the most likely to be digitized or automated within the next 12 months.

Tags

finance, office of the cfo, financial services disputes, perspective

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