Today, in partnership with CFO Dive, Invoiced is excited to unveil “The Financial Automation Imperative” research report. This expansive survey of 450+ finance and accounting professionals reveals important information about their perspectives, plans and priorities regarding automation technology.
The full report can be downloaded for freehere. Here are some of the top takeaways:
Improving productivity, reducing human error and refocusing staff time on strategic work are the top expected outcomes of financial automation
Cash flow related automation technologies (Accounts Receivable and Accounts Payable) have the highest adoption levels at 49% and 47% respectively. These two areas also earned the highest satisfaction levels among those using them, indicating strong maturity relative to other categories of financial automation.
The ability to integrate with other systems is cited as the most important decision driver when considering purchasing financial automation technology.
Reporting/forecasting and accounts receivable are the top automation priorities with 45% and 44% of respondents respectively indicating those categories as high or very high priority.
But there are so many more important insights that you'll want to have handy for what will be a pivotal new year for finance and accounting professionals.
Jared King is Co-Founder & CEO of Invoiced, the category defining company in the field of A/R automation. Jared built Invoiced from a small bootstrapped startup to a thriving global platform that now serves the billing and collections needs of more than 20,000 businesses in 92 countries and processes more than $2 billion in client receivables every month. Because of Invoiced’s scale and success, Jared has a uniquely valuable vantage point for how cash management, business process improvement and technology come together to help companies get paid faster, waste less time on collections and provide better payment experiences for their customers.