While budgets are being cut, layoffs dominate the news, and organizations are being expected to do more with less, investment in automation and technology is still increasing. According to Grant Thornton's 2023 Q2 CFO survey, more than half of CFOs expect to increase spending on and digital transformation in the next year, second only to cybersecurity. This reflects growing appreciation that technology is key to creating long term-efficiencies and building strong businesses with sound fundamentals.
Automation is key to growing productivity and enabling teams to do the higher value, strategic work required to compete in today's volatile environment. As companies look to improve topline sales growth while maintaining or improving margins, technology is the only way to make progress on both fronts. Our guide to using software to improve financial management details the pros and cons for companies to think about, while our list of finance processes to automate provides more specific inspiration. Looking to get started right away? Chat with us to learn more about automating sales commissions - our customers reduced time spent on comp plan administration by an average of 76% after working with us.