The digitalisation of finance: simplified solutions for eventful times
The year 2021 may be starting with some early signs of growth, but the fierce digitalisation brought upon businesses worldwide is far from complete. Worldwide, CFOs, CPOs, and IT leaders guide initiatives to simplify complex and time-consuming operations while preventing workflow disruptions and improving the workplace environment and productivity. Whilst 2021 is another eventful year, innovative solutions can peel off unnecessary labour from all financial operations. Reducing wasteful paper invoices and digitally connecting suppliers with buyers to enable greater collaboration and engagement across supply chains are some of the ways top leaders can focus on growth while adapting to a revolutionised work environment.
Over the next couple of years, several European governments will move towards a mandate model for adopting the Pan-European Public Procurement On-Line (PEPPOL) e-invoicing standards to speed up the progress of digitisation. This new regulatory landscape presents a fantastic opportunity for CFOs to revolutionise the account payables processes through digitalisation, freeing up working capital and redirecting their efforts towards activities requiring brainwork and interpersonal skills.
- In what way is digitalisation bound to shape financial operations?
- What tools are available to enterprises in their quest for the most effective use of their resources?
- How can modern solutions help businesses remain competitive in an increasingly globalised economy?