How Finance and IT Executives Lead the Way During an Economic Slowdown

Becoming more efficient

Rising inflation, recession fears, lingering and resurfacing impacts from the COVID-19 pandemic, demands to increase sustainability, and finance and IT executives’ growing importance in setting company's digital transformation strategy are forcing them to increase the efficiency in their functional and organisational tasks. 

According to a recent study conducted by Oxford Economics and SAP Concur, automation is the most common technology to drive efficiency and productivity. However, basic business process automation and its capabilities are simply table stakes. To maximise the automation advantages, businesses must use more advanced, intelligent technologies such as AI and machine learning, and embed those technologies into their existing process to unlock larger, competitive efficiency gains.  

Read the fact sheet and discover how Finance and IT executives in the UK have an opportunity to increase functional efficiency in the face of economic headwinds.