Versapay and PYMNTS Publish Research Based on 400 CFOs’ Insights on Digital Transformation in Accounting and Finance Departments
The research also shows that this mass adoption of accounting digitization is about more thanjusteliminating manual work or improving back-office processes.
- The research also shows that this mass adoption of accounting digitization is about more thanjusteliminating manual work or improving back-office processes.
- 96% of CFOs citetheirmotivation fordigitizing accounts payable(AP)and accounts receivable(AR)processes is to improve relationships withtheircustomers and vendors.
- The past sixteen months havecaused a major mindset shift,where lifetime customer value has become a top priority for finance leaders strategic objectives, saysVersapaysCEO Craig ONeill.
- This change in outlook also applies to how finance and accounting professionals viewdigitization as a whole.57% of CFOs say their investments in AP and ARtechnology are about transformation rather than automation.