Two-thirds of finance leaders to invest in people through tech
round two-thirds of finance professionals working in UK businesses expect to adopt further technology this year to support the finance and accounting practices of their team.
Research conducted by The Access Group found 65% of finance leaders want to invest in technology, with cloud accounting software (24%), payments software (23%) and automation (16%) the top priorities for many.
The research also found that payments (26%), forecasting and budgeting (21%) and document processing (16%) were named as the least efficient areas of work for finance teams. Concerns about heavy workloads, inefficient processes and skills shortages were also highlighted as some of the biggest challenges facing finance right now.
When looking into the reasons why leading finance professionals want to invest in technology, The Access Group found improving the workloads of their team and streamlining processes to free up their time were common, while improving customer experience was also highlighted, especially when it comes to payments.
To download a copy of The Access Group’s free report, Financial Health Check: Alleviating your Pain Points in 2021, click here.
Joe Pickard 6 July 2021