Financial Management Automation: Key for CFOs to Boost Performance
A SAP Concur blog post cites a global survey by Oxford Economics of 1,500 finance executives, finding that top financial performers share six traits, including automation, collaboration, and risk management. The survey shows that companies with 5-10% revenue growth are more likely to agree that automation improves finance efficiency. 95% of financial leaders consider cloud apps critical to financial performance, and 88% say they are extremely useful for managing T&E costs.
Impact and considerations
Automation is key to improving financial efficiency and performance. Companies should invest in cloud and automation tools to optimize T&E management.
Key points
- Top financial performers share six traits, including automation, collaboration, and risk management.
- Companies with 5-10% revenue growth are more likely to agree automation improves finance efficiency.
- 95% of financial leaders consider cloud apps critical to financial performance.
- 88% say cloud apps are extremely useful for managing T&E costs.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 15 Aug 2026, 08:22
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：As it turns out, managing your money is a good thing (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47