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A Quick Win for CIOs in Financial Transformation
1reports1reporting sources2022-06-29Update
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Digital finance transformation can improve employee experience, spend visibility, and compliance. CIO-finance collaboration can break data silos, optimize supplier negotiations, and control costs.
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6月29日
- SAP Concur BlogA Quick Win for CIOs in Financial Transformation
SAP Concur blog notes that CIOs can achieve a quick win by modernizing travel and expense systems, opening the door to more complex cloud transformation in finance. 66% of senior executives believe a strong IT-finance partnership enables agility. An IDC report found roughly 80% of AP managers' time is spent on lower-level tasks. 53% of respondents manage different spending types with separate applications. An ACFE report says it takes on average 14 months to detect a fraud scheme.