Yooz Declares Second Annual World State of Automation in Finance Report


DALLAS–()–Yooz, a number one purchase-to-pay (P2P) automation answer supplier, right this moment introduced the discharge of the second version of their international report, titled Automation’s Essential Position in Safety and Expertise Acquisition. This 12 months’s State of Automation in Finance report examines the present challenges and alternatives that finance leaders are going through, particularly within the areas of cybersecurity and recruitment, and additional assesses how the roles and priorities of CFOs have advanced from 2021.

Carried out in March, Yooz’s unique survey is the biggest research of its type, with over 1,200 Finance and Accounting decision-makers throughout eight international locations participating, together with the USA, France, United Kingdom, Eire, Spain, Switzerland, Luxembourg and Belgium.

“We’re seeing a vastly completely different panorama this 12 months amongst finance leaders and their departments in comparison with final 12 months’s analysis,” stated Laurent Charpentier, CEO at Yooz. “Now not are firms merely making an attempt to remain afloat – now they’re making an attempt to thrive off of applied sciences and processes that have been crucial changes made through the pandemic, and CFOs are being put on the coronary heart of those revolutionary modifications. Main the cost for division digital transformation, high expertise recruitment and ESG initiatives, all of the whereas guaranteeing firm monetary information is well-protected, the position of a CFO is being redefined in real-time as enterprise leaders are solely starting to grasp the quantity of labor that also must be accomplished for profitable digital transformation endeavors.”

Key stats supporting these themes embody:

  • Strengthening cybersecurity practices is an important problem (26%) that respondents reported their finance groups are going through in a post-Covid world, in comparison with solely 22% reporting that adapting to digital transformation practices is most essential
  • Over one-third (35%) of finance departments are closely concerned in delivering towards Environmental, Social, and Governance (ESG) targets
  • Nearly all of respondents (65%) are involved about points surrounding the hiring of latest expertise in 2022

The report additional highlights how the shift in priorities and duties that CFOs are going through in 2022 represents a bigger problem within the business as a complete – many respondents reported being ill-prepared for the type of digital transformation that they’re in search of:

  • 55% stated transferring to distant/hybrid working had a big effect on the flexibility to course of invoices on time – a rise of 14% from 2021
  • The typical Accounts Payable division spends greater than a full day (27 hours) managing vendor invoices every month
  • Just one-in-five (21%) companies are prepared for digital invoicing – a lower of two% from 2021

“There may be numerous work to be accomplished and numerous accountability driving on CFOs to seek out the proper know-how and other people to finest assist their firm’s digital transformation targets,” stated Charpentier. “We’re assured although that by implementing clever, safe automation options and reskilling leaders to higher put together for the challenges we’re seeing now, the way forward for monetary departments shall be paved for thriving success as we transfer right into a post-pandemic office.”

This report and all of its findings shall be mentioned in-depth in a webinar on July 13, 2022, joined by Cody Manning, NORAM Chief Gross sales Officer of Yooz, and Mark Brousseau, President of Brousseau & Associates. Webinar registration is anticipated to open on June 10, 2022.

Obtain a duplicate of the total 2022 State of Automation in Finance report right here.

About Yooz

Yooz gives the neatest, strongest and easiest-to-use cloud-based Buy-to-Pay (P2P) automation answer. It delivers unmatched financial savings, pace and safety with reasonably priced zero-risk subscriptions to greater than 4,000 clients and 200,000 customers worldwide.

Yooz’s distinctive answer leverages Synthetic Intelligence and RPA applied sciences to ship a tremendous stage of automation with excessive simplicity, traceability and end-to-end customizable options. It integrates seamlessly with greater than 250 monetary programs, exceeding every other answer in the marketplace.

Yooz is a fast-growing, award-winning, SaaS innovator that’s the good match for mid-size organizations throughout all sectors. It has been acknowledged as a Nice Place to Work®, 10 Greatest Cloud Answer Supplier by Trade Period, Better of SaaS Showplace (BoSS) by THINKstrategies, High 10 Accounting Answer Supplier by CFO Tech Outlook, and High 50 Firm to Watch by Spend Issues.

Yooz North America is headquartered within the Dallas, Texas metropolitan space with international workplaces in Europe.

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