Introducing the Automation Across Nations report
How mid-market organizations are charting a path through economic headwinds
June 2023 - Proactis, the leading spend management solution provider, has launched its latest insightful report, Automation Across Nations. This multi-market research, based on over a thousand responses from senior finance managers, details how major companies throughout the world are investing in automation to help them navigate a series of ongoing challenges.
From geopolitical tensions and trade block negotiations, natural resource scarcity, and the residual effect of the Coronavirus pandemic, the scale of the challenge faced by businesses globally is significant.
By focusing on three key trends – The Payment Squeeze, Financial Black Holes and The Automation Gap – the report, uncovers the self-preservation strategies firms are implementing, as well as the extent to which businesses need to get to grips with financial technology to gain greater control over their bottom line.
Conducted among 1,061 senior finance and C-Suite decision makers or board members at ‘major’ companies (with 50+ employees) in the USA, UK, France, Germany, Australia & New Zealand, and the Netherlands, the results show that a quarter of companies intend to delay supplier payments, with a further 28% implementing a temporary payment freeze on suppliers to preserve cash flow. Meanwhile, just 39% of respondents had the ability to forecast their cash flow three months in advance, and 1 in 10 can only forecast as far as a month ahead - causing major problems in tracking and managing outgoings.
The Report covers a range of topics and shows how utilizing automation in the right areas can yield maximum positive impact and delves into where the opportunities to create more effective cash flow management lie.
You can access a Summary of the report here, or you can download the full report using the following form: