Introducing the Proactis eRecovery Report
April 2022 -
Proactis, the spend management experts, has launched a new piece of research, the Proactis eRecovery Report, which details how major companies are investing in digital transformation, starting from the onset of the Covid-19 pandemic, to help them recover from significant disruption.
The research explores digital transformation as a tool to help businesses improve their capabilities. The study was conducted among1,500 C-Suite decision makers or Board members at ‘major’ companies – those with over 50 employees – in UK, US, France, Germany, and Netherlands.
Results showed that major global businesses are investing in digital transformation for four primary reasons: to create an efficient business, increase profitability, to lower costs, and improve compliance.
The research also uncovered that the rate of capital investment in digital business has quadrupled in some cases, and the sheer weight of investment is tangible (The US - $4.4 trillion; UK - £123bn; France - €174.9 billion; Germany - €235 billion; The Netherlands - €49.6 billion) – amounting to an average investment of 4.5% of annual spend in digital recovery.
Nine in 10 major businesses have also experienced problems relating to logistics, shortages, and increased costs since 2021. The message is clear: digital transformation is seen as the most effective route to improve business resilience, protect margins and improve trading opportunities.
Access the report here