Based on our experience and some extensive research into the present economic landscape, Xoomworks and Coupa have created an eBook to highlight 5 key CFO challenges that you are likely to face at some point.
Business resilience, financial risk management and cost control are now more important than ever. How can you embrace technology to help you achieve more?
Until recently, Business Spend Management systems(digital platforms that support the Source to Pay lifecycle – BSM) have been designed and targeted at large, often global organisations, requiring lengthy implementations and sizeable investment. However, through a combination of cloud technology, more agile implementation and significant investment in functionality to support broader business processes, BSM solutions offer enormous benefits to any organisation who recognises the need to adapt and evolve.
At the same time, the CFO role has also evolved. While fundamentals such as reporting, accounting, tax, compliance and financial management are still required, CFOs need to cover a wider remit including delivery of broader business KPIs, corporate drivers and forwardlooking analytics.
To be successful technology must play a part. By embracing digital BSM solutions, manual tasks can be automated, risks managed more comprehensively, cost savings made, and forward-looking opportunities and insights better identified.
From basic AP challenges to complex supplier and contract risk management, we’ll demonstrate how an effective Business Spend Management system can help you deal with these issues, create further operational efficiencies and help you spend smarter.
Download the eBook to find out more.