Today’s New Finance Strategies and the Techno Business of Buying and Spending  

22 January 2021:

Over the past few years, the office of corporate finance and procure-to-pay processes (buying and spending) have undergone significant and sweeping changes. Supporting key functions that lie at the very heart of every organization, corporate finance, accounting and procurement departments carry out weighty objectives, such as meeting regulatory standards and ensuring accuracy in financial reporting.

But today, with the coronavirus pandemic, economic uncertainty worldwide is growing. And these enterprise functions are taking on even more strategic import as they man the corporate rudder and work to pilot the financial ship through this maelstrom of uncertainty.

For CIOs and IT professionals to be on top of their game, they must understand the underlying drivers of these new buying and spending strategies – the new and emerging business requirements and their technology implications.

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Source: Financial Executives

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