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Tipalti webinar to tackle procurement technology problems

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Even CEOs are stressed out by the Covid crisis’ remote work, according to a Reuters report on a survey that found more than 100 chief executives were changed out in the first half of this year among the 1,095 firms surveyed.

“Many CEOs didn’t have to travel as much,” which helped them preserve their energy, said Jeff Sanders, co-managing partner of Heidrick and Struggles, a recruiting firm that did the survey. But communicating “virtually” in a new medium was “exhausting,” he said.

Check out Spend Matters’ 5-step “Procurement Technology Buyer’s Guide”

This increase in turnover compares to 49 CEO changes in the second half of 2020, the study finds. That indicates that CEOs are among the workers in the Great Resignation, which refers to the hundreds of millions of people worldwide who have quit work to consider a new job or lifestyle.

Tipalti webinar to tackle procurement technology problems

The AP automation experts at Tipalti will host a webinar next month that focuses on how to improve companies’ procurement processes with the right technology. Many companies know they have gaps in their processes, but they don’t know how to start the process to assess all of their needs and to know which technology will help the most.

To get the best match of technology to fit a companies’ needs, this webinar will discuss the procurement trends and challenges faced by companies and will discuss the best practices for implementing a technology-empowered procurement process to streamline the whole end-to-end operation. Topics include:

  • How to identify the gaps in the current process and select the right technology for your team
  • How modern procurement solutions help organizations achieve shorter time-to-value and drive rapid employee adoption
  • Best practices in implementing a technology-empowered process while driving employee adoption and team alignment

Sign up here for the webinar, to be held Dec. 15 at 8 a.m. US Pacific time/11 a.m. US Eastern/4 p.m. in the UK.

Esker survey find lack of digital transformation

A survey of 1,000 finance/accounting executives and practitioners by the finance automation provider Esker shows that the digital transformation spurred by the Covid crisis did not go far enough and that more business processes need to be automated.

“As a result (of Covid lockdowns), 83% of companies had to digitize at least some paper-based processes. Today, nearly 18 months later, the majority of finance professionals (64-69%) still report that lack of process automation negatively impacts their organization,” Esker said in a statement about the survey. “The consequences cited include slow client service/processing times, lack of oversight, employee frustration, and, ultimately, poor retention of department employees.”

The “2021 State of Finance” report also showed that workers had doubts about weathering another crisis like a pandemic, with 76% of respondents reporting that they are not confident their business has the technology needed to maintain performance standards in a long-term remote working situation.

“We wanted to conduct this survey to shed light on how damaging paper-based systems can be on business efficiency, performance and even staff morale,” said Emmanuel Olivier, Esker Worldwide COO. “This data shows that finance professionals at every level clearly see the glaring problems spurred by lack of digitization in their organizations and want to automate their systems to avoid the potentially devastating effects of errors, but there’s a substantial disconnect between desire and deployment.”

How do you find the right procurement technology and vendor for your company? Spend Matters’ 5-step “Procurement Technology Buyer’s Guide” can help — with how-to documents, checklist templates and other tips.

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