Executive summary

Key findings : The pressure is on . Following a year of layoffs and looming economic uncertainty , finance teams need to do more with less , and clunky legacy solutions just won ’ t cut it .

Organisations across industries are modernising their tech stack and – in doing so – fundamentally reshaping the role and capabilities of finance teams .

For many , this is uncharted territory . Leaders struggle to understand which tools to adopt and at what pace . More than half the finance professionals we surveyed worry about the impact digitisation will have on their job security . But when we dug deeper , findings show that most stand to benefit from the impact automation can have on their dayto-day workflows .

• 58 % of finance professionals are currently upgrading their technology stack

• Enterprises use automation to manage large volumes of data ; SMBs to manage resource constraints

• Top areas where finance teams are leveraging AI / ML technologies :

• Automation of routine tasks ( 55 %)

• Financial forecasting ( 51 %)

• Month end close processes ( 49 %)

• 58 % are worried about the impact of digitisation on their roles

Read the full report here : https :// www . getmoss . com / en-gb / state-of-financedigitisation / report

To help finance professionals understand trends in automation , benchmark their digital maturity and build a best-in-class tech stack , we surveyed 750 finance professionals in the UK , DE and NL . For the purposes of this report , we defined small to medium-sized businesses ( SMBs ) as having less than 50 people , mid-market less than 250 employees and Enterprises as 250 + employees . Alongside their responses , we have commentary and insights from leaders in finance Digital Transformation at companies like N26 , CharlieHR , Vertice and more . �

20 www . intelligentfin . tech