Financial leaders agree that achieving top business goals – including improving the customer experience , increasing revenue and profitability , reducing costs and improving sustainability – hinges on optimising cash flows as well as digitising and automating processes and payments . However , the majority ( 95 %) of companies do not have a solution and / or service partner in place for holistic cash forecasting and nearly 90 % are not automating their Accounts Receivable ( AR ) and Accounts Payable ( AP ) processes today .

The pandemic has caused countless problems , including businesses ’ financial planning and spending . Intelligent CXO spoke to two experts about how enterprises can get back on their feet and tackle 2022 with a smart financial strategy .

" Although the pandemic continues disrupting operations globally , it has helped finance leaders recognise the need for improved insights into their operations ' cash flow ," said Matt Clark , President and Chief Operating Officer at Corcentric . " For companies to meet business goals , they must prioritise optimising AR and AP systems and processes as much as revenue growth and customer experience ."

Intelligent CXO spoke to two experts , who offered further advice about financial planning and spending for businesses in 2022 . . .

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