Why accountancy is poised to undergo major digital transformation
Amidst today’s economic uncertainties, financial management skills and streamlining company spending have become a vital part of the finance function. Maintaining data accuracy throughout the spend management process is a huge challenge for many accountants and SMEs more generally, with an array of spending methods including online eCommerce sites, company cards, subscriptions and more complicating the invoicing process. Fortunately, spend management is the area about to undergo the greatest technological change, with new capabilities putting accounting on the road to fully automated spend management in the next five to 10 years.