The last two years have had a profound effect on businesses in all industries, including power generation. Looking into the future, it’s evident that even more change is on the horizon.
To accommodate these changes, one thing has become clear within the realm of finance: Digital transformation is no longer optional. Instead, it’s a necessary step that organizations need to be agile, lower labor costs, and control the flow of cash.
Simply put, organizations that prioritize digital transformation are able to keep pace with changing markets, competition, and human capital. On the flip side, those that delay such investments will put themselves at a severe disadvantage.
With all this in mind, let’s take a look at three key reasons why forward-thinking CFOs are bringing digital transformation to their finance departments in the guise of accounts payable (AP) automation.
Read the article