High inflation? Right Time to Digitize Finance – Financial Services

To print this article, all you need to do is be registered or log in to Mondaq.com.

When the going gets tough…streamline processes, reduce costs, and unleash bots. The majority of our CFOs are focused on reducing general and administrative expenses this summer, largely in response to inflation, supply chain and the effects of drought on their businesses. That said, we’ve also reported on many companies accelerating the use of technology to reduce risk from their reliance on human capital to solve complex process problems. The talent crisis has put some conviction behind technology investment decisions in Q4 and beyond. Regardless of interest rates, food and gas prices, and the cost of real estate in Florida (those leaving Michigan, please turn off the lights…), the march to digital finance continues .

Lots of mixed signals in the economy and demand vectors to keep us all busy hammering our HP-12C this fall. Stay healthy and Happy Labor Day!

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

POPULAR ARTICLES ON: Finance and Banking of the United States

When in Doubt – Blame the Bank

Gallet Dreyer & Berkey

Regulators recently burst in with statements regarding the alleged “abusive” practice of banks charging multiple NSF checks when a check issued by a depositor is returned unpaid…

Comments are closed.