New Tropic and CFO Dive report shows spend management is effective across organizations, yet resistance to investing remains a critical barrier.
, /PRNewswire/ — As businesses navigate economic uncertainty and increasing complexity, a new report from Tropic and CFO Dive reveals that an astounding 99% of finance leaders using spend management believe they are operating efficiently, with 84% saying it has been very or extremely effective in accelerating digital business efforts. However, many companies are still slow to invest in the tools that could unlock further growth. Based on insights from 158 finance and procurement leaders, the report highlights the growing impact of spend management on both back-office efficiency and company-wide growth. Despite clear ROI, spend management continues to fight for attention against more glamorous software investments.
84% of finance leaders say spend management accelerates digital transformation, with 78% linking it to revenue growth
Further, as organizations must balance AI investments, …