Digital transformation continues to take hold and with this move to digitization, companies are starting to emphasize hiring of techno-savvy employees in accounting and finance.
A new report from the Financial Executives Research Foundation and the global staffing company Robert Half, found that 19 percent of finance leaders are seeking to hire individual with data analytics experience, while 22 percent are looking to hire those with experience in enterprise resource planning (ERP) systems.
The report also showed that 75 percent of U.S. respondents are currently using or planning to deploy cloud-based services, while more than half surveyed still rely on manual processes for accounts reconciliation.
According to Financial Executives International and Financial Executives Research Foundation President and CEO Andrej Suskavcevic: “Technology continues to impact the day-to-day responsibilities of financial professionals across all levels. However, what the report indicates is that there is a continued — and in some cases rising — need for skilled strategic thinkers and communicators to manage functions that computations cannot, as well as to interpret and apply output from tech solutions.”
Considering millennials will comprise more than 1 in 3 adult Americans by 2020 and 75 percent of the workforce by 2025, they can be a great asset for companies that must disrupt how they do business and leverage new technology-enabled models to drive greater value. Tech-savvy and eager to learn and try new things, millennials can supercharge digital transformation in accounts payable and finance.
Aside from bringing in new tech-savvy talent, to provide the visibility and agility needed to fully capitalize on digital transformation, organizations must look to leave their legacy technology and thinking behind and re-envision their enterprise fintech footprint.
This is something Inspyrus customers – many of whom are with the most modern businesses in the world recognize, See the growing list of Inspyrus customers here.