CFOs are simultaneously preparing for a downturn and investing in growth opportunities. Retaining and finding talent is top of mind and as finance functions evolve to work around AI and automation, technical and digital skills are more valuable than ever. 

To optimize costs and prepare for growth, accounts payable automation and indirect spend tools create value on both counts by reducing the need to increase headcount in times of growth, and reducing costs in a downturn. 

Staff and management will be looking to CFOs to demonstrate leadership in transforming paper-based processes with digital technology.

In this paper we discuss how:

• The finance team staffing landscape is changing
• CFOs can strategize to retain and attract digital talent
• Automating AP saves time and reduces processing costs
• Indirect procurement gives CFOs control over maverick spend