New AvidXchange Report Shows Finance Teams More Prepared Than in 2020—But Still Investing to Weather Uncertainty

Core Insights - AvidXchange, Inc. released its 2025 Economic Sentiment Survey, indicating a significant shift in finance professionals' preparedness for economic uncertainty compared to 2020 [1][2] Economic Sentiment - 67% of finance professionals feel more prepared to handle economic uncertainty than in 2020, attributing this to increased technology investment and experience [2] - 86% express concern about the current economy, with nearly half cutting discretionary spending [3] - 50% are "very concerned" about a potential recession, with 22% expecting it within the next 12 months [3] Technology Investment - 70% of finance professionals consider technology critical for responding to changing conditions, with 72% noting that tools implemented during the pandemic are yielding benefits [4] - 49% are more likely to invest in AI and automation due to ongoing economic uncertainty, focusing on smarter, faster decision-making [4][8] Strategic Role of Finance - Nearly 30% of finance teams are engaging in scenario planning and financial modeling, while 27% are strengthening supplier relationships, indicating a shift towards strategic leadership [5] - Finance professionals are transitioning from reactive roles to proactive ones, influencing business direction and resilience [6] Economic Pressures - 83% report supplier cost increases due to inflation, and 52% indicate that tariffs have led to moderate forecast adjustments [7] - Nearly one-third of organizations are sharing increased costs with customers [7] Future Outlook - Despite 52% expecting continued volatility into 2026, the overall sentiment among finance professionals is one of momentum and proactive engagement [6]