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Finance’s $1.4T gap between strategy and execution
Yahoo Finance· 2025-10-08 08:39
Core Insights - The finance function is experiencing a dichotomy, with leaders investing in technology and AI while many teams remain entrenched in manual processes that hinder efficiency [1] Group 1: Survey Findings - Two surveys highlight the widening gap between strategic investment in technology and the execution of finance tasks, with a global cost of repetitive tasks estimated at $1.4 trillion [2][3] - Personiv's survey indicates that 60% of finance leaders are adjusting their strategic planning due to macroeconomic policy changes, with many companies increasing capital spending and technology budgets [4] - AI adoption is becoming central to finance strategies, with 70% of public companies integrating AI into compliance and reporting functions, compared to 45% of private firms [5] Group 2: Leadership Perspectives - Public company leaders view AI tools as essential for improving forecasting accuracy and risk management, with nearly three-quarters expecting macroeconomic conditions to improve in the coming year [6]
Auxis Named Top FAO Company in Everest Group's Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment 2025
Businesswire· 2025-10-06 19:36
Core Insights - Auxis has been recognized for the third consecutive year as a Major Contender in the Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment 2025 by Everest Group [1] Company Summary - Auxis is a pioneer in nearshore outsourcing in Latin America and a leader in finance modernization [1] - The company is now part of Grant Thornton Advisors LLC, which enhances its position in the finance outsourcing sector [1] - The recognition by Everest Group reaffirms Auxis's status as a top finance outsourcing company globally [1]