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Whether in the form of business-process automation, cloud computing, data visualisation or advanced analytics, digitisation is revolutionising the data processes once handled entirely by finance teams.
5 billion euros. That is the amount of money that businesses are losing just in Europe on unrecovered VAT from travel expenses. The main reason behind this number? Lack of local knowledge, as local regulatory differences can be significant.
85% of finance teams are undergoing a transformation nowadays. However, 70% of the initiatives fail to deliver the forecast benefits. Why is this the case?