Despite the recognized advantages of automation in finance, many organizations are struggling with the high costs and diminishing returns on investment (ROI). Data from IBM reveals that 65% of finance leaders feel pressured to accelerate ROI, often prioritizing short-term gains over long-term innovation, which can hinder sustainable growth and employee morale. While only 30% of CFOs achieve a balance between cost reduction and growth opportunities, leading CFOs manage risks more effectively. The challenge of generating accurate data remains significant, with traditional automation still prevailing over emerging technologies like generative AI.

Source: https://www.supplychaindive.com/news/65-of-cfos-are-under-pressure-to-get-roi-from-technology-IBM-CFO-2024-report/727097/