With increased economic uncertainty in recent months (e.g., inflation, tax reform, supply chain shortages, the lingering effects of the COVID-19 pandemic and a potential recession), businesses continue to reallocate spending within their businesses.

The good news is that today’s cloud-based analytical software technologies are seeing increased adoption and proving their worth in helping Finance teams become more efficient, plan and navigate a volatile economic landscape, and increase their agility to respond.

Artificial intelligence and machine learning adoption still lags mainstream planning and predictive analytics tools. But as these capabilities are embedded into modern planning, reporting and analytical software applications, Finance adoption is poised to expand rapidly.

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