It’s natural to want to batten down the hatches and cut non-essential spending in times like these.
For many businesses, investing in new technology falls into the category of “non-essential.” But it shouldn’t.
It’s vital for finance leaders to differentiate between spending that will do little to out-manoeuvre inflation, and thoughtful investments that ultimately and permanently reduce the cost of operating a business.
Read this guide to discover 5 key reasons why it makes sense to invest in process technology despite inflation volatility.
Key insights include:
- Digital Deflation: Investment in technology creates long-term reduction in cost-of-business, enabling companies to offer products and services at lower prices.
- In a time when businesses are still struggling with cash flow and liquidity issues, automation technology also promises the capacity to predict and better foresee cash flow.
- Automation technology offers a path forward by signaling to employees that their organization is interested in them and their job trajectories.
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