Financial Census 2024
What? You don’t like your job?
Finance leaders seem to be bucking the “Big Stay” trend of prioritizing stability at work. According to our data, it seems finance professionals are a particular flight risk.
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More than half (55%) of finance professionals said they are burned out
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58% of finance professionals in the US are looking for a new job
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71% of finance professionals in the UK are looking for a new job
This is boring.
As many as 87% of finance professionals are responsible for replying to vendor emails, answering an average of 28 such emails each day. This translates to an average of six hours a week replying to vendor inquiries about invoices. Each full-time finance team member is responsible for 26,045 invoices a year.
What would you do if you didn’t have to do everything?
People want a better work/life balance, challenging work, and clear progression. Tedious tasks simply don’t fit in. Autonomous AP, on the other hand, fits perfectly — helping employees grow in their roles and clearing the path to progression. Automation is making an impact and 94% of respondents said they are happy with the adoption of AI.
- As a result of automation, the finance professional has more time for innovative strategies – 54%
- The finance professional performs different activities than before due to automation – 53%
- The finance professional now works completely digitally; there are no more paper processes – 53%
What are the main impacts of automation on the role of the finance professional?
