Summary
This report presents the findings from the second-annual Trends Survey conducted by AvidXchange, focusing on the priorities and concerns of finance departments as they prepare for 2025. The survey gathered responses from 500 finance leaders in August 2024, highlighting three key trends. Firstly, a significant 65% of finance leaders indicated that security is their primary concern for the upcoming year. Secondly, the report details the return on investment (ROI) from AI investments, with 72% of respondents reporting significant or moderate ROI. Lastly, the survey reveals a growing trend towards cloud adoption, with only 4% of respondents stating that none of their finance work is conducted using cloud-based technologies. The findings underscore the evolving landscape of finance departments and the critical issues they face as they adapt to new technologies and security challenges.
