Cash Maturity 2023 Study on Financial Transformation

The Cash Maturity 2023 study, co-authored by Sidetrade and PwC, serves as a technical report that investigates the current state of financial transformation projects among companies. It outlines the challenges organizations face in prioritizing these projects, particularly within constrained budgets, as 88% of companies express interest in launching financial transformation initiatives. The report details key findings, including that 36% of finance teams engage in tasks that could be automated, and 69% of companies do not fully utilize their data assets. The study emphasizes the importance of technological innovation in enhancing financial resilience and productivity amid economic uncertainties. It also highlights the role of HR strategy in supporting financial transformation, noting that outsourcing skills can pose risks to sustainability. The methodology section explains that the study surveyed 172 companies across various sectors, ensuring a diverse representation of the finance transformation landscape.