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History shows that crises often lead to significant change in the way things are done. But it is doubtful many initially anticipated that COVID-19 could fast track Australia into a cashless society.
As many businesses envisage an online-only presence and working from home becomes more prevalent during COVID-19, cyber security risks are increasing.
Global adoption of a universal payments language continues apace. Together with APIs, it is leading to richer data exchanges and enhanced customer experiences.
Australia could become Asia-Pacific’s first cashless society by 2022.
Today’s finance teams are tasked with harnessing commercial data to inform strategic financial management decisions. ERP solutions can help meet this demand, but it’s the next generation of ERP software that stands to revolutionise the modern finance function.
The publications on this page are published solely for information purposes. As they have been prepared without considering your objectives, financial situation or needs, you should, before acting on the information, consider its appropriateness to your circumstances and if necessary seek the appropriate professional advice. Any opinions, conclusions or recommendations are reasonably held or made, based on the information available at the time of each publications compilation, but no representation or warranty, either expressed or implied, is made or provided as to the accuracy, reliability or completeness of any statement made. Commonwealth Bank of Australia ABN 48 123 123 124.
