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.
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