New AvidXchange Report Shows Finance Teams More Prepared Than in 2020—But Still Investing to Weather Uncertainty
The survey of 709 finance professionals reveals a key shift: 67% feel more prepared to handle today's economic uncertainty than they did in 2020, crediting increased technology investment and hard-earned experience. Many are continuing to double down on digital tools to stay agile amid inflation, supply chain disruptions, and ongoing market volatility.
Economic Concerns Still Weigh Heavily
While confidence is growing, post-Covid hangover remains. 86% of finance professionals express concern about the current state of the economy, with nearly half taking actions like cutting discretionary spending. Additionally, 50% say they are 'very concerned' about the likelihood of a recession, and 22% expect one to hit within the next 12 months.
Tariffs and inflation are also reshaping financial planning:
83% report supplier cost increases due to inflation
52% say tariffs have led to moderate forecast adjustments
Nearly 1 in 3 organizations are sharing those costs with customers
These findings reflect a market still in flux—and the pressure on finance leaders to respond swiftly and strategically.
Technology Fuels Financial Readiness
Despite uncertainty, tech investments are enabling confidence. Seven in 10 finance professionals say technology is critical to their ability to respond to changing conditions, and 72% say tools implemented early in the pandemic are paying off today.
In fact, 49% say they are more likely to invest in AI and automation specifically because of ongoing economic uncertainty. Top areas of focus include:
AI and machine learning (48%)
Data security and compliance tools (44%)
Collaboration and workflow tools (36%)
Finance teams are embracing technology not just to cut costs—but to enable smarter, faster decisions.
Finance Professionals Emerge as Strategic Partners
The survey findings point to a fundamental shift in how finance is viewed: from operational support to strategic leadership.
Nearly 30% of teams are conducting scenario planning and financial modeling, while 27% are focused on strengthening supplier relationships—clear signals of a proactive, future-focused mindset.
With better tools and a broader mandate, finance leaders are stepping into roles that directly shape business direction, resilience, and growth.
Momentum in a Shifting Economy
Though 52% of respondents expect volatility to continue into 2026, the overall tone is one of momentum. Finance professionals are moving from reactive to proactive, leaning into their role as stewards of strategy, stability, and innovation.
'Finance teams aren't just adapting—they're planning smarter, automating faster, and driving strategic decisions across the business,' said Dan Drees, President at AvidXchange. 'This research reinforces what we're seeing in the market—technology is a critical enabler for companies looking to drive efficiency and fuel growth.'
To read the full report visit https://www.avidxchange.com/resources/finance-teams-economic-volatility/.
About AvidXchange®AvidXchange (Nasdaq: AVDX) is a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for mid-market businesses and their suppliers. With 25 years of industry experience, AvidXchange modernizes the way businesses manage their expenses and payments by offering AI-enhanced software coupled with support from experts. Empowering over 8,500 growth-driven businesses, AvidXchange increases efficiency, control, and visibility in financial operations and has securely processed payments to more than 1.3 million suppliers through its proprietary payment network over the past five years. For more information, visit avidxchange.com.
Media Contact:Alexis RiddickPublic Relations Managerpr@avidxchange.comInicia sesión para acceder a tu portafolio
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