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New AvidXchange Report Shows Finance Teams More Prepared Than in 2020—But Still Investing to Weather Uncertainty
New AvidXchange Report Shows Finance Teams More Prepared Than in 2020—But Still Investing to Weather Uncertainty

Globe and Mail

time6 days ago

  • Business
  • Globe and Mail

New AvidXchange Report Shows Finance Teams More Prepared Than in 2020—But Still Investing to Weather Uncertainty

CHARLOTTE, N.C., July 17, 2025 (GLOBE NEWSWIRE) -- AvidXchange, Inc. a leading provider in accounts payable (AP) automation software and payment solutions for mid-market businesses and their suppliers, today announced the results of its 2025 Economic Sentiment Survey, conducted via Pollfish. 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 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

New AvidXchange Report Shows Finance Teams More Prepared Than in 2020—But Still Investing to Weather Uncertainty
New AvidXchange Report Shows Finance Teams More Prepared Than in 2020—But Still Investing to Weather Uncertainty

Yahoo

time6 days ago

  • Business
  • Yahoo

New AvidXchange Report Shows Finance Teams More Prepared Than in 2020—But Still Investing to Weather Uncertainty

CHARLOTTE, N.C., July 17, 2025 (GLOBE NEWSWIRE) -- AvidXchange, Inc. a leading provider in accounts payable (AP) automation software and payment solutions for mid-market businesses and their suppliers, today announced the results of its 2025 Economic Sentiment Survey, conducted via Pollfish. 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 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 Media Contact:Alexis RiddickPublic Relations Managerpr@ sesión para acceder a tu portafolio

Are you nervous about taking a day off work? Here's why others are jittery about PTO
Are you nervous about taking a day off work? Here's why others are jittery about PTO

USA Today

time7 days ago

  • USA Today

Are you nervous about taking a day off work? Here's why others are jittery about PTO

More than half of U.S. workers recently surveyed say they feel some anxiety about taking all the paid time off they're entitled to – and a third of them say they're pressured to not use all of their PTO. About 9% of workers said their employers actively discourage them from taking all the time off they're owed. On vacation? Many Americans work on holidays. That's according to recent poll of 1,003 employed workers conducted on May 7 by Pollfish for LiveCareer, a job search service provider. The take-away for the survey results: While companies can grant time off, the workplace culture can send a different message, according to LiveCareer. Can't see our graphics? Click here to view them. Why aren't workers taking time off? The findings echo those of a Pew Research poll conducted in February 2023. While 48% of workers surveyed said they take all the time off that's offered, 46% said they took less time. Of those workers: Upper-income employees were more likely than their lower-paid counterparts to take less time off than what was offered, Pew said. Among those with a college degree, 51% said they took less time, compared 41% of those with less education. About 21% of Black workers say they don't take time off for fear of losing their jobs while 13% of their white counterparts have the same concern. Salaried workers, 52%, were more likely than hourly employees, 39%, to take less paid time off, Pew said. The LiveCareer survey concluded that employees need "systems, support and security" to feel comfortable in taking time off from work and recharging. NOTE A breakdown of the LiveCareer survey's respondents showed 54% male and 46% female. By age, 19% were aged 18–27; 27% were aged 28–43; 27% were aged 44–60; and 27% were aged 61–79. SOURCE USA TODAY Network reporting and research; Pew Research Center

Yahoo's AI-Powered Email Sorting Feature Helps You 'Catch Up'. How It Works
Yahoo's AI-Powered Email Sorting Feature Helps You 'Catch Up'. How It Works

CNET

time12-06-2025

  • CNET

Yahoo's AI-Powered Email Sorting Feature Helps You 'Catch Up'. How It Works

I might be the kind of person who ruthlessly combs through new emails the very second I see that red circle in the corner of the app icon, but I've had enough glimpses at the screens of my friends and family to know that my way of doing things is far from common. If you're the type of person who struggles with the process of getting through your email inbox, Yahoo Mail is rolling out a new feature that could be just what you need: an AI-powered catch-up tool to help you sift through bundles of unread emails and decide what's important enough to keep around. It's available now and only on the Yahoo Mail iOS and Android apps. So how's it going to work? "AI-powered summaries provide scannable email previews, giving users the option to 'delete' or 'keep in inbox' with a simple tap," Yahoo explained. "The final reward? A celebratory screen for users to see how many emails they deleted, and how fast they did it." Yahoo also cited a few recent survey findings to back up the utility of this new feature. According to the company's own internal data, around half of its email users are either Millennials or Gen Z, with a study conducted by Pollfish finding that nearly 50% of people from those generations claim to have missed important events because of their messy email inboxes, despite 70% also claiming that they check it multiple times a day. That survey was conducted between May 27-28, with 1,000 respondents across the US -- 500 Millennials and 500 Gen Zs. "We're all anti-email when it becomes another tiring task," Kyle Miller, the general manager for Yahoo Mail, added in a statement. "With Yahoo Mail, personal email is quick and easy to sort and manage, with game-like experiences that are built for mobile, and relevant AI-powered tools integrated." For more tips and tricks, check out how to tame your inbox using AI.

One in four couples spending up to €50,000 to pay for wedding, with almost a half willing to go into debt for celebration
One in four couples spending up to €50,000 to pay for wedding, with almost a half willing to go into debt for celebration

Irish Independent

time10-06-2025

  • Business
  • Irish Independent

One in four couples spending up to €50,000 to pay for wedding, with almost a half willing to go into debt for celebration

And the average budget for an Irish wedding is now between €10,000 and €20,000, according to research carried out by online savings platform Raisin Bank. For those who tied the knot in the past five years, the average wedding spend was around €10,000. Costs are rising for those who have yet to tie the knot. And budgets for the big day vary hugely, according to the Raisin Bank Wedding Report 2025. The research found that 45pc of those surveyed said they were willing to go into debt to fund the marriage ceremony and celebrations on the day. Weddings are big business, with many couples opting for big events in stately homes with others decamping with friends to sun-soaked beaches abroad to mark the occasion. The survey found that nearly half of respondents feel social stress at weddings. Just 8pc of couples kept the cost of their celebrations under €1,000. A quarter spent between €20,000 and €49,999. The largest group, 30pc, landed in the €10,000 to €19,999 range. On a per-guest basis, that translates to an average spend of €100 to €200. Another 28pc of respondents kept things modest, spending no more than €5,000. ADVERTISEMENT Learn more It is not clear how much spending has changed in recent years as this is the first time Raisin commissioned a report on wedding costs. Eight-hundred adults who are married or are planning to get married were surveyed by market research firm Pollfish for the report. Raisin said weddings can be expensive and are right up there with buying a home or putting a child through college as one of life's major financial milestones. Researchers for the bank found that more than 90pc of married Irish people say they put money aside for their big day. Among those under 30, that figure climbs to 98pc. Of those who saved, 57pc saved for a year or more, while the remaining 43pc managed to pull it together in under 12 months. One in four took more than two years to save for their celebration and 46pc of married people in Ireland ended up taking on debt to cover the costs. Debt isn't always a bad thing – as long as it's manageable Among couples under 30, that figure shoots up to 67pc. For those aged 50 to 64, this drops to about one in five. Just over half of respondents took out a personal loan. Nearly one-third of respondents borrowed from family or friends. One in five opted for their overdraft facility. People getting hitched prefer cash over other types of gifts, with 85pc of respondents agreeing that cash in an envelope is the way to go. The largest chunk of respondents prefer a sum of between €100 and €200. Almost one in five respondents – and one in four of the under-30s – put in €300 or more. Raisin Ireland country head Eoghan O'Hara warned those getting married to be careful about taking on debt. 'Debt isn't always a bad thing – as long as it's manageable,' he said. 'The key is to set a realistic budget, understand what your monthly repayments might look like, and make sure the cost of the big day doesn't hang over your married life like a cloud.'

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