Over half of UK organisations to cut expenses amid rising government costs, survey finds

A recent survey conducted among UK CFOs indicates that over half of businesses plan to cut expenses due to rising government-imposed costs, particularly new tax and National Insurance increases. The research by AccountsIQ and ExpenseIn shows that 52% of organizations are making adjustments to manage financial pressures, with significant scrutiny on payroll and employee expenses. Finance leaders see this as an opportunity to modernize operations through digital tools, highlighting the challenges posed by compliance and changing regulations in the economic landscape.

These figures demonstrate how finance teams are being asked to navigate an increasingly complex environment, with rising costs and ever-changing regulations always on the horizon.

We're seeing ambitious businesses embrace cutting-edge technologies to drive automation and efficiency.

Read at Business Matters