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The Finance and Business Synergy Report

Published by Pleo

Why collaboration? Why now?

If you’re familiar with Pleo then you might be wondering why we’re talking about collaboration. In the past we’ve talked about effective spend management, the role of the CFO, and the state of spending – basically, anything spend and finance-related.

But collaboration is a huge part of all of this.

How the finance team interacts with the other departments across a business is a major part of how organisations can flourish and turn their ambitions into reality.

True, there’s more than a smidge of hesitation about business growth out there – recessions, inflation and political change will do that. And businesses are a bit on edge, with 65% of companies from the markets surveyed saying they are in a constant state of readiness/resilience. But there’s also a good deal of cautious optimism and companies can sense opportunities.

What’s missing is the transparency, visibility and, you guessed it, collaboration they need to seize them. To dig deeper into this, Pleo has launched its first Finance and Business Synergy Report – an in-depth look at the challenges, benefits and future of finance and business collaboration across Europe.

In this report, we surveyed more than 2,800 finance decision makers in the UK, France, Germany, Spain, the Netherlands, Denmark and Sweden to delve into how their finance teams and other departments collaborate – including their challenges, predicted solutions, outdated perceptions and more.

The results are eye-catching and show just how critical collaboration is. Without it, businesses are making poor decisions, rash cuts and missing out on opportunities to develop as a team and as a business.

So, how do we fix this?

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