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How to Mitigate Inflation in Finance Transformation

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CFOs: Scaling back on digital transformation initiatives in the face of inflation is the wrong approach ❌ Gartner_Finance shares why investing in the face of inflation will permanently reduce the cost of doing business: GartnerFinance CFO

, the highest of any inflation impact. In many areas, the instinctive approach to control costs will be the right one to mitigate inflationary margin pressures. Simply trying to spend your way out of inflation is not going to work.

“We call this digital deflation — investing in technology to permanently reduce the cost of doing business," says Bant., but it may be a route you haven’t considered. Gartner experts recommend a two-pronged approach to this:Apply technology to deflate the cost of finance.“CFOs must try to lead the C-suite to drive a unified enterprise digital strategy,” says Bant. “Inflation can be a catalyst for organizations to drive key digital and cost reduction initiatives across the whole business.

 

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