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Fractional CFO for fast-growing companies | 300k+ Finance & Accounting Audience | Founder & CEO of Mighty Digits
Are you staying up to date with the latest Business Spending Benchmarks? This post has got you covered👇 Grab the FULL guide for FREE over here → https://bit.ly/3SSvGIL Our economy is constantly shifting…with new attention placed in different areas on an ongoing basis. Here is what you need to know: ➡️ TECHNOLOGY ✅ Emerging Investments in AI and creative tools ✅ Consistent increase in card and AP spend ✅ Significant increase in electronics and office expenses ✅ Strategic adjustments in advertising spend ✅ Dependence on cloud and SaaS Solutions ➡️ HEALTHCARE & BIOTECH ✅ Adoption of AI and digital tools ✅ Steady increase in card spend ✅ Fluctuations in AP spend ✅ Significant increases in advertising and general merchandise ✅ Reduced travel expenses ➡️ MANUFACTURING ✅ Emergence of AI and specialized software ✅ Fluctuating Card Spend ✅ Significant advertising spend increase ✅ Increased fuel/gas and office spend ✅ Enhanced digital marketing and technology investment ➡️ FINANCIAL SERVICES ✅ New vendor experimentation ✅ Steady card spend increase ✅ Generally rising AP spend ✅ Technology and office investments ✅ Persistent advertising importance ➡️ PROFESSIONAL SERVICES ✅ Steady increase in card spend ✅ Rising AP Spend ✅ Surge in Advertising and SaaS/Software spend ✅ Decreased Professional services spend ➡️ NONPROFITS ✅ Emerging technology and creative tools ✅ Consistent increase in card spend ✅ Significant lodging and charitable donation spends ✅ Declining advertising spend ✅ Diverse operational costs === A special thanks to Ramp for both putting together this content as well as sponsoring this post! Be sure to download the full guide for FREE via the link above