1、How global tax and finance teams are using automation to transform challenges into opportunitiesMARKET TRENDS REPORTState of financePARTICIPATION KEY FINDINGS TECHNOLOGY RESPONSE TOP PRIORITIES AUTOMATION ADOPTION SUCCESS STORIES DEMOGRAPHICS AVALARA SOLUTIONSContentsPARTICIPATIONWho we talked to 04

2、KEY FINDINGSWhat we learned 07TECHNOLOGY RESPONSEHow theyre coping 09TOP PRIORITIESWhere their time goes 14AUTOMATION ADOPTIONWhy theyre changing 17SUCCESS STORIESWhos doing it right 23DEMOGRAPHICSWhat the numbers show 27AVALARA SOLUTIONSHow we can help 30|02 Recent economic disruption is impacting

3、accounting,tax,and finance teams at companies worldwide.While the U.S.labor market remains strong,high inflation and the collapse of domestic and European banks are contributing to apprehension.As of September 2023,the Federal Reserve Bank of New York recession probability indicator suggested there

4、is a 60.8%chance of a U.S.recession within the next year.U.K.inflation hit a 41-year high of 11.1%in 2022 and has been slow to fall,and some local economists predict a U.K.recession is still to come.Avalara worked with Hanover Research to find out the top challenges finance and tax departments face

5、today,their future strategic plans and priorities,and how technology is helping them achieve their goals.60.8%ESTIMATED CHANCE OF A U.S.RECESSION within the next year11.1%IN 20224141-YEAR HIGHU.K.INFLATION RATE HIT APARTICIPATION KEY FINDINGS TECHNOLOGY RESPONSE TOP PRIORITIES AUTOMATION ADOPTION SU

6、CCESS STORIES DEMOGRAPHICS AVALARA SOLUTIONS|03 PARTICIPATIONWHO WE TALKED TOPARTICIPATION KEY FINDINGS TECHNOLOGY RESPONSE TOP PRIORITIES AUTOMATION ADOPTION SUCCESS STORIES DEMOGRAPHICS AVALARA SOLUTIONS Job rolesMANAGER/SENIOR MANAGER 38%DIRECTOR 33%VICE PRESIDENT/SENIOR VICE PRESIDENT 22%C-SUITE