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Ranking of the industries that have made the most progress in digitization

According to the document “Covid-19 Business Pulse” made by the World Bank on the socio-economic impact of the pandemic i 1000 Argentine companies, more than half of the local companies faced the health crisis by making more use of digital tools, where 41% increased their use and 15% started using them.

The data is the experience of Checks, a platform that helps companies automate the central connection with suppliers. According to a company report, during 2020 and 2021 the number of questions and demos from companies interested in learning about the solution almost doubled, in a context where the company’s sales have doubled over the past three years.

From a sectoral perspective, the World Bank survey shows that they were the most active trading companies in the intensification of its use to address the pandemic, since then 61% of them started the use of digitization or increased the use of digitization. This was followed by services (53%) and industry (46%). Meanwhile, before the pandemic, service businesses had more widespread use than the rest (36%).

Specifically with regard to supplier management, CheckPagos’ survey among its clients showed that companies in the pharmaceutical and automotive sectors have been the most contracted for the platform’s service in the last two years, in a ranking followed by laboratories and service companies . such as advertising agencies, corporate consulting, financial advice, as well as another significant group in the food and beverage sector.

“The pharmaceutical sector was in the eye of the storm during the pandemic, it was necessary from the first moment and she hardly had time to adapt, she had to do it in real time, so they wanted comprehensive platforms and advice to rent. address its digital transformation and including payment to suppliers, a very sensitive issue for the sector »said Guillermo Reggianico-founder, along with Francis Coast y Federico Costabelfrom CheckPagos.

For the automotive industry, the need to accelerate digital transformation and adoption to supplier payment management was determined “Due to their complexity the pandemic has submerged the sector’s supply chain, which still creates supply difficulties, due to the lack of certain components. The automation of this connection was a prerequisite for companies to review, optimize and take full advantage of the strengths of their supply chain, based on certain data, to face the challenge of innovation »Reggiani added.

Reggiani explained, in the various conversations held with potential clients, that the situation in which companies from different sectors of the industry found themselves, where the process of managing payments with suppliers, especially the point of invoices, was very manual and ineffective. .

The phenomenon is not strictly local. According to LLYC’s first report “Deep Digital Journey”, published in 2021, most companies are still not halfway through their digital transformation process.

The work, which consulted more than 200 marketing and communications executives from large companies belonging to 16 sectors and 12 countries in Europe and America, argued that “companies are making a huge effort to evolve and adapt to disruption digital, but along the way. they have a logical resistance to change that is deeper and more radical than it seems».

Uploading an invoice manually is estimated to take between 5 and 15 minutes, while the process takes less than a minute with solutions such as CheckPagos. If you consider that the average company processes between 1,000 and 1,500 monthly invoices, the time and cost savings are significant.

Additionally, various studies show how piles of paper on desks and manual data entry end up hindering agile customer service, timely payment of suppliers and other tasks that should flow quickly and leave no room for error.

The SME Observatory Foundation (FOP), in particular, showed that companies that increased the use of digital tools, or started implementing them, in response to the pandemic, were also the ones that performed better compared to those that did not . .

«Although a full presence was restarted in 2022 after two years of a home office, companies have set the goal of “paperless” and are all moving towards the efficient digitization of their processes. In this context, Checkpagos is positioned as an ideal solution for supplier payment management, incorporating day-to-day tools that facilitate the achievement of the “paperless” objective. Reggiani finished.

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