Higher education institutions have always had to be resourceful, but the global pandemic increased this pressure on creativity in a whole new way. Chinks in the armor of legacy systems patched together over the years really showed themselves when flexed to virtual and hybrid learning and working environments. A breath of fresh air, the American Rescue Plan (ARP) Act, whisked in to support the badly needed upgrades to stabilize administrative functions and get higher education institutions in a resilient position so that they can best support everyone connected to the higher education experience regardless of ongoing disruptions.

We are in the midst of one of the worst and the most complex crises the world has ever seen, with most organizations across industries being pushed to the brink. Which ones will survive, and – more importantly – make the most amazing comebacks? I believe it will be those that already chose to invest, and those that will further accelerate their investments in Digital Transformation, the core of SAP’s growth strategy to help get customers “back to (their) best”.

Reducing costs and gaining control of spend has never mattered more. And, automating your accounts payable process can help reduce manual work, stabilize operations, and provide visibility into your spend during times of uncertainty.