Man using laptop computer, working at home. Worried about finances, used byAvidXchange for article summarizing new research regarding companies' ability to work from home and continue paying bills during the COVID-19 pandemic.

We Asked American Companies Like Yours How Ready They Were to Work From Home [Infographic]

In what felt like an instant, the coronavirus pandemic forced business continuity to the forefront for American companies scrambling to enable most, if not all, of their employees to work from home.

As AvidXchange moved to a widespread work-from-home setup and helped thousands of customers do the same by ensuring 24/7 remote access to their accounts payable, we wondered how many companies felt truly prepared for this kind of unforeseen scenario.

So, we asked.

We polled senior management from 500 U.S. companies to see how many had business continuity plans they felt confident in, whether or not they felt technologically equipped to act on those plans, and how that combination could impact their business’s ability to pay their bills – something mission-critical to keeping the lights on (literally) during these challenging times.

Check out the infographic below for some of our most fascinating findings and be sure to download the full survey report.

illustrated graphic highlighting stats from AvidXchange research survey about business continuity plans and accounts payable automation

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