How financial automation helps organizations stay
resilient, improve profitability, and remain ahead of the
pack in a fast-changing business environment.
Financial management automation is no longer a
want, it’s a need. Organizations across all industry
sectors understand the value of adopting technology
to increase accuracy, improve governance, and shorten
the month-end close process. Companies that replace
outdated systems with systems that provide more
automation are cutting costs, reducing overhead,
improving customer relationships, and freeing up
financial team members to focus on more strategic
projects, including data analysis and financial planning.
Nearly 76% of companies still use processes that are
either largely manual or that require considerable
manual effort, according to a Deloitte survey of finance
and accounting managers, directors, controllers, and
CFOs. Ready for a change, these finance leaders are
implementing cloud-based accounting systems (36.2%),
budgeting, forecasting, reporting tools (42.1%), and data
analytics and visualization (39.7%).1
