Here’s a breakdown of automation hierarchies and what CFOs should know about them.
Accountability and governance throughout the RPA lifecycle are essential for mitigating fraud and maintaining effective controls.
"Management expectations in the coming year may outstrip finance’s resources," said The Hackett Group.
Seventy percent of what finance does today can be automated, and "some jobs are just going to go away," says intelligent automation expert Lee Coulter.
Finance departments are reluctant to remove humans from the financial reporting progress, but Gartner says that misses opportunities for efficiencies.
Automation is sweeping across the corporate landscape, with many companies expecting to use RPA in most or all of their functions within two years.
Research shows that finance departments are deploying the latest cutting-edge tools at a startlingly increasing pace.
The new finance chief at RPA firm UiPath, Marie Myers, was an enthusiastic user of robotic software in her previous job as global controller at HP.
More finance organizations are finding that it’s better to have a smaller, highly strategic team than an army of workers focused on transactional activity.
Heading into the new year, technology is starting to wipe out lower-level number crunchers in favor of mid-level team members focused on strategy.
Machine learning and AI solutions are difficult to deploy, often overhyped, and may have little bottom-line impact: Gartner.
Robotic process automation emerges from the back office to take on core finance tasks.
