INCREASED AUTOMATION
“[ Automation applications ] are evolving from simple individual task automation to full process automation that could improve the accuracy of financial analysis nd forecasts ”
— Gartner
glimpse of what automation can deliver . Smart contracts show us new ways of tracking assets . The lessons are out there . We don ’ t have to reinvent the wheel . We can focus instead on adapting and adopting .”
The report continues , however , to note that although the technologies necessary to effect seismic change across the industry are appearing ( typically in the form of pilot programs and localised trials ) there has yet to be much evidence of scalable transformational change . “ The roadmaps to that future are still being drawn .” This month , Business Chief breaks down three of the key trends affecting the relationship between digital transformation and the finance operation , and looks at how companies can best adapt and thrive under these new conditions .
INCREASED AUTOMATION
From manufacturing to supply chain and logistics operations , automation is the technological trend that is shaping up to define the century . In the finance sector , robotic process automation ( RPA ) has the potential to reshape the role of the finance professional , as well as dramatically increasingly the potential for value creation across entire businesses .
It ’ s estimated that financial planning and analysis ( FA & P ) professionals spend as much as 80 % of their workdays
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