Business Chief Europe Magazine August 2020 | Page 90

POWERFUL ANALYTICS
Digital Finance – Finance Transformation at Deloitte
DIGITAL TRANSFORMATION
90 technologies in their finance and accounting processes .
Automation in finance has almost unlimited potential to increase efficiency , agility and ROI . As the technology increases in sophistication , its applications are “ evolving from simple individual task automation to full process automation that could improve the accuracy of financial analysis and forecasts ,” according to Gartner ’ s report on automation in finance . Gartner also notes , however , however , that the finance industry still faces pressure to increase ROI from automation deployments , adding that
“ at the same time finance robotics must be scaled out of shared services and into other finance sub-functions such as procurement and tax ".
POWERFUL ANALYTICS
A technological trend that remains closely linked with the increase in automation deployments across the sector is the growth and changing nature of analytics . The ability for finance departments to shift their energies away from back-office reporting , and towards forecasting and predictive analysis , has powerful implications for industries
Digital Finance – Finance Transformation at Deloitte
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AUGUST 2020