The majority of finance team processes are either structured and repetitive or analytical and statistical — here we look at how those scenarios map to available technology, AI and RPA.
Deploying a virtual workforce to assist humans creates a more flexible workforce, but how best to incorporate AI and Machine Learning.
Robots do all the work while we sit back and relax.... Is this our new reality?
Not for now!
Your organization’s financial close and reporting processes — from closing out subledgers to creating and delivering financial filings to regulatory bodies — are complex and burdensome involving multiple systems, departments, and people.
Your organization works with multiple suppliers and fluctuating prices, which can make sourcing products and cost containment laborious and undependable.
Your organization’s ongoing KYC and KYV initiatives are complex, manually-intensive, and challenging and costly to maintain, which can result in compromised processes and quality checks, ultimately leading to poor customer/vendor relationships or even bad press for your organization.
Your organization has set up an invoice portal, which streamlines e-invoicing and invoice processing but onboarding new vendors and data collection remain manual processes, dragging down overall efficiencies.
To vacation or not to vacation? The age-old challenge for organizations and their teams. With the introduction of robots, to vacation is the answer.