The Ultimate Guide to Finance Automation
Finance teams own several business processes in an organization, such as quote-to-cash, procure-to-pay, quarter-end/month-end close, and financial planning and analysis. Finance automation refers to automating these business processes across various systems of record.
Finance automation reduces time-to-market by accelerating key financial processes, allowing companies to more rapidly and efficiently:
- Collect revenue from customers
- Retire liabilities
- Acquire products and services
- Generate reports for management
- Manage compliance with regulatory authorities
Finance automation also reduces manual data entry, manual data verification, and the opportunity for human error, alleviating finance and technical teams from rework. It ensures that various financial systems of record such as accounting systems, tax systems, customer systems, financial reports, and planning systems are kept in sync and are based on the most up-to-date data.
In this eBook, you will get a detailed understanding of finance automation, the value it delivers for businesses, challenges faced by finance teams, and how finance automation technologies can mitigate those issues. Download The Ultimate Guide to Finance Automation today and start your journey to a more integrated, insightful and reliable financial operation.