Whether it’s used for reducing human error, boosting productivity or driving down costs, automation is redefining how finance teams perform.
Here’s what you need to know:
- CFOs’ involvement in technology implementation is on the rise.
- Gaining efficiency is the top driver of automation for finance leaders, well ahead of cost savings and risk mitigation.
- Most companies haven’t completed their finance automation journey, with only 28 and 27 percent having fully automated payroll and expense reporting.
- The biggest challenges faced in the process: communicating with other organizational systems and pushing through legacy systems.
- Two-thirds of CFOs report positive ROI from their automation so far
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