Automation of financial processes transforms the way businesses function, streamlining operations and maximizing productivity while allowing finance teams to focus on more critical tasks like financial planning and analysis.
According to a report by Grand View Research, the global robotic process automation in BFSI market size was valued at $685.7 million in 2022 and is expected to grow at a CAGR of 39.4 percent from 2023 to 2030.
Financial control and automation not only enhance accuracy but also present scope for exploring new operational efficiencies and gaining better control over financial data and procedures.
Robotic process automation (RPA) deploys screen-scraping to create agents that automate secretarial processes and rid businesses of manual tasks. Latest advancements in machine learning and optical character recognition are allowing firms to enrich and validate documents with ease.
Automated systems gather and consolidate data from diverse sources and arm finance teams with accurate, timely insights to drive data-driven decisions and gain unparalleled real-time visibility into financial activities.
This edition of CFO Tech Outlook delivers a bird’s-eye view of the recent developments in the financial control and automation arena and provides insights into how companies align with these latest trends to improve efficiency and drive better outcomes.
We have curated thought leadership articles from industry experts, including Lisa Tanner, Director of Global Credit Collections at Nidec Motor Corporation and Wuthivet Vetchabutsakorn, Senior Vice President and Group Head of Finance at ONYX Hospitality Group.
We also took a deep dive into market trends to narrow down the list of companies delivering robust financial control and automation solutions. Equipped with innovative technological capabilities, companies like Tellennium transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of CFO Tech Outlook helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
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