The Ledger

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Tag Archives: finance automation

CFO Insights: Are You Ready to Make the Switch to Lights Out Finance?

“Shifting from automated to autonomous allows the finance function to achieve an exponential level of efficiency, reduce costs, and become more agile—while digital technologies autonomously execute processes end to end. Human intervention is the exception, freeing up finance professionals to shift their efforts to higher-value strategic activities and to generating more significant insights for the business.”

Read More at Deloitte >

CFO Dive: Inflation Pushes CFO Digital Investments

“In order to meet their goals of agility and resilience at their firms, as well as develop a “future-ready” finance function, CFOs “must adopt an end-to-end approach toward transformation in order to drive business growth, optimize stakeholder experience and scale business initiatives over the long-term,” Keshav R. Murugesh, group CEO for WNS said in a statement.”

Read More at CFO Dive >

CFO Dive: Splurge on Automation Before Recession Hits, Says Former ‘Serial CFO’

“Automation in areas such as FP&A can go further than simply reducing the need to hire new staff or cost-cutting measures, Ross said — it can also help to strengthen business outcomes, allowing finance teams to collect data more swiftly and to better consolidate their future strategies.”

Read More at CFO Dive >

FP&A Trends: Automation in FP&A: If You Want to Go Far, Go Together

“Automation will allow organisations to have:

  • A single source of truth
  • Automated reporting and analytics
  • Seamless collaboration between teams
  • Easy Scenario Planning and rework
  • Permissions and audit trail
  • Time for analysis and recommendations”

Read More at FP&A Trends >

CFO Journal: Automated Financial Forecasting: Remaking the Planning Process

“A solid foundation of data quality and data management is the first essential input to establishing automated, adaptable, and real-time forecasting. Leveraging continuous flows of data, algorithmic forecasting models allow organizations to quickly adapt to ever-changing business environments.”

Read More at The Wall Street Journal >

CFO Magazine: Best Organizations Report Consolidated Financials in 4 Days: Metric of the Month

“Excessive spreadsheet use, manual touchpoints in the process, and human error all increase cycle times for completing monthly consolidated financials.”

Read More at CFO Magazine >

CFO Magazine: 3 Hurdles to Moving on From Excel

“But Excel does not always deliver what finance needs at a time when organizations are moving away from manual tasks and siloed data.”

Read More at CFO Magazine >

CFO Magazine: Using Automation to Supercharge FP&A Teams

“How do you know if your company actually needs or stands to benefit from automation? If your team is over-reliant on spreadsheets, spends hours manually entering data, and has trouble processing and disseminating that data to decision-makers, you could be a prime candidate.”

Read More at CFO Magazine >

CFO Journal: Reimagine the Future of Internal Controls

“Organizations can leverage the recent rapid acceleration of digital transformations to automate and monitor many controls operations. Automation can help alleviate some of the pressure on internal controls functions, reduce costs, drive efficiency, and promote effective management of risks and opportunities. Automation combined with powerful analytics can also create transparency into key risks, business objectives, and controls in a visualized fashion, building confidence, intelligence, and performance—three important elements of an effective FoC strategy.”

Read More at the Wall Street Journal >