Finance Automation

Finance and accounting teams are at the heart of all organisations. Managing revenue, third-party procurement, billing, supplier invoices, all while overseeing financial strategy and planning, mitigating risks and costs, and capitalising on new opportunities. Finance teams need to maintain high-performance levels, with minimal errors whilst pushing a business forward, which is why automation is becoming a popular choice among finance leaders looking to stay ahead of their competition.  

Automation is an essential step in the evolution of the modern finance function. This has become even clearer during the COVID-19 crisis, which exposed shortcomings in finance processes and systems. As businesses seek to rebound from the global pandemic, automation will change the way organisations operate forever.  

We have spent the last few months carrying out extensive research into finance teams and processes, to understand which processes within a finance function could deliver the most value if they were automated. We now plan to develop our finance use-cases in line with our findings. Based on our research, here are the shortlisted 4 finance processes that we believe will have the most impact.