Fewer than 10% of finance-related activities are dedicated to analysis and action that support decision-making,. Instead, many activities are low-value and transactional.
“Freeing up the time to work on strategic challenges is an issue for finance organizations,” said Natalie Pia H. Azarcon, managing partner at IBM Consulting, IBM Philippines, “especially if finance doesn’t have the right tools and systems needed to automate traditional work, such as making payments, closing books, and the like.”
“Half of the finance department’s time continues to be spent on transactional activities, which have remained relatively consistent across IBM’s 18 years of research,” said Ms. Azarcon., can be leveraged to automate and eliminate low-value and transactional activities, thereby freeing up the time to drive deeper business insights and better business outcomes.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.