JOHAN STEYN: Robots in the finance team

Experts at Gartner, a leading provider of information technology research and consulting services, estimate that the CFO of the future will spend the majority of their budget on artificial intelligence . Smart technology can help them to optimise their departments by removing inefficiencies such as disconnected data and time-consuming processes.

Finance departments frequently disagree on how to collaborate with business leaders outside their ranks. Unconnected data is a major problem, and cost management and reduction are constant concerns. The month-end close process takes an average of up to 20 days for most firms. Automation and efficiency-improving initiatives may be able to help reduce this processing time...

Source: News Formal (newsformal.com)

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