Turning to automation
Today’s business leaders are constantly trying to strike the right balance between driving operational efficiencies, delivering cost savings, implementing innovation and enhancing the customer experience. The right formula however isn’t easy to come by and digital solutions are constantly being sought to achieve the perfect balance of operational efficiency and business progress.
In board meetings of years gone by, the finance function, and the CFO, would not feature as part of these conversations, restricted to delivering detailed financial updates in their designated role as “bean counter”.
But the finance function of today should be central to the delivery of innovation and the implementation of automated, digital technologies is key to it playing this role.
In order to shed its “bean counting” image, finance should be turning to automation strategies that eliminate the time-intensive tasks that hold the function back from enabling innovation, driving growth and boosting profits. So, with the global business workflow automation market estimated to reach $5.2 billion in revenue by 2026
, why are businesses still struggling to implement them?