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Automating The Finance Function: The Future of Finance

Planergy Software

Automating the Finance Function. Of all the areas that businesses automate, finance continues to lag far behind. The widespread use of spreadsheets or other outdated systems to perform accounting duties has put millions of businesses behind when it comes to automation. Intelligent Automation in Finance.

Finance 98
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What Is RPA?

Automation Anywhere

RPA is short for Robotic Process Automation , which is software that you can program to automate repetitive tasks. These tasks are rule-based and usually done manually, so RPA serves the goal of automating operations. The technology automates straightforward, menial tasks. Here are some examples.

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Your guide to intelligent document processing (IDP)

Hyland

It uses AI capabilities to intelligently process information within templates, forms and documents — even when formatting is dynamic. Then IDP can convert the content into structured data, which is often further streamlined by robotic process automation (RPA). IDP offers an industry-agnostic solution for data processing.

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The Difference Between Front and Back Office

Automation Anywhere

Contrary to the front office, the back office is made up of the parts of the organization that don't directly generate revenue for the business but are essential administrative functions that support day-to-day business operations. Most organizations have departments tasked with back-office processes. What is the back office all about?

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Hackett: Finance Leaders See Cost Containment and Cash Flow Optimization as Top Priorities for 2024

The Hackett Group

Finance leaders will also need to do more with less operationally in 2024 because they expect to see a 5% increase in finance workloads and a slight decrease in staffing and operating budget, The Hackett Group ® found. Digital transformation remains a top five priority for finance in 2024, the research found. NASDAQ: HCKT).

Finance 59
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The Advantages of RPA in the Cloud

Automation Anywhere

Robotic Process Automation (RPA) is maturing now to the point where companies want the option of deploying it in the cloud. As IT Central Station members who use Automation Anywhere report, the cloud can be advantageous for RPA because it provides the flexibility and scalability that suit many automation strategies.

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Down-to-Earth Reasons for Banks to Go for Cloud and Cloud Automation

Automation Anywhere

4) Drive innovation With time and costs eliminated for administrating the infrastructure, banks can reallocate resources towards driving innovation to improve operational efficiency and deliver better products and services to customers. Organizational and data silos can be eliminated, making it possible to see more, faster and easier.

Banking 98