How Your Finance Department Can Innovate with Automation This Year
Prophix
Apr 18, 2023, 2:26:00 AM
Automation is a key part to transforming finance. In fact, automation has become a top priority for finance leaders in 2023. Automation allows finance teams the flexibility and efficiency to automate the tedious, time-consuming tasks and dedicate more time to strategic and higher-value contributions. The trend in recent years has been toward a more increased investment in technology, with automation leading the pack.
The 2023 Finance Leaders Survey: How Finance Leaders Can Spark Change asked over 700 finance leaders about how they currently use automation and their plans for the future.
The results show that these leaders are following through with their emphasis on automation in 2023:
- 27 percent of respondents told us that half or more of their processes are automated
- 65 percent of respondents told us they plan to automate half or more of their processes by the end of this year.
- 11 percent say they plan to be fully automated by year’s end.