TECHNOLOGY
The next-generation technology is central to the new working revolution , says
Mark Haywood , VP EMEA ,
AppZen
“ Autonomy is the future of finance operations . Currently , finance functions like invoice processing can take weeks , even with some degree of automated processing , because of the need for human monitoring and intervention .
Cloud culture Technology has caused a transformation of the work culture and environment , which is leading us ever closer to the hybrid workfrom-home-and-office model .
Alex Foster , Director of Insurance , Wealth Management and Financial Services at
BT , says the public cloud and collaboration tools are allowing firms to observe projects end to end and have a Lean and Agile approach , despite working remotely .
She explains , “ These tools create an environment that enables effective communication and decision-making
“ But the application of AI to such tasks has meant businesses are increasingly able to uplevel their finance automation , not only processing data based on predefined rules but also extracting , validating , classifying and reviewing information , as well as making decisions with confidence .
“ In the not-too-distant future , autonomous finance will be commonplace , leveraging best-inclass technology to create leaner , more agile teams that can manage finance operations with zero manual touch needed , freeing up time for more strategic responsibilities .”
86 June 2021