Vickie also points out that the journey towards autonomous finance is not uniform across all organisations : “ The Irish business landscape , for example , is extremely varied .
“ It ranges from Irish PLCs overseeing vast global operations , subsidiaries of global multinationals that are carrying out a range of finance and business services in Global Business Service centres to both large and mid-sized private organisations with often relatively small finance teams and scarce technology resources .”
While diversity in the business landscape means that some organisations are further along in their automation journey than others , recent technological advancements are making automation more accessible .
Vickie explains : “ The advent of generative AI ( Gen AI ) and the nearsimultaneous retrenchment in the tech sector has brought both the technology and the ability to use it within reach of just about all organisations , regardless of size .”
Looking ahead , it ’ s clear the increasing regulatory burden on finance teams may accelerate the adoption of autonomous systems .
fintechmagazine . com 165