As accounting and finance professionals are well aware, the work required in accounting and finance roles is shifting. Professionals work is changing from reactive and transactional to proactive and analytical. It is being driven by technology, which is automating more and more processes. Moreover, About 50% of those surveyed by IMA declared that their work has become more analytical in the last 18 months. The majority said that transactional processing would decrease in the next five years.

Organizations can reap many benefits from automation across financial processes. These include increased efficiency and accuracy, improved compliance, reduced costs, and improved decision-making.

However, before organizations can realize these benefits, they must establish a solid, reliable data infrastructure. This means implementing cloud-based accounting software and automating financial processes.

This business guide will discuss eight financial processes that organizations can automate that can help you reduce costs and scale your business