Automation is at the heart of digital transformation, and the finance function is ripe for automating processes like planning and budgeting, treasury management and source to pay. But finding the right solution to meet all your finance process and automation needs can be a challenge, as there is an overwhelming number of options on the market with multiple, often overlapping capabilities. The key is to take a comprehensive, step-by-step approach to selecting the right solution. To start, uncover where your finance and accounting team’s most manual functions may fall short and recognize where you need to improve.
Questions to ask include:
- Are you still using spreadsheets to manage finance instead of newer, more robust technology?
- Have your auditors identified financial statement adjustments or internal control deficiencies that need to be addressed?
- Are you straining against a system that doesn’t scale as your organization grows?
- Do you struggle with finding and training new employees?
- Does everyone in your organization have visibility into the financial data they need to make insight-driven decisions?
Avoiding the pitfalls to make an informed decision
In our latest guide, “How to choose the best finance automation solution for your business,” you’ll learn what you need to consider and how to begin the tool selection process to best meet your finance automation needs. In it, we reveal common pitfalls and how to avoid them, including:
