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Finance Departments are Accelerating Their Automation Journey

Published by Tipalti

Despite advances in technology and the adoption of cloud accounting software over the last decade, finance teams are still spending 84% of the workday on manual tasks.This resistance towards full automation is due to the perception that the status quo is good enough—magnified by the perceived risk of business disruption from incorporating new systems and additional team training. 

However, modern finance teams are finding that the best way to increase efficiency and produce fast and high-quality information is to apply new tools to automate everyday tasks such as payroll, accounts payable, receipt scanning, invoice processing, expense management, and group consolidation.

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Related Categories Technology Trends, IT Services, IT Planning and Management, Finance Accounts Payable, Payroll, Accounting Software, Forecasting, Financial Technology