Automation in finance: Get your team ready
By Drew AdamekApril 20, 2018
Emerging technologies like artificial intelligence and blockchain will radically transform how companies view and perform finance and accounting functions in the very near future.
Some global companies and large banks are already automating finance and accounting tasks like reconciliations, accruals, and journal entry. Although the technology is still several years away for many companies, it is simply a matter of time before automation is the rule.
However, before the automation revolution fully manifests, innovators will need to communicate and promote a profound cultural shift within the accounting and finance profession, and employees will need to develop a new, more flexible view of their work, according to two leaders in the profession.