Top 5 Finance processes to transform using Digital Process Automation (DPA)

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5

PROCESSES

EVERY FINANCE TEAM SHOULD TRANSFORM

As a financial leader, you’re likely facing more pressure than ever to identify gaps in your financial framework to better manage budgets and costs. By automating your processes, you can improve control over operations and increase efficiency – while eliminating manual, paper-based approvals and streams.

TOP FINANCIAL PROCESSES

1

EXPENSE PROCESSING
Ensure expense claims are in compliance with company policies and authorised by the right people through automated workflows and reports that allow for faster processing and better projections.

2

INVOICE PROCESSING
Automated workflows and processes route the invoices to the right people and systems so that each invoice is correctly classified, validated and safely stored in a system of record.

3

CAPEX APPROVAL AND ASSET DISPOSAL
Create a single electronic form to gather critical information, increase the
ease and speed of approvals, and create improved transparency  for monitoring purposes.

4

COLLABORATIVE ANNUAL BUDGETING
Incorporate budget information scattered across your LOB systems into a single view so budget owners can make well-informed estimates and recommendations.

5

INTERNAL AUDITING
Relieve pressure placed on audit teams by providing visibility into processes and delivering reporting capabilities that leave an audit trail, even after a workflow has been deleted.

WHY DOES THIS MATTER?

TOP CONCERNS FOR FINANCIAL LEADERS INCLUDE:

Improving margins and earnings performance

Optimise resources and better manage costs.

Cybersecurity risks

Keep your financial data safe with data integration software.

Strategic planning

Streamline your internal processes for a more successful plan.

Periodic forecasting

Connect data from disparate LOB systems for estimates and recommendations.

Budgeting

Make better, data-driven decisions.

81%{

Adapt and improve to keep up with the competition:
81 percent of finance leaders at 264 large companies said they were engaged in major finance redesigns.

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