Remove Auditing Remove Financial Modeling Remove Reconciliations
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Taking a strategic approach to AI adoption

Future CFO

Platforms like Hitachi iQ enable advanced financial modelling and anomaly detection, while automation has reduced the burden of reconciliation and regulatory reporting, allowing teams to focus on strategic decision-making." Regular skills audits can help finance leaders understand where gaps exist," he says.

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Generative AI is a game changer

Future CFO

For accountants, Gen AI can help in the reconciliation and in-depth risk assessment with its capability to execute tasks, understand context and patterns and suggest optimal strategies. This will be an ongoing challenge with AI as there should always be a means to review and audit the system and results.

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New SAP AI Initiatives Will Enhance Order-to-Cash to Compliance Processes

Bramasol

Interactive queries, such as identifying potential challenges with upcoming audits Proactive modeling and evaluations, such as impacts of pricing increases or discounts segregated by channels, geographies, etc. to drive financial models.

SAP
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Going beyond compliance checkboxes for robust data governance

Future CFO

"Over the last several years, technologies like Robotic Process Automation and Intelligent Document Processing have streamlined invoice processing, expense management, and reconciliation tasks, resulting in reducing errors and freeing up finance professionals to focus on strategic decision support rather than administrative work," he says.

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The 5 Best Financial Reporting Software to Enhance the Productivity of CFO

Spreadym

Collaboration: Tools for multiple users to collaborate on creating, reviewing, and approving financial reports. Audit Trail: A record of changes made to financial data and reports, ensuring transparency and accountability. Security: Robust security measures to protect sensitive financial data and prevent unauthorized access.

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Best Finance Software for 2024

The Finance Weekly

Drill-down and audit control allow each finance team to understand and control every aspect of their budget and forecast. 2) Anaplan Anaplan is a cloud-based platform for financial modeling and planning, designed to assist businesses in modeling transactions, calculating commissions, and mapping the relationships among diverse data sets.