Automation

Introduction Enterprises today face relentless pressure to improve efficiency, agility and insights through process automation. However, despite massive investments, many find themselves stuck at low levels of automation. A recent study found that 30-50% of process automation projects in financial services did not meet objectives. Why do so many initiatives fall short? How can firms… Read More »Achieving Effective Enterprise Automation: Principles and Best Practices

Contract automation represents the apex of digital transformation efforts aimed at enhancing business productivity, risk mitigation, spend optimization and customer experience across industry sectors. Advancements in artificial intelligence (AI) and machine learning (ML) have elevated contract automation from merely digitizing manual workflows to data-driven intelligence augmentation and decision support across the entire contract lifecycle. This… Read More »The Future of Contract Management: An In-Depth Analysis of AI-Driven Contract Automation

The so-called Great Resignation has seen employees voluntarily leaving their jobs at record rates over the past couple years. As a business leader, excessive turnover can severely impact your organization across factors like: Productivity: Loss of firm-specific institutional knowledge and continuity impedes output. Declines over 35% have been benchmarked (Gallup) Revenue: High vacancy periods strain… Read More »Combating the Great Resignation in 2024: A Data-Driven Blueprint

The global economy is currently facing a perplexing phenomenon – a labor shortage despite millions looking for work. Reasons range from aging workforces in developed nations to pandemic-induced early retirements. At the same time, businesses are struggling to fill vacant positions as job requirements evolve. This mismatch between worker skills and employer demands has led… Read More »Bridging the Labor Gap: How Automation Can Alleviate Shortages

Intercompany accounting involves recording and reconciling internal transactions between entities under the same corporate umbrella. For large, global enterprises, properly tracking transfers of assets and balancing owed amounts across a web of interrelated subsidiaries is crucial yet prone to complexity. Fortunately, purpose-built software can automate the intricacies out of intercompany workflows – accelerating closes, reducing… Read More »The Complete Guide to Intercompany Accounting Automation