Automation can either put CFOs on track for finance transformation or derail their efforts. Success will depend on automating the right things, while also infusing teams with the technology savvy and mindset needed to deliver true business agility. The first stop on that journey will be to automate repetitive and transactional tasks that today consume the majority of an FP&A team’s time.
According to a 2014 research study by McKinsey Global Institute, as much as 34% of a financial manager’s time could be automated by adapting current technologies.