Automation in Finance: Preparing for the Future of Back Office Functions – Full Document Download

Throughout November and December, I published a series of 6 articles looking at preparing for the future of back office functions through automation in finance. Starting with 9 bullet points on how to best prepare for automation in finance, working through understanding your current processes, who to involve and how to involve them, and tips

Automation in Finance – Preparing for the Future of Back Office Functions: Part 6

Read Part 5 Adhere to your project plans. When project start to drift there can be a tendency to adjust your plans accordingly, normally this is done in an effort to ensure that delivery of the project looks like it has been achieved. By reducing the overall size of a project, timescales should be less

Automation in Finance – Preparing for the Future of Back Office Functions: Part 5

Automation in Finance – Preparing for the Future of Back Office Functions: Part 4

Read Part 3 Involve your IT team. Yes, even if your corporate direction is to move to cloud based technologies, your internal IT team will still be vital in this project. It is almost certain that, during your research, you will come across technology that simply doesn’t make sense to you. Now, if you have

Automation in Finance – Preparing for the Future of Back Office Functions: Part 3

Read Part 2 Research, research, research. Over the last 5 to 10 years, organisations have really started to understand that their own research can be vital to the long term success of am automation project. In fact, it is widely suggested that more than half of the information that is used during the decision making

Automation in Finance – Preparing for the Future of Back Office Functions: Part 2

Read Part 1 Engage with colleagues outside of the finance team. This should, honestly, be a no-brainer. Yet we have often found that automation of finance or AP is explored and managed almost exclusively by the team in question, and their direct line management. However, how can you know what time and cost impacts moving