Watch this case study, as Alex van der Kooij – Finance Director, BI and Digital Transformation at Ecolab – shares the key ingredients required for successful digital transformation.

Watch the recording of the Digital Middle Eastern FP&A Circle to hear insights from senior practitioners and thought leaders about their experiences on Digital AI/ML FP&A.

At this webinar, we discussed how to maximise FP&A value through automation. We looked at the benefits of FP&A automation for both small and large organisations. 

Today, finance leaders must quickly synthesise information from across the enterprise including revenue drivers, supply chain issues, and workforce impacts. 

So why are we as finance professionals so slow to adopt digital transformation when there are so many proven benefits to us and the companies we operate in? I believe this is due to three main fears.

Budgeting and planning activities within companies are often time-consuming and quickly outdated in their significance. Methods like driver-based planning or even Beyond Budgeting represent attempts to increase efficiency, but the approach remains old-fashioned. However, the developments in the field of AI/ML are now opening up completely new possibilities. In the near future, it will be possible to calculate and compare a wide variety of planning scenarios within minutes.