The use of Robotic Process Automation (RPA) is one area that can help finance teams transform their analytical capacity and capability. In this article, the author outlines how RPA can help your business evolve.
Watch this video to learn a Case Study from Sandoz about the Analytical Transformation of FP&A using AI/ML and RPA.
The Digital North American FP&A Board identified the top 10 trends shaping FP&A in 2021 and beyond. The discussion was led by an experienced panel of senior FP&A professionals from across multiple industries. This article summarizes all featured presentations.
Computer simulations allow us to play out various scenarios repeatedly and assess the outcomes. It is also true for computer simulations that are used in finance. Through scenario analysis, we can gain some comfort and assurance that the decision taken is the right one given the circumstances. However, there are a few considerations with the use of artificial intelligence (AI).
While automation has eliminated many repetitive tasks, the next step for FP&A is to develop advanced analytics capabilities.
FP&A Digitalisation was discussed at several FP&A Boards in the past but the recent mindset shift has changed the perspective. It went from anxiety before the implementation to peace of mind in fully controlling the processes and confidence in the quality of provided FP&A insights.