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.
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.
True Business Partnering starts when the FP&A community fully owns the numbers, completely agrees with them, and publicly endorses them.
Without a doubt, the effects of AI on the global economy are jaw-dropping. But how does that affect the FP&A sector? Do we need to worry about the rise of artificial intelligence?