Financial process automation is real and advancing: 50% of companies surveyed are automating strategic financial processes. This is what emerges from the new Capgemini report, “Reimagine finance for the digital age”. According to what emerges from the analysis, CFOs are therefore witnessing the rapid impact of automation in their processes Finance: the study shows precisely how about half of the companies interviewed have already fully or almost completely automated individual processes, including query management and payments. And 66% of these companies believe that full automation will potentially be achieved within three years.
Not only that: automation could become a true strategic business unit. According to Capgemini's research, thinks so 43% of area executives Finance respondents, who believe that automation, if used effectively, has the potential to transform the function itself from a mere “accounting entity” to a strategic business partner.
In addition to making the function become Finance a strategic business unit, companies that are currently using automation estimate that this will help them improve the customer experience (60%) over three years. About 55% of companies say that automation will allow them to unlock new information that will add further value to the company.
Finally, among companies with an advanced level of automation, more than eight out of 10 respondents (85%) say the entire company is pursuing an automation strategy, while 51% say they have built a dedicated company-wide automation team.
In addition to the report, Capgemini has developed a case study on Danfoss, which details the company's current use of automation to achieve accurate financial reporting, highlighting benefits already achieved, such as improved customer collection and accuracy of accounting processes.
