The emergence of financial control and automation solutions is transforming the industry by allowing organizations to adhere to business plans and rollout quick amendments in case of anomalies, irregularities, or unforeseen changes within business processes. Gone are the days when accountants had to spend long hours optimizing the company’s financial statements during the end of a month. Today, software solutions that automate vital financial tasks such as accounts reconciliation, journal entries, and financial statements, enable companies to eliminate human errors and streamline their operations. Advanced finance control and automation solutions that leverage cloud, AI, machine learning, and blockchain are being employed to improve an enterprise’s core accounting and financial processing.
Cloud-based management tools empower financial organizations to efficiently monitor their accounting and financial processes with real-time visibility into daily operations. The rise of AI and machine learning-powered software solutions are used to drive accuracy in accounting by eliminating the burden of manual bookkeeping, saving valuable human resources to deal with essential accounting issues. In the wake of ever-evolving regulatory requirements in the industry, companies are also leveraging blockchain technology to streamline their financial reporting, thereby staying on par with the compliance mandates of the current day and age.
Regardless of an organization’s size, financial control and automation software have become crucial prerequisites to boost efficiency and profitability in a business. However, in the current competitive market, it can be troublesome for companies to choose the right solution provider from the multitude of vendors in the market. To help them carry out this task with ease, a distinguished panel of CEOs, CIOs, VCs, industry analysts, and CFO Tech Outlook’s editorial board has narrowed down the selection of industry leaders to a list of 10 forerunners in the finance arena.
We present to you the “Top 10 Financial Control and Automation Solution Providers - 2019.”
