Finance Monthly August 2019 Edition
AUTOMATION: THE KEY TO UNLOCKING A CFO’S POTENTIAL The brain is a vast, complicated organ and it is widely, if misguidedly, believed that we only use about 10% of it on a regular basis. Science has, without doubt, disproved this fact, but it is easy to see why we would believe it. We often find ourselves failing to achieve our full potential, whether this comes in the form of lacking productivity at work, the impact of stress or tiredness on our decision-making or letting friends and family down, we are only human, we have our limits. This then begs the questions: how do we improve our potential? How do we build out our talents and achieve big dreams? hese very questions are why more leaders, and in particular, CFOs, are turning to smarter technology solutions for help, specifically ERP platforms with embedded AI. CFOs find themselves with ever-expanding job responsibilities, all the while being asked to continue leading the extremely vital finance teams, but they have the same number of hours in a day as everyone else – so something has to give. Therefore, automating manual processes will enable CFOs to regain precious hours, dedicate time to critical decision making and apply themselves to driving a competitive business. They need to focus on big-picture decision-making based on strategic insights, rather than simple but time-consuming tasks. Technology enables this shift: AI or chatbot assistants built into ERP applications that handle less strategic work can be a game-changer, helping CFOs focus on driving results. CFOs are ambitious by nature, they wouldn’t be where they are if they weren’t. However, they do need to keep Debbie Green Vice President of Applications at Oracle UK www.oracle.com T 50 www.finance-monthly.com FINANCIAL INNOVATION & FINTECH - AUTOMATION
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