By Joan Honig, DocuWare – Automating business processes in accounting and finance represents an enormous opportunity for business leaders. It’s a chance for chief financial officers (CFOs) to excel at their traditional role — improving operations and reducing costs — while leveraging their experience with automation to become central to digital business process transformation initiatives throughout their companies.
According to the American Productivity and Quality Center (APQC), nearly 3 in 4 organizations have an active financial process transformation project underway. Embracing this change creates long-term benefits for both the CFO and the company. It can position the CFO as a powerful force in the broader corporate objective of digital transformation and business process transformation.
The following data from APQC’s Blueprint for Success and Sustainable Process Transformation in Finance and Accounting shows there are significant differences between top-tier companies and their less successful counterparts.
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SOURCE DocuWare
