Finance automation
The end of each month traditionally brings a flurry of activities to finance functions, with finance teams immersed in closing the books. This period is often characterized by long hours, meticulous data reconciliation and a frenzied rush to meet deadlines. However, with advancements in automation technology, this scenario is rapidly evolving. The concept of finance automation and the “touchless close,” a term coined by analyst firm Gartner during the pandemic, is emerging as a transformative force amongst innovative record-to-report (R2R) initiatives,
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