Automation in finance is not only a means to increase short-term administrative productivity - it has the potential to improve your long-term control. Better control means increased analytics capabilities and fewer errors. You should start with your dataflow.
Improving efficiency should be your top priority when it comes to expanding your business. While inefficient workarounds can work for a smaller business, inefficiencies will stack up if left unfixed, leading to bloated costs in the long run.
The COVID-19 pandemic has, in a short period, severely affected individuals, organizations, and the world economy. Finance teams must consider reassessing their processes to maintain core functions and cash flow. Here is some guidance for CFOs and finance teams for how to strengthen their operations, keep calm, and carry on.