Automation and digitalization technology is revolutionizing the financial business world. In fact, a report found that 78% of business leaders believe automation can free up to 3 work hours a day. By reducing redundant work or repetitive tasks you can help boost operational efficiency and even reduce costs.
One of the most common automation tools used today is MAPs or meeting automation platforms. These are used to streamline meetings and manage the process automatically. From scheduling to attendance analytics can be tracked and used to create post-meeting reports. Financial businesses are additionally utilizing expense modules to remove manual data entry for transactions. Expense modules can even automate prepayments and accruals for your business.
If you are interested in learning more about the benefits of digitizing your documents and using automation tools to improve financial operations, check out the resource below.
Infographic created by DFIN.