Enterprise finance is constantly evolving, sometimes in radical ways as technology is introduced. New innovations demand swift changes in how finance departments operate in order to keep up with the growing needs of businesses.
Automation technology takes repetitive manual tasks and automates them, so no personnel has to devote a significant amount of time and energy on those tasks. In the finance department, this can take the form of a system that keeps all digital documents organized, automates invoice approvals, and even reports on data that will make financial planning and forecasting for the department more efficient.