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Posted: Mon Apr 21, 2025 4:43 am
With rising uncertainty regulatory complexities and competitive pressures companies are seeking ways to streamline operations improve decision-making and unlock efficiencies. The back office is ready for its glow-up and the appropriate effective and responsible use of ai could be the key. See also: into the nitty-gritty: how why and where automation optimizes bb payments why the back office is ripe for digital transformation for decades the finance function has operated as the companys operational backbone but not without significant challenges.
Manual data entry reconciliation and reporting dominate workloads chile cell phone number list with employees often spending hours navigating disjointed systems. At any time when you have paper you introduce manual processes duncan lodge global head of supply chain finance and emea head of trade at bank of america told pymnts. That means someone has to extract information process it and ensure its accuracy introducing delays inefficiencies and the potential for error.
These inefficiencies are amplified in small and medium-sized businesses smbs which often lack the resources for large-scale finance teams or advanced tools. For these companies the pressure to do more with less has reached critical levels. Ai offers a compelling solution by automating repetitive tasks enhancing accuracy and delivering real-time insights. While automation tools have existed for years the addition of ai transforms them into dynamic systems capable of learning adapting and uncovering patterns that humans might miss.
Manual data entry reconciliation and reporting dominate workloads chile cell phone number list with employees often spending hours navigating disjointed systems. At any time when you have paper you introduce manual processes duncan lodge global head of supply chain finance and emea head of trade at bank of america told pymnts. That means someone has to extract information process it and ensure its accuracy introducing delays inefficiencies and the potential for error.
These inefficiencies are amplified in small and medium-sized businesses smbs which often lack the resources for large-scale finance teams or advanced tools. For these companies the pressure to do more with less has reached critical levels. Ai offers a compelling solution by automating repetitive tasks enhancing accuracy and delivering real-time insights. While automation tools have existed for years the addition of ai transforms them into dynamic systems capable of learning adapting and uncovering patterns that humans might miss.