When it comes to data flows, automate everything

For many finance functions the finance data flow is still very manual and people focused, with an inability to drill back from aggregated balances to transaction detail. This leads to higher operational risk and a high reliance on key people and siloed skills – some of which reside outside the finance function all together!

CFOs need to feel comfortable that their processes and controls are automated and transparent enough that they don’t need to spend extensive amounts of time reviewing and ‘checking’ the numbers.

When the data flow is automated, finance teams are more efficient and have better visibility into the data itself and the controls, rules and processes that are in place.