Advice and Information for Finance Professionals

Learn How to Outpace Business Change with Emerging Tech

Guest Author

By Emma Hitzke, Senior Director, Emerging Technologies, Oracle

Has your organization asked you to do more and more with less time, money, and resources?

Are you being asked to free up team members to focus on more value-added tasks, and less on transaction processing?

You’re not alone. According to research from the Association of International Chartered Professional Accountants and Oracle, finance leaders want to play a more influential, strategic role in guiding the business forward. The biggest barrier to achieving this goal? “We have to give our focus to core finance responsibilities, such as compliance and control.”

In fact, more than a third of respondents (37%) say their organization spends more time collecting data than analyzing it. That means less than half their time is spent uncovering insights, developing strategy, and working with business leaders to identify new opportunities.

The Promise of Emerging Tech

Emerging technologies such as artificial intelligence (AI), machine learning, and digital assistants offer the promise of automation, advanced insight, and more engaging experiences. Yet most finance professionals remain confused about emerging technologies and how they can be applied to the finance function.

Emerging technologies can improve the finance function in three primary ways:

  1. Improving productivity, efficiency, and engagement: Intelligent user experiences—such as finance software you can talk to—can simplify and speed up everyday tasks.
  2. Automating repetitive tasks: Automation not only reduces costs and improves accuracy, it liberates people from performing mundane work and allows them to focus on more strategic projects.
  3. Improve predictions: Machine learning can increase the accuracy of forecasting and budgeting which, in turn, supports more informed decision-making.

Understanding the Basics

Advanced technologies can open up exciting new opportunities for innovation in finance—and across the entire enterprise. To lean how, please join me for a webcast hosted by the Quest Oracle Community. You’ll learn about enterprise use cases for new technologies, and find out how Oracle Cloud can give your team an edge in today’s rapidly evolving digital age.

Register now for “Be Future-Ready. Outpace Change with Transformational Technologies.”

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