Why FP&A Teams Care About Workflow Automation
Gain visibility into finance and operations process inefficiencies with workflow automation.
FP&A pros have a clear understanding of the importance of workflow efficiency throughout the Finance organization but also throughout the organization in general. Inefficiency in critical business workflows, like approval processes, costs the organization real dollars and presents a substantial risk. FP&A teams often find themselves in the middle of process inefficiency and can even be tasked with solving these operational problems.
Think of a process as common as Capital Expenditure Requests. When the process is handled via emails, attachments, spreadsheets, etc., it's incredibly inefficient. Not to mention the risks of delays, improper approvals, and lack of visibility. The alternative is putting a process like this into a workflow automation system. By identifying and then automating all the processes that impact the organization's cash flow, FP&A teams can:
You can gain immediate benefits by automating your most critical processes, but why stop there? The more processes you automate the more efficiencies are created across the organization.
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