Elevating Accounting in 2024 with FloQast
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Key Takeaways
⇨ Accounting departments are under significant pressure to operate efficiently and effectively, often turning to AI and automation for boosted productivity.
⇨ Business needs are constantly shifting, so organizations should prioritize solutions that are agile enough to meet demands.
⇨ The digital transformation journey to SAP S/4HANA is a perfect chance for them to evaluate workflows and overhaul ineffective ones.
Accounting departments are under significant pressure to operate efficiently and effectively. One of the most buzzed-about trends in accounting is the use of AI and automation to improve workflows, minimize compliance risk, and remain agile. Automation adoption has been uneven across the business world, as enterprise-level companies tend to be a bit more conservative about deploying automated solutions, whereas smaller and mid-sized businesses are keener on embracing it. This is largely driven by need, as smaller accounting teams often must do more with less. In this article, you will learn about some of the concerns keeping companies from fully embracing advanced offerings, and the best techniques they can utilize to infuse AI and automation into essential processes, with the help of experts like FloQast.
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