By automating finance, CFOs can embrace more strategic role — IBM study - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 68%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Fewer than 10% of finance-related activities are dedicated to analysis and action that support decision-making, according to a study on the role of the chief financial officer (CFO) by technology firm IBM. READ:

Fewer than 10% of finance-related activities are dedicated to analysis and action that support decision-making,. Instead, many activities are low-value and transactional.

“Freeing up the time to work on strategic challenges is an issue for finance organizations,” said Natalie Pia H. Azarcon, managing partner at IBM Consulting, IBM Philippines, “especially if finance doesn’t have the right tools and systems needed to automate traditional work, such as making payments, closing books, and the like.”

“Half of the finance department’s time continues to be spent on transactional activities, which have remained relatively consistent across IBM’s 18 years of research,” said Ms. Azarcon., can be leveraged to automate and eliminate low-value and transactional activities, thereby freeing up the time to drive deeper business insights and better business outcomes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines