Technology reshapes businesses with new products, as AI continues to give businesses a competitive advantage as well as cost and time savings. We offer Artificial Intelligence-driven automation solutions for corporate finance teams, helping organizations to be more efficient and competitive by accelerating key finance processes, increasing business visibility, and improving compliance using leading-edge artificial intelligence and machine learning technology.
The new SaaS solution that addresses the most pressing bottle necks of the finance back-office. By leveraging NLP, AI, and machine learning, our platform removes friction and repetition from mundane tasks while also automating complex functions, such as accounts receivables, collections, invoice accruals, and predictive analytical forecasting. Our software delivers AI-driven workflows and decision support across massive volumes of enterprise data, augmenting finance teams with intelligent automation to execute business processes, provide rapid insights, and respond to customer needs.
Our innovative technology allowed us to stand out from the competition, along with our seamless integrations and their ERP vendor of choice. Together, the cutting-edge automated system uses both artificial intelligence (AI) and Computer Vision to streamline incoming invoice processing and bank reconciliations.
The new normal survival:
During times of crisis how important is the role of finance ?
The COVID-19 pandemic amplified what many in the back office already knew—technology is an indispensable element for business success.
Despite the pandemic accelerating digital transformation across offices and departments, the corporate finance back office has remained essentially unchanged, with mind-numbingly manual processes taking up a large part of a finance professional’s day.
We aim to change this narrative as our software seamlessly integrates into the fabric of finance teams. Our intelligent bots, dubbed SmartFlow Skills, automate simple and complex financial tasks. These tasks include vendor management, collections, and cash flow forecasting. The bots autonomously and efficiently run finance processes and bring in the human operator as needed. This sophisticated level of intelligent automation allows finance to focus on higher-level business objectives that clarify the “new normal” of the business.
Additionally, in the current climate, when so many business patterns have been disrupted due to the pandemic, it’s more important than ever for organizations to have sharper insights into corporate finance. Our software allows seamless insights and visibility into all aspects of the finance function, from accounts receivable delays to customer payment trends.
While early ERP applications were once thought of as the silver bullet in the world of corporate accounting, they were never intended to serve as anything more than the system of record for financial data. Modern cloud-based ERP offerings allow teams to accomplish far more than ever before. However, several of these applications don’t provide the level of sophisticated automation necessary within finance and accounting teams today.
As a purpose-built solution for corporate finance, our platform is a layer on top of industry-leading ERP applications to deliver cognitive AI-driven automation for the modern finance back office. We connect directly with the API within the ERP system to provide a frictionless SaaS deployment that is up and running in minutes. Our customers can supercharge their ERP deployments with streamlined automation and innovative recommendation analytics.
We will continue to feel the ripple effects of the pandemic for years to come. However, as I mentioned above, one significant benefit is the vast acceleration of technology adoption across industries.
I foresee the corporate finance function continuing to adopt technology solutions to automate both simple and complex back-office processes. As more corporations embrace technology and automation, the corporate finance function will play an even more prominent role in strategic growth conversations. Finance leads can forge insights-driven relationships within their respective organizations.
There will come a day when CFOs have a fully autonomous back office. This hands-free back office will completely revolutionize and elevate the corporate finance and accounting functions, and finance teams and businesses will reap the benefits. AI-powered automation will transform the finance back-office and allow CFOs to harness the data and processes with their ERP system to work smarter—while enabling continuity and resiliency across the organization at large.