The tech helping organisations manage their finances

The latest Deloitte UK CFO survey, for the third quarter of 2022, demonstrates just how badly external economic factors are impacting businesses. Some 91% of CFOs expect operating margins to decline over the next 12 months, and cost reduction and cash control are now their top priorities. Faced with these challenges, finance departments need to shift away from dealing with basic accountancy tasks, and instead become more strategic, identifying ways to add value to the business to ensure survival through the economic crisis. One of the best ways to achieve this is with technology that helps CFOs not only predict, forecast and plan, but also apply automation to reduce manual finance tasks. Through its enterprise performance management (EPM) and analytics technology, Oracle offers capabilities around planning, budgeting, forecasting and reporting, as well as risk management and automation.