The Effects Of Digital Transformation On Internal Controls

In the digital economy, change is rapid and often unexpected. Technological and business-model innovations are disrupting market dynamics, while economic and geopolitical uncertainty injects a whole new level of volatility into the business environment. Companies that fail to address both challenges risk the erosion of their competitive advantage. The Hackett Group's research indicates that finance executives are looking to smart automation to tighten controls while at the same time enhancing their agility. With tools like robotic process automation (RPA) and AI-enabled analytics, they are beginning to automate compliance monitoring and remediation activities.