How businesses can automate financial reporting with AI-powered software

Last year, a move to remote working triggered a seismic shift in how businesses maintain operational productivity, particularly its finance segment. Digital processes became increasingly present with more finance departments leaning on AI's power to make data-driven decisions and gain a sustained advantage. Six months into 2021, digital transformation is still an ongoing, slow-moving process that hasn't been fully embraced by CFOs. Traditional financial reporting solutions like the ever-present Excel still play a significant role in a world where cloud-based systems efficiently and at scale fulfill demands for speed and transparency in financial reporting. In other words, businesses are lagging.