CFOs: Embrace Machine Learning to Move Beyond the Spreadsheet

A decade ago, IT systems were constructed to oversee a company's finances. While they could balance the books and provide valuable information over time, the manual process of reviewing Excel spreadsheets wasn't timely, left room for error and could take months to review and develop projections. With the role of finance shifting to encompass business strategy and leadership, machine learning's value lies in a CFO's ability to gain control and use analytics to support efforts to transform the business. In today's unprecedented era of economic and regulatory volatility, CFOs need access to real-time financial information to ensure they are making informed decisions to strategically manage an organization's day-to-day operations. Automating financial processes brings the flexibility needed to move beyond the annual budget cycle to deliver insights and inform decision-making on demand.