The greatest threat to productivity and accuracy for finance teams is spending too much time completing manual and repetitive tasks such as document management, moving data across systems, lengthy approvals and long closing cycles.

The good news is automation can transform these roadblocks and improve productivity. Adoption of automation technologies like Robotic Process Automation (RPA) and Cogntive Document Automation (CDA) is expected to increase. According to the Hackett Group, 56% of finance organizations have invested in automation to streamline their business processes.