The Artsyl team is excited for Oracle and JD Edwards partners and customers heading to Las Vegas for Collaborate 18, April 22-24. It’s amazing to see how many session topics at the event focus on the potential for firms to capitalize on the cloud and then take the next step to harness big data, embrace business transformation and take advantage of the latest innovations in machine learning and AI to automate and improve business processes.
Oracle has been a big proponent of the potential for those new innovations to engender a new generation of agile finance teams. A recent whitepaper from the American Institute of CPAs (AICPA) and Oracle highlights how companies with agile finance teams have a positive impact on business results, demonstrating more success when launching a new product or service, and reporting positive revenue growth more often than their less agile peers.
Agile finance functions have high-performing teams that are responsive and flexible, embrace digital technologies, automate many end-to-end finance processes, and invest in analytic and strategic skill sets.
The research also found that agile finance teams empower their leaders to be more effective by delivering forward-looking analyses to identify new business opportunities.
A new operating model for finance and technology
At Artsyl Technologies, we have witnessed first hand the kind of transformation that companies can experience through digital transformation and business process automation. Companies that partner with Artsyl and adopt digital transformation technology to automate their processes often justify their investments by quantifying their return on investment though efficiency gains and cost savings.
Ultimately, digital transformation technology empowers their organizations to become more agile, leading to frictionless scalability and process transparency, so that finance and operations can contribute to, rather than inhibiting business growth.
The future is here for finance professionals
While many Collaborate18 topics may sound like science fiction, or like the breathlessly optimistic work of a technology consultant, the MOST exciting thing is that the future they describe is NOW and underneath a lot of hype, there are real world success stories.
Artsyl Technologies customers are able to build the foundation for this future by transforming all of their unstructured data and documents into information that can fuel automated processes and deliver timely data to their analytical systems. Typically, low-level functions like accounts payable or sales order processing become the entry points for robotic process automation that streamlines and automates inefficient, manual processes.
Digital transformation platforms like Artsyl’s docAlpha intelligently extracts data from paper and digital documents, connecting to ERP systems like Oracle and JD Edwards to validate information and automate approval workflows and transaction data entry. This results in timely access to business data and greater process visibility and control.
Once a platform is in place and a model for automating one or more processes has been established, it can become a springboard for enterprise-wide automation and digital transformation.
To learn more about how companies are embracing technology to automate their business processing to become more agile and more effective, contact your Artsyl Technologies representative and request a demonstration of the docAlpha Digital Transformation Platform.