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The Role of Financial
Automation in High-Growth Companies

Untitled_design__23_-removebg-previewThere is a perception in business that an organisation’s
financial team mostly handles back-office work
and is not a strategic part of the business. 

But, because of this misconception, the financial team has for far too long been an underserved part of the business when it comes to investing in the technology and processes to streamline and do our jobs more efficiently.

It’s not entirely surprising to read the headline-grabbing results of an Institute of Management Accountants survey:
  • Two-thirds of respondents say they still rely heavily on spreadsheets to do end of month reconciliations
  • It takes an average of seven days per month to close the books
  • More than two-thirds of financial professionals admit they face pressure from upper management to speed up the financial close process
  • Only one-fifth say they were satisfied with their closing processes
  • And, only a third of companies surveyed said they have automated some parts of the closing process

Adopting automation within the finance department doesn’t mean replacing the human component. On the contrary it means respecting them and allowing them to fully contribute to the growth of a company.

With an automation strategy, organisations can focus on what is important: taking care of team members, aligning finance goals with the company goals, bringing visibility to data, and turning that data into actionable insights.

Download this FREE 65-page Ebook to discover how automation with Workato can transform your finance team for the better. 

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