Automation
Top 5 Benefits of Contract Automation in 2024
Organizations are motivated to maximize the benefits of contract automation since two-thirds have set up financing, particularly for contract technology tools. Companies that expect to streamline their contract management operations need to understand the benefits of contract automation technology. Thus, this article covers contract automation and its top 5 benefits.
Top 5 Benefits of Automating Your Financial Reporting in 2024
The biggest downsides of a manual reporting process are that: To overcome these challenges, accounting teams can automate the entire reporting process by deploying a financial reporting automation solution. In this article, we’ll explore the top 5 benefits accounting teams can achieve by moving away from paper-based reporting and implementing an automatic counterpart. 1.
Top 4 Technologies that Automate Insurance Underwriting (2024)
The insurance sector is experiencing rapid change with the proliferation of insurtech companies that are using technologies such as digital twins, blockchain, cloud computing and more to improve core insurance practices like underwriting, claims processing and fraud detection. This forces incumbents to search ways to adapt to this competitive environment.
5 Reasons For Intercompany Accounting Automation in 2024
Intercompany accounting is an accounting practice of reconciling payments between two subsidiaries of a parent company. During the financial close manually Sorting through transactions Cross-matching transactions Eliminating duplicates and erroneous transactions Can be time-consuming and erroneous, especially if there’s limited visibility into them.
5 Ways RPA Enables Accurate & Insightful Compliance in 2024
Compliance efforts are necessary practices to ensure that a business is keeping up with internal and external regulations and policies, which helps businesses detect violations and fraud, and avoid fines and lawsuits.
3 Steps to Get Buy In For RPA in 2024
The RPA software market revenue is estimated to reach $1.8B by the end of 2021, and a Deloitte survey revealed that 53% of organizations have already started their RPA journey. However, convincing your business leaders and decision makers to get RPA into your company may be a difficult task.
Improving your Business Through Web Automation in 2024
The global market for web-based applications projects a significant increase in the next few years, so more companies are opting for web-based software to better manage their businesses. However, working with these applications requires employees to perform repetitive yet essential tasks weekly, daily, or even hourly. These tasks can often lead to human errors (e.g.
4 Types of Report Automation Tools in 2024 & Selection Tips
Reporting is a critical task in businesses which ensures that critical data is available to stakeholders so they can analyze past performance and predict future trends.
What is Workload Automation ? 5 Reasons to adopt in '24
Automation is a critical step in business digital transformation. To address this need, vendors are providing automation solutions in numerous categories like workload automation (WLA), enterprise job schedulers, IT automation software, IT process automation, data warehouse automation, robotic process automation (RPA), etc. The proliferation of automation categories and the amount of tools makes the selection of the right tool difficult.
Automation Testing Tools in 2024: Code-based, Robotics & AI
According to a 2017 survey, ±87% of development teams have adopted some level of test automation. Choosing the right tool is one of the first steps in automation testing. 70% of developers state that they use open-source tools like Selenium or Appium, while 52% use automation via frameworks.