Meeting challenges, reducing risks

Awareness of the opportunities and challenges of automation is more widespread among Masters than Novices.

For Novices, automation poses a series of “soft,” people-oriented issues, such as limited knowledge of the tools and practices available, a general lack of relevant skills, and insufficient understanding of the benefits that automation can bring.

For Masters, however, the main concerns are technology and data-specific obstacles. This suggests that the greater a finance team’s automation progress, the more likely it can satisfactorily address knowledge and skills concerns, and overcome the burden of legacy infrastructure.

But what are some of the other challenges and risks associated to automation, and why should senior finance leaders clearly communicate the aims and opportunities of their automation strategy to their employees?

 

Related Posts

banking

In wake of disruption from multiple fronts, banks face new realities

Salta, Carlos
Date icon September 21, 2018

Digitally-empowered customers now expect banks to proactively identify their needs and...

Fail to prepare for digital transformation, and you’re preparing to fail

Chris King
Date icon September 20, 2018

I’m passionate about Service integration because I’ve seen how organizations can struggle to...

automotive

Industry 4.0 and Automotive

Nick Gill
Date icon September 20, 2018

Automotive companies are coming forward with industry 4.0 rollouts. But is it yielding good...

cookies.

By continuing to navigate on this website, you accept the use of cookies.

For more information and to change the setting of cookies on your computer, please read our Privacy Policy.

Close

Close cookie information