If your internal auditors are spending too much of their time collecting, sorting and storing evidence, you’re not alone. The Public Company Accounting Oversight Board (PCAOB) recently found that up to 40% of resources are spent on manual processes instead of high-value tasks like improving the quality of findings.
With cash flows squeezed by the dramatic slowdown many have faced as COVID-19 continues to spread, some firms are struggling for their very survival. Yet, I’m convinced that now—even in the midst of the pandemic—is the time to transform the way finance and accounting teams work.
COVID-19 is not slowing Asia’s march toward digitization, but companies must still adjust. Improving project and change management is a good way to both compete today and emerge stronger tomorrow.
They impact everything from bonds to loans to mortgages.
Although COVID-19 is still disrupting economies around the world, it’s not stopping the long-term trend of Asia’s rapid digitization writes RGP’s Asia-Pacific digital leader, Sachin Shah.
With business evolving at a breathtaking pace, finance leaders are under increasing pressure to optimize operations and deliver valuable business insights. See why automation is becoming a must-have tool for today’s CFO in this conversation with our VP of Finance Transformation, Andy Jones.
Robotic Process Automation (RPA) and Intelligent Process Automation (IPA) are clearly exciting propositions for many organizations today. The potential results are remarkable, but, analogous to Ahab’s travails in Moby Dick, the implementation and successful induction of automation can be a whale of an effort!