Finance and accounting
A majority of finance processes, from 50 to 90%, can be automated. Executing procure to pay, order to cash and record to report processes can be done in minutes. If you are not using finance process automation, now is time to start.
Key finance-related tasks, like accounts reconciliation, journal entries, and preparing financial statements get performed with minimal human intervention so your employees can pour their time into analyzing financial trends.
While humans can have a hard time spotting fraud in a large database of transactions, artificial intelligence can identify the crime in no time. AI also spots anomalies within a fast rate so potential human errors are minimized, like giving your supplier a reason to smile because of overpaying your usual order seven times.