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AI-integrated financial systems can now reduce manual processing time by up to 80%, while improving the speed of month-end closings by 40%. This newfound speed is not simply about convenience.
Meanwhile, the 2025 AR/AP Automation Global Market Report shows that the AR/AP automation market is projected to grow from $2.24 billion in 2024 to $2.61 billion in 2025.
The 2025 Card Scheme Reporting Survey revealed just how much manual reporting is costing the industry. On average, companies lose nearly a full month (142 hours) ... Automation addresses these issues ...
In this article, Brex explains how AP automation works, the specific benefits it delivers, the most common tasks to automate, and how companies of all sizes are using it to transform their finance ...
The era of manual testing was defined by slow iteration cycles and slower response times. Now, all of that has been upended by intelligent automation. ... and provide clear reporting mechanisms.
ESM platforms expand these benefits beyond IT by using digitization and automation to reduce mundane manual tasks in HR, finance, facilities and other areas. “Not everything can be automated or ...
The 2024 report Condition monitoring in Dams reveals that automation is now at the forefront of this industry, driven by the need for improved efficiency, safety, and regulatory compliance. For ...
One recent winner is a workflow designed to automate CrowdStrike RFM reporting. Developed by Tom Power, a security analyst at The University of British Columbia, it uses orchestration, AI and ...
Moreover, the automation also reduced manual errors by 90%, thus significantly improving the reliability of financial reporting. This project had some very exciting outcomes in the measured terms.
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