Finance Automation : Beyond Technology

ITESOFT webinar slides for 26.02.19.

Looking at the future of Finance Automation, considering the changes in the demographics of organisations, the importance of technology in recruitment, amongst many other themes.

1. 1   By 2020 “Millennials” will make up more than a third of global work forces…

2. 2 WELCOME Finance Automation: Beyond Technology

3. 3 John Stovold UK Marketing Manager Rory Coleman-Smith Marketing Project Manager Our speakers today…

4. 4   By 2020 “Millennials” will make up more than a third of global work forces…

5. 5 What has this got to do with Accounts Payable , Finance or even Automation ?  

6. Which demographic represents the majority in your AP team? 1. Mainly “Baby Boomers” 2. Mainly “Generation X” 3. Mainly “Millennials” 4. Mainly “Generation Z” POLL QUESTION:

7. 7 Arguably, Millennials are/will be the first generation that are truly digitally native.

8. 8 Automation is an effective recruitment tool. Not just allowing organisations to recruit the best and brightest, but to keep them.

9. 9 Generation Z are already stepping it up another gear… And are likely to continue to do so. Demanding more.

10. 10 Reducing mundane and routine tasks. Robots will assist , rather than replace.

11. If you, or your business has already invested in applications, has this given real term benefits to the team? 1. No investment to date 2. No return on investment 3. Minimal real term benefits 4. Yes, real term benefits POLL QUESTION:

12. 12 80% of those using AI and 78% using RPA say it frees employees from repetitive work.

13. 13 61% process 50% or more of their supplier invoices manually.  

14. Do you feel that removing the most mundane and repetitive tasks is worth real investment? 1. Yes 2. No 3. Unsure POLL QUESTION:

15. 15   86% of companies will be running purely on SaaS applications by 2022.

16. 16 Reduced operational costs Drastic reduction in set up cost and time Enables collaboration in decentralised teams Eliminates the burden of upgrades & maintenance Facilitates access to previously inaccessible data

17. Has your organisation explored, or invested in, SaaS applications? 1. Yes – in my department 2. Yes – not in my department 2. No 3. Unsure POLL QUESTION:

18. 18   2019 will be the year in which AI goes beyond the hype…

19. 19 Finance is the area most often found to invest in analytics in 79% of organisations.  

20. 20 Understand current and past performance, predict future performance and make smarter decisions .

21. 21 Save 1% on each order which allows an annual return of 18%

22. 22 The workforce of today is motivated by opportunities to develop and possess a sense of purpose with regard to their work.

23. 23 Questions?

24. 24 Download the 2018 PPN Annual Survey Report. “The Future of Purchase to Pay.

25. 25 We would love your feedback. Please do complete our exit survey.

26. 26 THANK YOU