While some finance back office teams have remained stagnant in updating their processes, other finance teams and companies leverage AI to revolutionize their finance processes and achieve greater efficiency and success.
The benefits of leveraging AI automation in the finance office are numerous. With automation and Intelligent Applications, finance teams will see increased efficiency as various financial activities will be processed and reconciled quicker and more accurately than ever before. The likelihood of human error is also significantly reduced with automation and Intelligent Applications, ensuring compliance and accuracy in financial functions.
With automation taking on the more tedious and mundane back-office activities, CFOs and finance professionals are able to dedicate their time to performing value-added functions and taking on a more prominent role in the strategic decisions of the department. AI’s ability to process large amounts of data in real-time adds another benefit for finance professionals with increased speed to reach more accurate insights and make better-informed decisions. This helps to drive better business outcomes and more robust cash performance.
So, now that you’re convinced it's time to transform your back office and embrace the future of automation, what’s the next step?
It’s time to lean into your ERP systems.
ERP systems are crucial for any fast-growing business. Not only do they allow you to keep up with consumer demands, but they also help to optimize your processes, increase efficiency, and improve your access to data.
Auditoria and Workday have teamed up to make it easier than ever for finance teams to move beyond transactions.
Auditoria seamlessly integrates with Workday Financial Management and leverages Intelligent Apps to automate complex finance and accounting processes. Auditoria and Workday produce the most impactful solutions to propel corporate finance forward.
Workday recognized the increased need for AI and ML innovation in the office of the CFO to accelerate and automate finance and accounting processes.
We’re proud to be an investor and partner with Auditoria.AI, as they set a new standard for the intelligent enterprise with large language models, GPT, and related natural language technologies
Andrew Kershaw
General Manager
Workday Financial Management
With Auditoria and Workday, finance teams will automate monthly vendor accruals and accurately generate journal entries for quicker monthly closings.
Auditoria’s integration with Workday enables finance professionals to automatically collect payments and apply them to open invoices in Workday. It also allows them to use reporting and analytics to gain real-time insights into cash flow performance.
Once you embrace automation with Auditoria and Workday, the impact will be game-changing.
Auditoria’s AI-enhanced SmartBots automate complex finance workflows while collaborating and engaging with the company’s customers, suppliers, vendors, and internal stakeholders.
The results of Auditoria SmartBots paired with Workday Financial Management are impressive, as AP and AR teams recover 1000s of hours previously spent on manual tasks. And this is just the beginning.
The results of Auditoria SmartBots paired with Workday Financial Management are impressive, as AP and AR teams recover 1000s of hours previously spent on manual tasks. And this is just the beginning.
Working seamlessly with Workday, Auditoria’s SmartBots come pre-trained to the level of junior accountants that understand finance and accounting terminology to execute administrative tasks on behalf of the AP team. Auditoria’s AP Helpdesk, partnered with Workday, streamlines the AP shared inbox, resulting in improved customer serviceability by more than 75%, an increased response rate by 80%, a minimized risk of vendor fraud by 50%, and an improvement of more than 50% in AP productivity.
Auditoria’s AR Helpdesk integrates with Workday Financial Management data to automate redundant and manual monitoring of the shared AR email box. Data gathered from interactions is captured with reporting, allowing analysis and insights to derive greater visibility of cash position. Our partnership with Workday streamlines the AR shared inbox, resulting in improved customer serviceability by more than 65%, an increased response rate by 80%, and more than 60% in productivity improvements.
Improved efficiency, accuracy, and data management allow finance professionals to gain time to focus on more value-added business activities.
That is the power of our partnership with Workday.
Together, we are helping finance office teams seamlessly embrace digital transformation across the industry, allowing CFOs and other finance professionals to focus on value-added business initiatives.
Interested in learning more about this partnership?
Join our Lunch & Learn interactive live demo to explore what everyone is talking about – enhanced AI-based automation for AP and AR teams using Workday Financial Management data.
Discover how Auditoria and Workday’s partnership allows you to take back your inbox and embrace new ways of working by downloading our solution brief or visiting us at Auditoria.ai.