Unleash the Power of Robotic Process Automation (RPA): Achieve Accuracy, Timeliness, and Unlock the Potential of ML Forecasting
In today's evolving business landscape, finance teams are under constant pressure to deliver accurate and timely financial reports, forecasts, and insights. However, manual processes and outdated methods can often lead to errors, delays, and siloes, hindering your organization's ability to make informed decisions and stay ahead of the competition. At Digital Fortythree, we understand the challenges finance professionals face, and we're here to offer solutions that can revolutionize the way your team works. By leveraging the power of Alteryx and our finance automation expertise, we can streamline and automate your manual processes. This enables you to achieve unparalleled accuracy, timeliness, and unlock the potential of machine learning (ML) forecasting.
Accuracy: Eliminate Human Error, NOT the Human
Manual data entry and calculations are prone to human error, which can have severe consequences for your financial reporting and decision-making processes. Even more, correcting those errors takes additional time and resources away from analyzing the data and speaking with stakeholders. With Alteryx, you can automate these tasks while building in checks and balances along the way. This can help reduce the risk of errors and ensuring consistent, reliable results every time. Additionally, since the process is automated, running the process should take minutes opposed to the traditional measure of days. Our approach can take your existing excel files (or other sources) and extract and transform the data into an appropriate structure. Once this is accomplished, your in a position to drive reporting and decision making becomes a breeze.
Timeliness: Accelerate Financial Reporting & encourage more Analysis
Time is of the essence in the finance world, and delays in reporting and analysis can have significant impacts on your organization's ability to respond to market changes. Often times Finance is dependent on accounting to close and audit the books before reporting can begin. By automating your processes with Alteryx, this no longer becomes the case. As data becomes available it can be processed and saved for future use. Imagine that revenue is approved on Day+1, yet expenses are still pending approval. Traditionally, Finance may wait for the final results to begin their reporting process. However, if the revenue process is automated, then downstream analysis does not need to be held up. As other data products become available (i.e. Expenses, Residuals, etc.), these processes can also be kicked off and further downstream analysis can occur.
Unlock the Potential of Machine Learning (ML) Forecasting
As your organizational needs grow and data volumes increase, traditional forecasting methods may no longer be sufficient to provide accurate and reliable insights. Also, this exercise may take sufficient bandwidth from other activities such as business partnering. Alteryx's advanced analytics capabilities, combined with our finance automation expertise, open the door to machine learning (ML) forecasting. If you unlock historical data from spreadsheets and transform it into a structured format, it can lead to predictive power.
As humans we are great at understanding context, identifying anomalies in revenue cycles, and using our judgment on biller performance or potential customer acquisitions. Yet we are incredibly ineffective at finding patterns in large sets of data. However, computers make up this deficiency extremely well. By leveraging models native in Alteryx, we can combine our human knowledge with our machine’s powerful algorithms.
Why Partner with Digital Fortythree?
At Digital Fortythree we have experience in both realms. We started our career in spreadsheets and understand the pain points associated with supporting an organization’s many needs. We also spent our later years leveraging technology and automating processes using Alteryx. To take things a step further, we refined our visualization skills to drive adoption of insights through dashboards. We believe we are perfectly positioned to help any finance organization achieve a path to advanced analytics and better decision making.
The future of finance is here, and it's driven by automation, accuracy, and the power of machine learning. Are you ready to be a part of this revolution? Let us connect and start building the future of finance together. Reach out to our team today!
