Proof Point
Majority of companies in 2018 KPMG survey are leveraging some level of automation technologies to transform their finance functions
Companies Using Automation Technologies to Transform Finance Functions
July 2018 (percentage)
| Note: | Data from KPMG’s 2018 Employing Advanced Technologies to Transform Finance survey of 1,000 professionals and 1,250 EPM professionals within KPMG’s global network of independent member firms operating in 154 countries and territories last July 2018 |
Proof Point Findings
- Automation Technologies – Collective set of technologies including machine learning, artificial intelligence, cognitive computing, robotic process automation, data and analytics, cloud, master data management, enterprise resource planning, and enterprise performance management used to automate business processes
- Automating Companies – 68% of respondents surveyed by KPMG are working on some level of automation to overhaul company’s finance functions in 2018, of which 43% are still exploring proof of concepts to better understand its application
- Other Technologies Used – Some companies are also moving to cloud platform (13%), as well as using intelligent automation intelligent for labor and profit efficiencies (10%) and optimizing end-to-end processes (3%)
- Key Growth Drivers – Include exponential advances in digital technologies, proliferation of automation applications across different sectors, growing demand for business process automation to increase productivity and efficiency, and intensifying competitive environment
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Accelerator |
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Business Model and Practices Business Model |
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Sector |
Cross-sector
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Function |
Accounting and Finance
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Source |
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Date Last Updated |
February 1, 2019
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