6DECEMBER 2020Managing EditorSarah DawsonAaron Pierce Ann Bennis Antony MosesVisualizerAlbert RozarioSalesSarah DawsonManaging Editoreditor@cfotechoutlook.comRichard Watsonrichard@cfotechoutlook.comEditor's NoteContact Us:Phone:510-556-2280 Fax:510-894-8405Email:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com December - 10 - 2020, Vol - 06, Issue - 09 (ISSN 2644 - 2841)Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Editorial StaffAva GarciaJoshua Parker Paul BarberJoy ParkerCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffThe world of finance and accounting (F&A) has evolved tremendously over the last several decades. Organizations have moved from manual records to computer-based records with built-in controls that can seamlessly track human intervention at any stage. While these controls facilitate detecting audit trails, the drawback is, they may not necessarily mitigate the underlying risks. To that end, enhanced automated controls within accounting and transaction-recording applications can help control risk much before they materialize. F&A processes are subject to a broad set of risks, stemming from factors, including, fraud, human error, and misjudgement. To that end, enterprises must not only adopt a variety of automated controls to combat risk but also advance to a proactive approach that reduces the incidence of errors or focuses on them well before the point of impact.In addition, the growth in structured data fueled by ERP systems, combined with the declining cost of computing power, is unlocking new opportunities every day. That being said, capturing the remainder of the opportunity requires advanced cognitive-automation technologies, like machine-learning algorithms and natural-language tools. From speeding up the underwriting process, model validation, robo-advising, portfolio composition and optimization, and market impact analysis to offering alternative credit reporting methods, the different use cases of AI and machine learning will significantly impact the financial sector.The future for automation is bright in the financial landscape. With new innovations, intuitive upgrades, and an emphasis on easy controllability, the horizon is rife with growth and evolution that is sure to benefit the everyday lives of all the stakeholders involved for a long time to come. In this edition of CFO Tech Outlook, we bring you the story of some of the most successful financial control and automation service/consulting companies that are leveraging innovative technologies to facilitate the best outcomes for their clients. This edition also offers a combination of thought leadership from subject matter experts with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the partner that best fits your business requirements.Let us know your thoughts!Kicking Complexities Out of the Financial Process
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