Unlock the power of hyperautomation for financial management processes
Technology research and consulting firm Gartner coined the term “Hyperautomation” in 2020. In a nutshell, it describes a business-driven approach to automating as many business processes as possible using multiple technologies.
Hang on, business-driven and using multiple technologies? That sounds a bit contradictory, doesn’t it? Let’s dissect what the concept means for financial management.
So, you are a decision maker in financial management, or you are working in IT and some of your stakeholders are. Then you are probably using core financial management solutions like SAP S/4HANA HANA Finance or SAP Cash Management, which deliver best practice processes to ensure maximum efficiency. Yet, there are manual or semi-automated steps or tasks that either precede or follow system transactions. For example, matching unidentified payments in contract accounting. Information extraction from PDFs or other unstructured data sources in invoice processing. Structuring and digitizing your capital expenditure process. Or identifying improvement potential in your accounts payable process.
All you need is a technology platform that allows you to extend your core solutions using multiple technologies like artificial intelligence, business process intelligence solutions, or low-code/no-code application development and automation solutions. OK, not all at once. Unless you really want to. You really want to.
But you can start small innovating financial management using new technologies. Incremental projects that aren’t rocket science. Increase your automation rate yielding immediate results. Leverage your existing investments in SAP financial management software. And gain experiences on which to build your journey to hyperautomation.
To get started on your journey, please listen in on our LinkedIn Live conversation:
How Hyperautomation Benefits Financial Management
Tuesday, September 29th
And starting September 29th, you can discover tangible automation scenarios enhancing your enterprise applications in financial management. Five guided demos, each highlighting one specific scenario, showcase how process automation technologies by SAP help solve a particular challenge in financial management.
Hyperautomation Community Series
Hyperautomation for Financial Management
Guided demos will be available starting Tuesday, September 29th