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A 2010 McKinsey study (which is helpful to read even today) of more than 1,000 major business investments showed that when organizations worked at reducing the effect of bias in their decision making processes, they achieved returns up to 7% higher. The cost of waiting to see what happens is well documented….
By 2010 the world was deep in the Great Recession and working hard on recovery. From recessions to booms and everything between, the finance landscape has changed immensely since the turn of the century. Deploying automation tools will serve as a launchpad, equipping finance teams with the necessary skills to handle AI workflows.
On top of managing the staggering cost of inflation, turbulence in the global market, and The Great Resignation, organizations are grappling with skills shortages. The strain is especially palpable for finance professionals in the construction industry. That’s a big drop in accounting professionals entering the labor force.
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