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Platforms like Hitachi iQ enable advanced financialmodelling and anomaly detection, while automation has reduced the burden of reconciliation and regulatory reporting, allowing teams to focus on strategic decision-making."
For finance leaders, Gen AI can help in cash flow projections, impact analysis for tax strategies, forecast outcomes for mergers and acquisitions and even various scenarios of capital planning. For management, Gen AI can help with scenario planning and decision-making analysis.
"Over the last several years, technologies like Robotic Process Automation and Intelligent Document Processing have streamlined invoice processing, expense management, and reconciliation tasks, resulting in reducing errors and freeing up finance professionals to focus on strategic decision support rather than administrative work," he says.
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