2023 State of Automation in the Finance Office Report:
Full Throttle for Finance Automation 

We Feel the Need for Speed.

Rev up finance operations with automation, leaving manual processes behind. The results are in for the fourth annual State of Automation in Finance Report.

Hundreds of accounting and finance professionals helped create the most comprehensive survey of  finance-office automation which highlights the need for finance teams to embrace automation, similar to a high-performance race car that relies on the latest technological advancements to win. 

Our survey found that many finance professionals struggle with time-consuming manual tasks, overloaded inboxes, and delayed responses. 

Some of our key findings include: 

1. Finance is embracing AI. With 40.4% of finance professionals emphasizing process enhancements and 32% highlighting AI and Machine Learning as the top technology trend, it’s clear that automation is here to stay. 
2. AP & AR top the list of most manual work. Accounts payable and receivable were ranked as having the most manual work for the fourth year in a row. 
3. Finance understands the need for advanced technology. While robotic process automation (RPA) set the stage for AI, it’s time for AI to be in the spotlight, as only 10.2% believed that RPA will make an impact this year.