Author: Ralph Weiss, Blackline

In a study by BlackLine, 37% of managers and finance professionals surveyed in Germany stated that artificial intelligence (AI) improves automation and accuracy. A further 34% are convinced that AI optimizes the analysis of historical financial data and forecasting capabilities.

Clean Core in conjunction with Cloud ERP is the new benchmark for a well-implemented architecture that combines the highest standards of security, flexibility and innovation in one approach.

The many changes in business, technology, politics, and society can make you think. And the more innovations there are, the greater the desire for orientation and clarity.

Trust is a great asset that is more easily gambled away than won. This makes it all the more pleasing that German managers and financial professionals' confidence in their companies' financial figures has increased in recent years.

In uncertain times, it is important to know who or what you can rely on. This makes it all the more pleasing that German managers and financial professionals have increased their confidence in their companies' financial figures in recent years.

In recent years, automation in controlling as well as in finance and accounting (F&A) has become a major topic, especially since automation lays the foundation for many new additional possibilities to better structure accounting.

Digitization is taking hold in all business areas and is being driven forward massively in most industries. There is a need to catch up in this respect in the financial organization, where too little has been invested in automation in recent years.

Processes such as supply chains, warehousing, operations, trading, reporting, manufacturing, human resources, and especially finance converge in the central ERP like nerve cords in a brain. Ergo, companies strive to maintain this core tool, keeping it up to date and transforming it to a new level when necessary.

Valid financial figures and realistic forecasts are a top priority for companies. If you want to meet this demand, you have to establish end-to-end processes and ensure that everything meshes when it comes to automation.

The consequences of patchy digitization and how BlackLine's holistic approach to automation is making a difference to corporate finance departments.

The pressure to which companies and their employees are exposed is enormous and will continue to increase. Anyone who ignores this situation and assumes that they will just have to work all the harder is wrong.

Automation and modern processes create the necessary flexibility and agility in finance and accounting to support the business with valuable data. This is made possible by scalable cloud technology, which also facilitates hybrid working.