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This slow pace to adoption is not sustainable. Robotic finance isn't a futuristic idea: The technologies are already here and will evolve rapidly over the next five years.
BEND, OR, April 16, 2018 /24-7PressRelease/ -- Ventana Research has launched its newest benchmark research into business and technological transformations in the Office of Finance. This research will continue previous research initiatives into the extent to which CFOs and finance departments are moving to a more strategic role in management of the company through use of technology. It will identify, explore and quantify key aspects of the future of the Office of Finance, including the finance department's mandate within the organization; how well or poorly it is performing and why; the challenges it faces; and the role of people, processes, information and software in addressing those challenges.
The benchmark research will deliver detailed insights into the thinking of executives and Finance to help understand key pain points and priorities for enhancing the capabilities and performance of Finance. We will assess the partnership gap between Finance and the rest of the business and identify where financial executives must focus their efforts to be able to take a more strategic role in corporate management. We expect this research program to educate both customers and internal staff, to deliver business opportunities and to gauge the receptiveness of benchmark participants to new technologies.
"Despite the potential that technology has created, not much has changed over the past 15 years," said Robert Kugel, SVP and research director at Ventana Research. "This slow pace to adoption is not sustainable. Robotic finance isn't a futuristic idea: The technologies are already here and will evolve rapidly over the next five years. The fast followers will have a very real advantage in utilizing robotic technologies because they will be ready to take advantage of technologies quickly. Those that pursue a wait-and-see strategy – and there will be many – will fall behind and underperform their peers."
Those interested in learning more about or participating in this benchmark research can do so at www.ventanaresearch.com/benchmark/office_of_finance/office_of_finance. Ventana Research, a leading business technology research and advisory services firm, provides qualified research participants with an incentive and a complimentary report from the benchmark research.
About Ventana Research
Ventana Research is the most authoritative and respected benchmark business technology research and advisory services firm. We provide insight and expert guidance on mainstream and disruptive technologies through a unique set of research-based offerings including benchmark research and technology evaluation assessments, education workshops and our research and advisory services, Ventana On-Demand. Our unparalleled understanding of the role of technology in optimizing business processes and performance and our best practices guidance are rooted in our rigorous research-based benchmarking of people, processes, information and technology across business and IT functions in every industry. This benchmark research plus our market coverage and in-depth knowledge of hundreds of technology providers means we can deliver education and expertise to our clients to increase the value they derive from technology investments while reducing time, cost and risk.
Ventana Research provides the most comprehensive analyst and research coverage in the industry; business and IT professionals worldwide are members of our community and benefit from Ventana Research's insights, as do highly regarded media and association partners around the globe. Our views and analyses are distributed daily through blogs and social media channels including Twitter, Facebook and LinkedIn. To learn how Ventana Research advances the maturity of organizations' use of information and technology through benchmark research, education and advisory services, visit www.ventanaresearch.com.
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