Monthly Tangentia Byte
April 2023
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Month: April 2023
Beyond the Spreadsheet: How AI and RPA are Changing Financial Planning and Analysis
Beyond the Spreadsheet: How AI and RPA are Changing Financial Planning and Analysis
Artificial intelligence (AI) and robotic process automation (RPA) are revolutionizing the way businesses operate, and the CFO's office is no exception. In recent years, AI and RPA technologies have become increasingly sophisticated, making it possible for finance departments to automate a wide range of tasks and processes. This, in turn, is transforming the role of the CFO and helping businesses become more efficient, agile, and profitable.
One of the main ways that AI and RPA are transforming the CFO's office is by automating repetitive and time-consuming tasks. For example, AI-powered software can now extract data from invoices, process payments, and generate financial reports, all without any human intervention. This frees up finance professionals to focus on more strategic tasks, such as forecasting, risk management, and business analysis.
Another area where AI and RPA are making a significant impact is financial planning and analysis. By analyzing vast amounts of financial and operational data, AI algorithms can identify patterns, make predictions, and provide insights that would be impossible for humans to uncover on their own. This allows CFOs to make more informed decisions, develop more accurate forecasts, and identify opportunities for cost savings and revenue growth.
In addition to improving the accuracy and efficiency of financial processes, AI and RPA are also helping businesses to become more agile and responsive to changing market conditions. For example, by automating financial reporting and analysis, CFOs can get real-time visibility into the company's financial performance, enabling them to quickly identify and address issues as they arise.
Furthermore, AI and RPA are also helping businesses to manage risk more effectively. By automating risk assessments and compliance checks, finance departments can reduce the risk of errors and fraud, and ensure that the company is operating in compliance with regulatory requirements.
While there are certainly challenges to be addressed, such as the need for skilled workers to manage and maintain these technologies, the benefits of AI and RPA are too great to ignore. By embracing these technologies, CFOs and finance departments can transform their operations and help drive business success.
In conclusion, AI and RPA are transforming the CFO's office and helping to transform businesses. By automating repetitive tasks, improving financial planning and analysis, increasing agility, and managing risk more effectively, CFOs can free up time to focus on more strategic tasks, such as developing growth strategies and driving innovation. As AI and RPA continue to advance, the opportunities for finance departments to drive business success will only continue to grow.
It’s Time to See What AI Can Do for Your Business
Reach out to the Tangentia team to learn more about how TiA Core AI can help you combine the capabilities of AI with the humanity of your workforce.
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Zinnov Zones Report: Tangentia Among Strong Performers in Intelligent Automation and RPA Services
Zinnov Zones Report: Tangentia Among Strong Performers in Intelligent Automation and RPA Services
Tangentia, a global autonomous enterprise company, has been recognized as a strong performer in both the Intelligent Automation (IA) Services – Boutique Service Providers and Robotic Process Automation (RPA) Services – Boutique Service Providers categories by Zinnov Zones. This is our first analyst report. This recognition is a testament to our team's unwavering dedication, hard work, and innovative approach to delivering agile and impactful digital transformation solutions to our customers.
The Zinnov Zones report is an annual study that evaluates global service providers on their overall prowess and scalability in delivering intelligent automation and robotic process automation services. The report analyzed over 25 global providers and assessed them on various parameters such as market presence, innovation, capabilities, and customer feedback.
Tangentia's recognition as a strong performer in both the IA and RPA services categories reaffirms its commitment to delivering top-notch services and solutions to its clients. With over 1,500 global customers, Tangentia has a proven track record of providing innovative digital transformation solutions that drive business growth and efficiency.
Speaking on the achievement, Tangentia CEO, Vijay Thomas, said, “We are delighted to be recognized as a strong performer in both the Intelligent Automation and RPA Services categories by Zinnov Zones. This recognition is a testament to the hard work and dedication of our team and our focus on delivering value to our clients through innovation and customer-centricity.”
Tangentia is one of the leading providers of AI services, helping companies harness the power of AI. AI technologies such as Natural Language Processing (NLP), Machine Learning, text analytics, speech recognition, and language translation can help your company improve task automation and customer communication, boosting efficiency and saving money. AI involves the use of science and engineering to create intelligent machines that are capable of performing tasks that are generally performed by humans. We work closely with companies of any size to help them determine the best way to implement AI to improve automation and drive value.
RPA forms the foundation of digital transformation, making it possible to restructure business processes and information systems to bolster innovation and fuel growth. The modernization of enterprise is an ongoing endeavor that has only accelerated in recent years. Robotic Process Automation (RPA) is at the leading edge of this transformation, enabling organizations to digitize their processes and business operations at the deepest level. This frees up employees to become true innovators and contributors to company growth.
Get a free Proof Of Concept
Sign up for a free POC worth $5000 for RPA or for a review of your existing RPA and AI implementation. Book a discovery call with a member of Tangentia’s automation team today to find out more about what RPA can do for you.
Tangentia's expertise in intelligent automation and RPA services has helped businesses across multiple industries to automate their processes, reduce operational costs, and increase efficiency. With this recognition by Zinnov Zones, Tangentia further strengthens its position as a leading global digital transformation company.
The Future is Autonomous, and we remain committed to being partners for growth with the enterprises of tomorrow. As part of our mission to make businesses more agile, efficient, and competitive, we encourage them to Pursue the adoption of an Autonomous Digital Enterprise, which can streamline enterprise challenges and unlock game-changing possibilities.
