Gartner Research

New Technology Will Modernize Your Financial Close Application Strategy

Published: 27 February 2018

ID: G00346324

Analyst(s): Christopher Iervolino , John Van Decker , Robert Anderson

Summary

Through to 2023, new technologies such as artificial intelligence, machine learning and robotic process automation will improve and potentially transform financial close processes. Application leaders need to plan for these new technologies in their FC application strategies.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • AI, ML and RPA Will Transform FC Processes
  • Build a Holistic FC Application Strategy
  • FC Capabilities Will Be Embedded in Core Financial Management Application Suites by 2023
  • FC Vendors Will Increasingly Develop Partnerships

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