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


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



  • 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

Gartner Recommended Reading

©2021 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client

Learn how to access this content as a Gartner client.