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ARTICLE · 02 SEPTEMBER 2020

COVID-19 Imperatives And The Future Of Finance Function: Data Analytics And Process Automation

Andersen in Nigeria
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There is no doubt that COVID-19 has triggered some new thoughts on how businesses are conducted all over the world.

NigeriaFinance and Banking
Lateef Surakatu
Lateef Surakatu
Eniola Agbaoye
Eniola Agbaoye
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There is no doubt that COVID-19 has triggered some new thoughts on how businesses are conducted all over the world. One of such thoughts is the redefinition of the finance operations landscape, predominantly regarded as back office functions, characterized by routine and largely backward-looking transactions processing, bookkeeping and financial reporting. However, this approach is changing in the light of COVID-19 which necessitated virtual working; agile financial management which relies on predictive data analysis, changes in operating model for value creation and organisation growth. Indeed, the future of finance function is here, powered by emerging technologies such as:

  • Artificial intelligence (AI);

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