Modernizing financial processes with innovative technologies and automated self-service analytics in the cloud
Alteryx has announced decision intelligence and intelligent automation capabilities on Amazon Web Services (AWS). These capabilities are aimed at enabling chief financial officers (CFOs) and finance leaders to use cloud and data analytics strategically for modernization goals.
“Analytic insights help us tailor digital transformation solutions based on our clients’ needs to achieve the greatest impact for their business,” said Ana Margarita Albir, President at ADL Labs. “Leveraging Alteryx and AWS, we are able to integrate capabilities across any data source, visualize and analyze data in real time, and enhance security, resulting in an estimated $6 million in cost and efficiency savings for both ADL and our clients.”
In the field of finance, changing regulations and manual processes often lead to repetitive tasks and time-consuming data input. Alteryx’s intelligent automation capabilities on AWS address this by modernizing processes within finance teams. This enables them to deal with complex data challenges and adapt to evolving market conditions. Key points include:
- Impact the bottom line: Analytics automation substantially reduces time spent on manual processes, allowing analysts to focus on strategic projects that drive business growth.
- Modernize with new technologies: Alteryx leverages AWS to create an environment where technologies like machine learning, AI, robotic process automation, data science, and blockchain meet. This empowers CFOs to swiftly adopt and deploy new technology. For instance, finance teams relying on outdated tools for calculating sales tax liability can transition to automation and implement alerts for incorrectly taxed transactions, freeing up resources for higher-value activities.
- Gain data-driven insights at scale: Alteryx facilitates an automated process for connecting and combining diverse data sources. This enables finance teams to quickly process and transform large data sets, generating reports in a fraction of the time.
- Digitally upskill across finance: Alteryx provides a self-service, low-code/no-code environment that enables analysts and business users to quickly enhance their skills in data and analytics, while leveraging the scalability of AWS.
“Businesses globally are looking to automate for efficiencies and drive deeper insights to quickly respond to multifaceted challenges and dynamically changing landscape,” said Nitin Brahmankar, Vice President, ISV and Global Ecosystem Partnerships, Alteryx. “We are working with AWS to empower finance teams to leverage the power of the cloud and modernize financial processes to perform critical analysis that truly matters to their bottom line.”
With Alteryx Analytics Automation powered by AWS, finance teams can innovate and modernize tax and audit processes with automated self-service analytics that streamline and accelerate traditional compliance work, said Madhu Raman, Worldwide Head of Automation at AWS.
“Organizations can benefit from templates that help data analysts and line-of-business users to use, customize, extend, and integrate enterprise data with intelligent automation workflows that assist with record to report, procure to pay, and order to cash processes,” Raman said.
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