Finance Manager Be Autoamated-
Finance Manager – In the not too distant future, all of the tasks that are associated with the financial sector, such as data entry, the processing of documents, the preparation of statistics and reports, will be automated and simplified.
However, even the process of making Finance Managers decisions may be automated to some degree, provided that the decisions can be rationally determined.
The only tasks and procedures that will be left for the financial managers (FMs) to do are those that need a “human element,” such as…
1. Communicating with financial institutions and bankers in order to get more credit lines or loans.
2. Maintaining communication with governing bodies and regulatory agencies on tax issues, regulatory inquiries, and compliances.
3. Coordinating with various stakeholders on the outcomes of the firms and the choices regarding how the FMs may assist in the enhancement and expansion of the businesses on a local and worldwide scale.
To summarize, there will continue to be a need for financial managers; but, I anticipate that the accounting and finance teams will progressively become more compact and efficient over the course of time. One example would be that in the future, rather than having ten employees working in the Finance department, it could be sufficient to have no more than three employees.
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