Emerging Technologies: Driving Financial and Operational Efficiency

How market leaders are managing change with cloud-driven innovation

Top Emerging Technology Statistics for Finance

Offload to the cloud:

92%

SaaS enablement:

92% of respondents see SaaS finance applications as enablers for the adoption of emerging technologies.

2:1

Prebuilt capabilities:

Organizations that add emerging technology capabilities to finance applications by purchasing prebuilt solutions outnumber those that build solutions by two to one.

Take advantage of emerging technology benefits:

37%

AI effectiveness:

Users of AI within financial systems report an average improvement of 33% in productivity and 37% reduction in errors.

4
Days

AI efficiency:

Organizations have reduced the time needed to complete the monthly financial close process by about four days on average thanks to the incorporation of AI into their finance systems.

88%

IoT ROI:

88% of organizations leveraging IoT data in their financial systems are achieving or exceeding ROI expectations.

83%

Blockchain ROI:

83% of organizations leveraging blockchain technology within finance applications expect a significant return within one year.

38%

Digital assistant efficiency:

Users of digital assistants within financial systems report an average improvement of 36% in productivity and 38% faster analysis capabilities.

Optimize finance team performance:

9.5x

Market-leading accuracy:

Emerging technology users are 9.5x more likely than those not using emerging technologies to have market-leading financial/operational metric accuracy (38% versus 4%).

Improve business outcomes:

58%

Grow revenue:

Aggressive adopters of emerging technologies for finance and operations have grown their annual revenues 58% faster than organizations not investing in any of these technologies.

80%

Grow profit:

Aggressive adopters of emerging technologies for finance and operations have grown their annual profit 80% faster than organizations not investing in any of these technologies.