The digitization of financial processes has accelerated worldwide, but there is still work to be done… and that’s a good thing!

According to an analysis by the McKinsey Global Institute, with current technologies, approximately 40% of financial processes can be fully automated, and an additional 17–19% can be largely automated. This means that more than half of financial operations could potentially be automated using technological solutions. (McKinsey & Company)

In practice, however, most companies are still far from achieving this. According to a McKinsey CFO Pulse survey, only 1% of companies have automated more than three-quarters of their financial processes, meaning that most organizations still have significant room for improvement. (cfo.com)

At the same time, the trend is clear: financial executives are increasingly turning to technological solutions. According to a 2024 Gartner study, 58% of financial organizations already use some form of AI or automation solution, and for many organizations, intelligent process automation is the most important area of application. (gartner.com)

There is also strong demand for further automation among finance professionals. According to an industry survey , more than 73% of finance professionals would like their companies to invest more in automation solutions to reduce manual administrative work. (Klippa)

There is a clear business rationale behind these technology investments. According to a McKinsey study, 85% of CFOs expect AI and automation to significantly reduce manual data analysis while improving data utilization and decision-making. (McKinsey & Company)

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