Finance Technology

Build financial resilience and reduce risk.

CFOs and their finance teams are under increasing pressure to provide strategic insights and drive growth in addition to maintaining healthy financial operations. While the rise of artificial intelligence, machine learning, and automation capabilities have opened new opportunities, they have also created a more competitive landscape with new risks. As the backbone of the organization, the finance function must embrace modern technologies to keep pace and remain stable amid market disruptions.

Modern capabilities allow organizations to automate repetitive tasks, reduce manual errors, and free up time for value-driving activities. With advanced analytics and data visualization tools, finance professionals can uncover previously hidden insights and support data-driven decisions with confidence through a single source of truth.

Unlocking Value through Finance Transformation

Helping you embrace the future and transform finance operations for modern value creation.

Roadmap Development

Roadmaps allow the organization to identify its best combination of transformative technology, people, and process for the present and future. By providing a structured path forward, our roadmaps help finance leaders communicate their vision, secure stakeholder buy-in, and measure progress towards their transformation goals.

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Data Management and Analytics

Your data needs to be reliable and accessible in order to create insights that drive excellence in financial decision making. We first help you leverage advanced data integration and warehousing techniques to create a single source of truth, enabling finance teams to access and analyze data from multiple systems in real-time. We then help you empower your organization with access to modern tools and analytics capabilities to unlock hidden insights.

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Finance Automation

The automation value proposition is simple: organizations can reduce costs, minimize errors, and free up finance professionals to focus on higher-value activities. Automation capabilities such as robotic process automation (RPA) and intelligent automation technologies automate repetitive and time-consuming work that you want your finance team to avoid.

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System Implementation

We collaborate closely with finance and IT stakeholders to identify the technology stack that best supports your unique environment. Whether it's a cloud-based ERP, best-of-breed financial applications, or a combination of integrated tools, Cogiliti follows a structured approach to implementation, promoting seamless integration, data migration, and user adoption.

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Streamlined Financial Transformation

A practical path forward that prioritizes sustainable value creation.

Capability Assessment

Cogiliti’s technology and finance experts help your organization take a deep look at current capabilities and identify the lowest hanging fruits for creating value. Your organization will understand the direction of industry best practices and leading performers, underlining the steps needed to reach your desired future state.

Technology Selection

Our experienced team of finance technology experts understand the current technologies and use cases available to finance functions today, as well as the anticipated capabilities of tomorrow. Cogiliti provides an objective perspective on the capabilities, scalability, and total cost of ownership that help you make informed decisions and deliver maximum value.

Implementation

The implementation journey never has to be an “all or nothing” approach. Cogiliti will present recommendations and options for a scope and timeline that allow you to choose what works best for the unique needs of the organization. Our approach emphasizes ongoing communication, change management, and post-implementation support to ensure that your finance function can operate effectively and efficiently both during and after implementation.

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Frequently asked questions

Explore our comprehensive list of frequently asked questions to find detailed answers and solutions to common inquiries.

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What are the key benefits of finance technology transformation?

Finance technology transformation offers several key benefits, including increased efficiency, improved accuracy, and better decision-making capabilities. By automating manual processes and leveraging advanced analytics, finance teams can reduce errors, save time, and focus on strategic initiatives. Additionally, finance technology transformation enhances collaboration, enables real-time reporting, and provides a single source of truth for financial data, ultimately leading to greater agility and competitiveness in the market.

What are the main areas of finance that can be automated through technology?

The main areas of a company’s finance function that can be automated through technology include accounts payable and receivable, expense management, financial close and consolidation, budgeting and forecasting, and financial reporting. Automation can streamline processes such as invoice processing, payment approvals, reconciliations, and data aggregation, reducing manual effort and increasing efficiency. Technology solutions can also enable automated data capture, workflows, and compliance checks, ensuring accuracy and reducing the risk of errors.

How do you support user adoption and training during finance technology implementations?

Cogiliti has in-house change management experts that support the entire ideation and implementation process, designing training and adoption strategies from day one. We recommend a mix of classroom-style training, e-learning modules, and hands-on workshops to ensure that end users are comfortable and proficient with the new technology. Additionally, we offer ongoing support and resources, such as user guides, FAQ documents, and a dedicated helpdesk, to assist users during and after the implementation.