Originally published on https://www.aico.ai/

When discussing the topic of finance management innovation and digitalisation, the following questions are often asked:

  • What are intelligent finance automation and enhanced finance control and automation (EFCA)?
  • How does it differ from robotic process automation (RPA)?
  • What defines intelligence in this context?
  • How is intelligent finance automation closing the gap on reaching cognitive engagement of artificial intelligence (AI)?

Before delving into defining what makes finance automation intelligent, a common ground must be acknowledged — whatever the solution is, the primary goal of finance management digitalisation is to help businesses improve efficiency of their finance operations at lower costs than…

Aico

Pioneering intelligent finance automation and control solutions for key record-to-report accounting processes / aico.ai

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