Alteryx, the Analytics Cloud Platform company, has announced decision intelligence and Intelligent Automation capabilities on Amazon Web Services (AWS) designed to empower CFOs and finance leaders in their modernization efforts. By leveraging Alteryx Analytics Automation powered by AWS, finance teams can embrace cloud computing and data analytics as strategic tools, enabling them to streamline financial processes, gain data-driven insights, and optimize their bottom line. This article explores the key features and benefits of Alteryx’s solution and its potential impact on the finance industry.
Streamlining Financial Processes with Analytics Automation
Alteryx’s intelligent automation capabilities help CFOs and finance teams reduce manual processes, eliminate repetitive work, and save valuable time. Analysts can focus on strategic projects that move the business forward by automating bill reporting and financial data reconciliation tasks. For example, billing teams using Alteryx have experienced up to a 25% reduction in manual bill reporting overhead costs. At the same time, accounting teams have reduced reconciliation time by up to 99%.
Alteryx Modernizing with New Technologies
Alteryx leverages the power of AWS to provide a cloud environment where finance teams can leverage cutting-edge technologies. CFOs can quickly deploy and utilize Artificial Intelligence, Machine Learning, data science, Robotic Proces Automation, and Blockchain to enhance their financial processes. By adopting automation and configuring alerts on incorrectly taxed transactions, finance teams can optimize tax resources for higher-value activities.
Generating Data-Driven Insights at Scale
In today’s data-driven world, finance departments are expected to deliver regular insights to support decision-making. Alteryx enables finance teams to connect and combine disparate data sources. This empowers them to process and transform large volumes of data quickly. This capability significantly reduces the time required to generate reports. It also provides finance professionals with the information they need to make informed decisions efficiently.
Digitally Upskilling Across Finance
Alteryx offers a self-service, low-code/no-code environment that enables analysts and business users to upskill in data and analytics. With the scalability and power of AWS, finance professionals can easily acquire the necessary skills to navigate and leverage data effectively. Combining self-service analytics and cloud computing empowers finance teams to enhance their capabilities and drive innovation within their organizations.
Alteryx is Empowering Finance with Cloud-Based Automation
By collaborating with AWS, Alteryx enables finance teams to embrace the cloud and modernize their financial processes. The automation capabilities provided by Alteryx Analytics Automation powered by AWS streamline and accelerate traditional compliance work, enabling finance professionals to innovate and optimize tax and audit processes. Alteryx’s solution includes templates that assist data analysts and line-of-business users in using, customizing, extending, and integrating enterprise data with intelligent automation workflows.
