Workfellow launches solution to fix finance capacity planning
HELSINKI (PRWEB) May 11, 2023 -- Workfellow, the SaaS platform combining process and task mining, has launched a new Finance Process Intelligence solution to help finance and accounting departments get actionable visibility into the health of their core business processes. The software gives end-to-end transparency for finance operational processes, workflows, and IT systems across different teams and locations. The software also provides recommendations to optimize workloads, automate tasks and reduce manual work.
The need for process transparency is more evident than ever with many finance departments struggling with capacity management. Recent repetitive work research by Workfellow found that a typical business operations employee spends 50% of their time on repetitive tasks and 10% of their time on manual data entry. The challenge is especially great during peak times, such as the monthly close period. To fully cover all knowledge work-intensive processes and fix finance capacity planning, Workfellow’s comprehensive process analytics covers all processes, IT systems, and tasks.
“Many finance teams have been let down by digitalization. When new technology was supposed to help employees, finance teams are burdened with more repetitive and manual work because of ineffective IT systems and complex processes. We're on a mission to fix capacity management by giving the insights to balance workloads smartly and streamline core finance processes,” comments Kustaa Kivelä, CEO and co-founder of Workfellow.
“We’re very excited that we can provide the full solution for finance and accounting departments addressing all of their visibility challenges. In the past, process mining solutions have proved too clunky and difficult to implement for the broad set of business applications used by today's finance teams. Through a breakthrough in development of our Work API we can give finance teams the visibility and insights to manage core end-to-end processes, no matter what tech stack they use,” said Henri Wiik, CTO & co-founder at Workfellow.
About Workfellow:
Workfellow is a leading process intelligence solution that provides a hybrid approach to solving visibility problems combining process mining and task mining capabilities. The company's AI-powered software helps enterprise organizations optimize processes, accelerate automation and digitalize workflows. Through Work API – an effortless plug & play technology – Workfellow is able to analyze processes, workflows, and tasks and provide actionable insights and complete visibility.
For more information about Workfellow visit workfellow.ai.
Lari Numminen, Workfellow Oy, https://www.workfellow.ai/, 358 0503394684, [email protected]
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