Finance

In this chapter, we explain intelligent business applications in the finance line of business (LoB) and how customers can benefit from this functionality. We provide a brief overview of the use case requirements, the business processes involved, and how they’re addressed. The finance LoB is huge, with a lot of potential to automate and fine-tune the processes. The focus of the chapter is on accounts receivable, accounts payable, accounting, and financial period-end close. For these use cases, the concepts and frameworks explained in this elaboration were which proves the real-world feasibility of those new inventions.