RNS Reach
21 March 2024
Aptitude to Accelerate Autonomous
Finance
Enabling the Future CFO
Office
Aptitude Software, a leading
provider of Autonomous Finance solutions, with its intelligent
finance data management and accounting platform, Fynapse, today
announces an expansion of its strategy to deliver AI-powered
Autonomous Finance.
In January of 2023, we
announced an integration of our
enterprise accounting hub technology to Microsoft Dynamics 365
Finance with Fynapse, our fully automated finance management
platform. Building on the existing integration with Microsoft,
Fynapse is investing in enabling a single view of business and
finance data with high data processing speeds.
Our integration with Dynamics 365
will evolve to better enable organizations worldwide to automate
manual processes, deliver real-time
insights, data, trends, and analytics while freeing finance teams
to increase productivity and become a strategic partner to the
business, driving competitive advantages for their
organizations.
Microsoft is delivering AI tools for CFOs to achieve their goals of
productivity, efficiency, and resiliency. Aptitude's Fynapse
platform is a leading intelligent finance data management and accounting
platform, delivering robust
performance, with the
ability to break down data silos and
complex data streams into usable and actionable insights, a single
view of finance data, to power leading businesses while automating
manual process and the application of
accounting rules.
"The expansion of our integration
with Microsoft demonstrates the power of Fynapse, and its unique
ability to deliver a single view of data with real-time processing
required to make autonomous finance a reality. Through this
collaboration, Autonomous Finance is now achievable for CFOs that
are seeking ways to make their Finance department a competitive
differentiator for their organizations." - Alex Curran, CEO,
Aptitude
"Data is the currency of AI, and we
are pleased to have Aptitude Fynapse within the Microsoft Azure and
Microsoft Dynamics 365 ecosystem to deliver a robust combination to
power Autonomous Finance." - Georg Glantschnig, Microsoft VP
Dynamics 365 AI ERP
What is Autonomous Finance and what
do CFOs need to achieve it?
Autonomous Finance, a self-learning
and self-improving finance function, powered by interoperable AI
and cloud technologies, is a strategic and competitive advantage to
an organization. Autonomous Finance is a partner to the
finance professional, advising on logical next steps and
recommendations based on real data and trends in their
organization. Autonomous Finance frees finance from low value
and manual repetitive tasks, transforming the CFO office into a
strategic and business enabler.
To achieve Autonomous Finance, a CFO
needs 4 foundational elements in place;
1) a single and accessible view of
all business data
2) a fully interoperable finance
technology stack capable of processing large volumes at the pace of
business
3) advanced AI capabilities to drive
insights from data and
4) a finance architecture to
automate manual process and the application of accounting
policies
How will Aptitude in collaboration
with Microsoft deliver it?
The combination of Aptitude Fynapse,
Dynamics 365 Finance and Supply Chain Management applications, the
recently launched Copilot for Finance and the Azure ecosystem
powers Autonomous Finance to achieve these elements across a
diverse range of industries. This collective proposition delivers a
truly unique and differentiated offering in the ERP
market.
The synergies between Aptitude
Fynapse and Microsoft's technologies will deliver Autonomous
Finance capabilities such as Real-Time Forecasting and Advance
Scenario Planning, Enhanced Risk Management and Anomaly Detection,
and Regulation Impact Analysis and Compliance.
Aptitude Fynapse is already
available in the
Azure Marketplace and fully
integrated to Dynamics 365 Finance and Supply Chain Management
applications, providing a rich accounting rules engine, enterprise
subledger, and centralization of finance and business
data.
Microsoft will support Aptitude in
delivering its Global Autonomous Finance Benchmark Research, which
will be presented at a series of global events starting on 19 March
in London at Microsoft offices. These events will also include
partners to help advise senior finance attendees on the journey and
roadmap options for Autonomous Finance.
Contacts
Aptitude Software Group plc
Alex Curran, Chief Executive Officer
020-3687-3200
Stuart Noad, SVP
Marketing
Alma Strategic Communications
Caroline Forde / Hilary
Buchanan
020-3405-0205
About Aptitude Software
Aptitude Software provides software
solutions that deliver AI and fully autonomous finance and free
teams to drive growth, efficiency, and sustainability. Fynapse is
Aptitude's intelligent finance data management and accounting
platform designed to increase productivity and lower costs for
finance teams globally. Fynapse provides a single view of finance
and business data, leading performance and automation, faster and
better insights, user-friendly functionality, and low total cost of
ownership (TCO). Please visit https://www.aptitudesoftware.com/
to learn more.