Aptitude Software Group PLC has announced an expansion of its strategy to deliver AI-powered Autonomous Finance through its intelligent finance data management and accounting platform, Fynapse. The company has integrated its enterprise accounting hub technology with Microsoft Dynamics 365 Finance, aiming to provide a single view of business and finance data with high data processing speeds. This collaboration with Microsoft aims to enable organizations worldwide to automate manual processes, deliver real-time insights, and free finance teams to become strategic partners to the business.
According to Alex Curran, CEO of Aptitude, the expansion of the 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. The collaboration aims to make Autonomous Finance achievable for CFOs seeking to make their finance department a competitive differentiator for their organizations.
Autonomous Finance is described as a self-learning and self-improving finance function, powered by interoperable AI and cloud technologies, which serves as a strategic and competitive advantage to an organization. It aims to free 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 four foundational elements in place: a single and accessible view of all business data, a fully interoperable finance technology stack, advanced AI capabilities, and a finance architecture to automate manual processes and the application of accounting policies.
The combination of Aptitude Fynapse, Dynamics 365 Finance and Supply Chain Management applications, the recently launched Copilot for Finance, and the Azure ecosystem is expected to power Autonomous Finance to achieve these elements across a diverse range of industries. The collaboration aims to deliver capabilities such as Real-Time Forecasting, Advanced Scenario Planning, Enhanced Risk Management, Anomaly Detection, and Regulation Impact Analysis and Compliance.
Aptitude Fynapse is already available in the Azure Marketplace and fully integrated with 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.
In conclusion, Aptitude Software Group PLC's collaboration with Microsoft aims to deliver AI-powered Autonomous Finance, enabling CFOs to achieve a strategic and competitive advantage for their organizations. The integration of Fynapse with Microsoft's technologies is expected to provide a unique and differentiated offering in the ERP market, empowering finance teams to drive growth, efficiency, and sustainability.
For more information, visit Aptitude Software's website.