RCS - Aptitude Software - Aptitude to Accelerate Autonomous Finance

Aptitude SoftwareAnnouncement

21/03/2024 07:15

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RNS Number : 7111H  Aptitude Software Group PLC  21 March 2024

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
(https://www.aptitudesoftware.com/news/aptitude-software-collaborates-with-microsoft-to-integrate-fynapse-platform-with-dynamics-365-finance/)
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
(https://azuremarketplace.microsoft.com/en-us/marketplace/apps/microgenfinancialsystemslimited1671565331958.fynapseonazure?tab=overview)
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/ (https://www.aptitudesoftware.com/) to
learn more.

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