Alteryx Analytics Automation enabled by AWS enables CFOs to modernize financial processes in the cloud with new technologies and self-service automated analytics.

Alteryx, Inc. the Analytics Cloud Platform company, announced today decision intelligence and intelligent automation capabilities on Amazon Web Services (AWS) designed to enable chief financial officers (CFOs) and finance leaders adopt cloud computing and data analytics as strategic tools for accomplishing their modernization goals.

Ana Margarita Albir, president of ADL Labs, stated, “Analytic insights enable us to tailor digital transformation solutions based on our clients’ needs to achieve the greatest impact for their business.” Using Alteryx and AWS, we can integrate capabilities across any data source, visualize and analyze data in real time, and improve security, resulting in an estimated $6 million in cost and efficiency reductions for ADL and its clients.

In the office of finance, changing regulations and manual processes frequently necessitate repetitive tasks, time-consuming data entry, and labor-intensive spreadsheet preparation.  The intelligent automation capabilities of Alteryx that are available on AWS maximize the cloud’s benefits for office of finance teams by modernizing processes that assist them in resolving more complex data issues and adapting to ever-changing market conditions. Highlights:

Changing regulations and manual processes frequently necessitate repetitive work, time-consuming data input, and labor-intensive spreadsheet preparation in the office of finance. The intelligent automation capabilities of Alteryx that are available on AWS maximize the cloud’s benefits for office of finance teams by modernizing processes that assist them in resolving more complex data issues and adapting to ever-changing market conditions. Highlights:

Impact the bottom line: Analytics automation significantly reduces the time and effort spent on manual processes, allowing analysts to devote more time to strategic initiatives that advance the business. Using Alteryx, analysts on invoicing teams have reduced the cost of manual bill reporting by as much as 25 percent.1 A team of accountants who reconciled financial data reduced by up to 99 percent the time spent on reconciliation processes.

Modernize with new technologies: Alteryx uses the power of AWS to provide an environment where technologies such as artificial intelligence, machine learning, data science, robotic process automation, and blockchain converge, making it easier for CFOs to deploy and utilize new technology immediately. A finance team, for instance, that relies on labor-intensive, obsolete tools for calculating sales tax liability can rapidly adopt automation and configure alerts on incorrectly taxed transactions, freeing tax resources for higher-value activities.

Nitin Brahmankar, vice president, ISV and Global Ecosystem Partnerships, Alteryx, remarked, “Globally, businesses are seeking to automate for efficiencies and drive deeper insights in order to swiftly respond to complex challenges and a dynamically shifting landscape.” “We are collaborating with AWS to enable finance teams to harness the power of the cloud and modernize their financial processes in order to conduct crucial analysis that has a significant impact on their bottom line.”

According to Madhu Raman, global director of automation at AWS, with Alteryx Analytics Automation enabled by AWS, finance teams can innovate and modernize tax and audit processes using computerized self-service analytics that streamline and accelerate traditional compliance work. Templates that aid data analysts and line-of-business users in utilizing, modifying, expanding, and integrating enterprise data with intelligent automation workflows that support record-to-report, procure-to-pay, and order-to-cash processes can be advantageous to organizations.

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