Finance firms unaware of benefits of automation

Finance firms unaware of benefits of automation
Tags: ATMs, Account balances, transfers, deposits, Cash accepters & dispensers, Check Cashing, Kiosks & mini kiosks, Transactional Kiosks
August 10, 2005

ePaynews: Many US-based finance organizations are unaware that routine transactions can be automated with the help of technology, and continue to manually process transactions, according to a report from Accenture. Only 15 percent of firms surveyed by Accenture had automated 60 percent or more of their accounts payable and accounts receivable functions, although 78 percent cited operational efficiency as their top challenge.