UiPath Expands Alliance with Deloitte to Introduce Smart Finance for Growth Companies
UiPath, a prominent enterprise automation software company, has announced an expanded strategic alliance with professional services giant Deloitte. This collaboration aims to introduce Deloitte's Smart Finance for Growth Companies, a managed service designed to enhance the productivity and capabilities of finance teams within growing businesses through intelligent automation.
Enabling Rapid Automation Initiatives
The new offering by Deloitte allows companies to establish or scale their automation initiatives quickly. Leveraging a series of automations developed by UiPath, Deloitte has repackaged these solutions into value-driven packages tailored to the specific needs of growth companies.
Assisting Growth Companies in Starting Intelligent Automation Programs
Alex Jackson, Partner at Deloitte & Touche LLP, highlighted that the goal of this initiative is to assist growth companies in starting their intelligent automation programs. By combining UiPath's AI-powered software with Deloitte's experience, the collaboration aims to deliver comprehensive automation programs to these companies.
Accelerating Automation Benefits for Finance Executives
The managed service is engineered to expedite the benefits of automation for finance executives at growth companies. These executives are increasingly recognizing the potential of AI to modernize their operations. UiPath's AI-powered Document Understanding solutions play a crucial role in this by automatically extracting data from various documents. This not only reduces manual errors but also saves time. Furthermore, the automation solutions can be applied to other finance processes like vendor management, invoice processing, and cash application.
Stepping away from Complex Processes and Manual Tasks
Kelly Ducourty, Chief Customer Officer at UiPath, stated that the offering is intended to help growth companies avoid the pitfalls of complex processes that are hard to scale. Additionally, it aims to decrease the time spent on manual tasks. The collaboration between UiPath and Deloitte seeks to enable these companies to effectively utilize AI-powered automation, starting within the finance function and potentially extending across the entire business.
With this expansion of their strategic alliance, UiPath and Deloitte aim to empower growth companies with intelligent automation solutions to enhance their finance operations and drive productivity.
Analyst comment
Positive news. The expanded alliance between UiPath and Deloitte introduces a managed service to enhance the productivity and capabilities of finance teams through intelligent automation. This will allow companies to establish or scale their automation initiatives rapidly. The collaboration aims to assist growth companies in starting their automation programs by combining UiPath’s AI-powered software with Deloitte’s experience. The market can expect increased adoption of AI-powered automation in finance processes and potential expansion across the entire business.
