The report highlights the importance of efficient automation and modernization in the financial services and insurance industry. It states that the industry is responding to the current economic environment by improving operations and reducing costs, while also re-inventing the customer experience. The report also notes that the industry is facing disruption due to the availability of technology that enables organizations to become more efficient by eliminating manual and redundant tasks. The leaders of today are urging CFOs to increase automation in order to enhance decision-making abilities and drive toward the success of tomorrow. However, only 13% of CFOs and other business executives have said their finance organization is using automation. The report suggests that starting the automation journey can bring significant cost-savings, decrease in errors, and compliance implications.