Among the many predictions for 2015 is the notion that Enhanced Financial Controls and Automation (EFCA) software will come of age. EFCA is a newly named category of capability that nestles between the ‘Information World’ typified by corporate performance management (CPM) and the ‘Transaction World’ characterized by Enterprise Resource Planning (ERP).
As such it closes off many of the process gaps left by more traditional point solutions and applications. Yet EFCA is far more than a technical remedy. For many CFOs, EFCA is essential to the pursuit of a modern finance agenda dedicated to higher levels of standardization, automation and efficiency.
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