NEW YORK - UiPath (NYSE: NYSE:PATH), a prominent enterprise automation software company, has expanded its strategic alliance with professional services giant Deloitte. The collaboration introduces Deloitte's Smart Finance for Growth Companies, a managed service aimed at enhancing the productivity and capabilities of finance teams within growing businesses through intelligent automation.
This new offering is designed to allow companies to rapidly establish or scale their automation initiatives. It leverages a series of automations developed by UiPath, which have been repackaged by Deloitte into value-driven solutions tailored to the specific needs of growth companies.
Alex Jackson, Partner at Deloitte & Touche LLP, emphasized the goal of the initiative is to assist growth companies in starting their intelligent automation programs. By combining UiPath's AI-powered software with Deloitte's experience, they aim to deliver a comprehensive automation program to these companies.
The service is engineered to expedite the benefits of automation for finance executives at growth companies, who are increasingly recognizing the potential of AI to modernize their operations. UiPath's AI-powered Document Understanding solutions can automatically extract data from various documents, potentially reducing manual errors and saving time. The automation solutions can also be applied to other finance processes like vendor management, invoice processing, and cash application.
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 and to decrease the time spent on manual tasks. The collaboration aims to enable these companies to effectively utilize AI-powered automation, starting within the finance function and potentially extending across the entire business.
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