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The Rise of Hyperautomation: What CFOs Need to Know

  • The Rise of Hyperautomation: What CFOs Need to Know

    The Rise of Hyperautomation: What CFOs Need to Know

    Earlier this year, CFO.com ran an article titled, “A CFO action plan for 2025” that mentioned hyper-automation “and other developing technologies could benefit, even revolutionize, every part of an organization.” As we look ahead to 2026, hyper-automation is a phrase that CFOs may start hearing more often.

    With BPA software well-established as a key tool for modern businesses and a push to incorporate AI tools as quickly as possible, hyper-automation seems like the next logical step. But should CFOs rush to implement as much automation technology as possible, or is there a better way?

    Hyper-automation concept combining BPA RPA and AI in finance

    What is Hyper-Automation?

    Hyper-automation combines BPA (business process automation), RPA (robotic process automation), AI (artificial intelligence), and other business management software to automate entire end-to-end processes.

    In finance, the goal of hyper-automation is to automate as many financial processes as possible. It’s different from task-focused automation. Traditional automation might simply focus on one task, like capturing data from invoices or sending approval reminders for invoices. With hyper-automation, the goal is to automate the whole procure-to-pay cycle as seamlessly as possible.

    Don’t Just Mix-and-Match Software

    At a Gartner-hosted CFO conference in 2023, one of the key takeaways from experts was that “hyper-automation” should not be a CFO’s main focus. Rather than racing to implement the most or the newest technology, CFOs should focus on implementing the right technology that will work best for their companies.

    Mixing and matching different software without a plan can set you up for disaster. Sometimes the software isn’t compatible, and you’re stuck with BPA that doesn’t communicate with your ERP (for example). Sometimes there’s overlap in functionality, and your company ends up paying for software you don’t need. It can also be challenging for employees to switch between different software systems. If the software can’t work together, that defeats the whole purpose of hyper-automation.

    A Better End-to-End Solution

    Rather than implementing several different automation programs to try and achieve hyper-automation, companies can benefit from choosing one automation supplier. The right BPA software supplier will incorporate RPA, AI, and other technology tools to deliver an end-to-end solution without software conflicts.

    Here at NextProcess, our process automation software incorporates technology tools like Optical Character Recognition, data indexing, and AI machine learning to deliver a robust automation software suite. We offer a true end-to-end solution that automates and integrates capital project management, procurement & purchase orders, accounts payable, travel & expense, and payment disbursements. You only have to work with one software supplier to implement a full suite of finance technology tools. Plus, our software integrates seamlessly with traditional ERPs (including ones like NetSuite that typically don’t support integrations). Contact us today to learn more and schedule a free demo.

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