The document discusses embedding governance, risk, and compliance (GRC) into financial processes. It notes that while companies have tried to automate and streamline financial processes to reduce costs, more value can be added by using these processes to monitor risks and ensure compliance. The survey found that executives acknowledge benefits like reducing errors, but many still focus more on costs than risks. However, initiatives that prioritize controls by risk level can significantly improve decision-making. When done holistically, upgrading financial processes through automation and adding risk assessments can yield benefits beyond costs by improving governance, risk management, and compliance.
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