6CIOReview | | NOVEMBER 2022Implementing and adopting automation solutions lead to major cost savings for professional services firms while boosting efficiency and productivity.As per reports from grandviewresearch.com, the professional service automation software market is estimated to reach $16,015 million by 2025, registering a CAGR of 11.7 percent. This prolific growth can be attributed to the increasing need to improve operational efficiency among professional service firms and the growing focus on optimally aligning resources while profitably delivering projects on time.Professional service automation tools offer a wide range of benefits, including optimized staffing and improved collaboration. Paper-heavy industries such as accounting and law are benefiting significantly from these tools. AI and machine learning-driven solutions are proving pivotal in automating tasks like invoice review, budgeting, and compliance. At the same time, natural language processing tools are interpreting invoice text with near-human insight and improving their accuracy over time when programmed with machine learning protocols.This edition of CIOReview delivers a bird's-eye view of the recent developments in the professional services automation arena and insights into how organizations are aligning with these trends and adopting new ways to transform legacy practices.We have curated thought leadership articles from industry experts, including the Sr. Manager for Intelligent Automation at Coca-Cola, the SVP and WSP Head of Ethics & Compliance at Louis Berger, and the Global Head of Automation at Alter Domus.We also took a deep dive into the market trends to narrow down the list of companies delivering innovative professional services automation solutions. Equipped with innovative technological capabilities, the enlisted solution providers, such as Integrin Enterprise Solutions, Kantata, and WorkRails, help transform businesses at the cloverleaf of various disruptive technologies.We hope this edition of CIOReview's professional services automation solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.Let us know your thoughts!EditorialShaping the Future of Professional Services with Advanced Automation ToolsCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com November - 23 - 2022, Vol 11, Issue - 87 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewVisualizersIssac GeorgeMichael WayneDisclaimer : * Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasGina ClumskyYenny TurnerTiffany HayworthAbner Lawrence
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