Finance executives at companies including Nokia Corp. NOK -0.68% , Royal Dutch Shell PLC and Orange SA ORAN -0.80% are developing their own Robertas.
Two thirds of large global companies expect to automate some or most of their finance-department tasks over the next two to three years, according to new research by The Hackett Group Inc. Hackett’s report is based on benchmark and performance studies at hundreds of large global companies.
These new technologies are designed to cut costs, liberate workers from time-consuming, repetitive tasks, and in many cases reduce finance- and treasury-department employee numbers.
“We will be running the treasury with less people in a couple of years,” Statoil’s Mr. Kjøllesdal said.
Finland’s Nokia Corp. also expects to shed jobs as part of the transition toward a more automated finance department.
Forecasting business performance is one area where humans can be replaced by an algorithm, said CFO Kristian Pullola.