The News: Alteryx announced decision intelligence and intelligent automation capabilities on Amazon Web Services (AWS) designed to empower chief financial officers (CFOs) and finance leaders to embrace cloud and data analytics as strategic goals for their modernization initiatives. Read the full Press Release from Alteryx here.
Alteryx Can’t Wait: Works With AWS to Spur Cloud and Data Analytics Adoption in Finance
Analyst Take: Alteryx intelligent automation capabilities, now available on AWS, are developed to optimize cloud benefits for finance teams by modernizing processes that can solve complex data problems and adapt to rapidly evolving market environments. Alteryx is deftly highlighting that shifting regulations and manual processes across the finance segment frequently generate repetitive work, time-consuming data input, and elongated work cycles preparing spreadsheets.
From my view, Alteryx boosts the value proposition of the company’s AWS alliance by demonstrating the tangible benefits of its intelligent automation solutions such as decreasing the overhead of manual bill reporting by 25% and reducing the amount of time spent on reconciliation processes for accounting teams reconciling financial data by a remarkable 99%.
Moreover, Alteryx is using the AWS platform to ease the adoption and integration of AI, machine learning (ML), blockchain, robotic process automation (RPA), and other decision intelligence tools for CFOs and finance professionals. Alteryx provides an automated process for linking and combining different data sources that aid finance teams to swiftly administer and transform massive amounts of data to rapidly generate reports that can improve business outcomes.
I see the AWS move strengthening Alteryx’s competitive hand against rivals such as Salesforce and its inclusion of the Tableau analytics platform with built-in Einstein AI/GPT in Salesforce Customer 360. With Salesforce raising prices for the first time in 7 years, I expect that Alteryx has a new window of opportunity to make inroads across finance offices and CFOs.
With the expansion of the Alteryx relationship, AWS augments the scalability of the analytic process automation and decision intelligence capabilities for its CFO and finance office decision-maker customers. For instance, customers such as Nielsen and Chick-fil-A use AWS with Alteryx to scale analytics throughout their organizations.
Key Takeaways: Alteryx Collaborates With AWS to Automate Finance
I see Alteryx gaining a sales and marketing boost by enabling finance teams to use AWS to aid the modernization of their financial processes that improve their organization-wide analytical performance. Now enterprises can use the cloud capabilities key to the integration of their data with intelligent automation workflows and decision intelligence that can significantly improve business outcomes.
Disclosure: The Futurum Group is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. The author does not hold any equity positions with any company mentioned in this article.
Analysis and opinions expressed herein are specific to the analyst individually and data and other information that might have been provided for validation, not those of The Futurum Group as a whole.
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Author Information
Ron is an experienced, customer-focused research expert and analyst, with over 20 years of experience in the digital and IT transformation markets, working with businesses to drive consistent revenue and sales growth.
He is a recognized authority at tracking the evolution of and identifying the key disruptive trends within the service enablement ecosystem, including a wide range of topics across software and services, infrastructure, 5G communications, Internet of Things (IoT), Artificial Intelligence (AI), analytics, security, cloud computing, revenue management, and regulatory issues.
Prior to his work with The Futurum Group, Ron worked with GlobalData Technology creating syndicated and custom research across a wide variety of technical fields. His work with Current Analysis focused on the broadband and service provider infrastructure markets.
Ron holds a Master of Arts in Public Policy from University of Nevada — Las Vegas and a Bachelor of Arts in political science/government from William and Mary.
