If you're confused about how to adopt emerging technologies easily and cost-effectively, you're not alone. With artificial intelligence (AI) and machine learning (ML) on everyone's minds these days, the constant threat of disruption from the next big thing can be paralyzing.

But, like any technology, AI and ML are tools that can solve a business problem. By starting with your business needs instead of focusing on the technology, you put the business value at the center of your transformation efforts. For example, if you are looking for ways to automate repetitive processes such as cash disbursement and revenue management, or to close the books more quickly, efficiently, and accurately, then an ERP solution with embedded ML can deliver on these promises. In fact, research from the McKinsey Global Institute concludes that 40 percent of finance activities can be fully automated, and another 17 percent can be mostly automated.