HOW FINANCE CAN TRANSFORM THE BUSINESS BY HARNESSING ROBOTIC POWER
While automation is transforming much of the work of the finance team, many back-office operations such as Accounts Payable and Accounts Receivable continue to be manually executed. As a result, there are clearly opportunities to use robotic process automation (RPA) to free up the finance department to focus on more strategic initiatives.
As accounting involves many routine tasks, it makes sense for the finance team to be on the front lines of RPA. “Processes that are most suited for RPA have a high transaction throughput of structured digitalized data, with relatively fixed processing paths and/or user interfaces, which do not change frequently, and are rule-based activities,” according to a recent Gartner report, Robotic Process Automation: Eight Guidelines for Effective Results.
This eBook will explore:
- Outlining the benefits of robotic process automation for the nance team and beyond;
- Determining how and where to incorporate robotic process automation to your financial systems;
- Best practices for implementation and benchmarking success;
- How future progress in robotic process automation will impact finance.