Accelerate your Finance & Accounting processes with RPA
1 like771 views
Robotic Process Automation (RPA) enhances digital transformation by automating mundane finance and accounting tasks, allowing human workers to focus on higher-value activities. RPA leads to increased productivity and cost savings, with 59% of finance leaders seeing it as a competitive advantage in the next two years. Companies report significant return on investment and reduced processing times through the automation of tasks like invoice processing and customer onboarding.
Accelerate your Finance & Accounting processes with RPA
- 1. Automate to stay ahead See what your robots can do RPA is the first step to digital transformation Robotic Process Automation (RPA) helps you speed up operations, drive down costs, and increase overall productivity. With RPA, software robots handle the mundane, time-consuming tasks in Finance & Accounting (F&A) so human workers can focus on higher value work. Accelerate your F&A processes with RPA Discover how RPA is transforming Finance & Accounting By automating common processes with RPA, you gain time and increased value from employees who would otherwise be occupied with mindless monotony. It’s more than automation, it’s transformation. 59% 59% of Finance & Accounting leaders believe RPA will make their business more competitive over the next two years.1 Invoice processing Robots read and extract key information from invoices, then add that information into your ERP system. “We are automating customer acquisition, invoice validation, and other finance processes. Till now, we have seen 200% ROI in a year. We also reduced average processing time per transaction on average by 60%.” —Divyang Patel, Automation Solution Architect, LTI Cash application Optimize accounts receivable with robots that auto-capture and read remittance info from checks, emails, and web portals, and match payments with open invoices. Payment processing RPA handles pre- and post- payment validation and reconciliation, exception notifications, and duplicate payment identification. Customer onboarding and invoicing Quickly process customer forms, aggregate invoice data, and trigger invoices on sales order and goods receipt with RPA. Record to report Robots reliably collect, validate, and reconcile bookkeeping data, handle complex journal entries for SAP systems, validate tax activities, and build reports for financial systems. “We estimate that the new automated process will save us £50,000 each year through the reduction of peak workload. It also frees up time within the team and means that we can handle month’s end without extending overtime or hiring extra staff.” —Robert Gilhooly, Director of the Financial Shared Service Center, EDF Energy 1 “The Advance of Automation, The Economist, 2019”