Responsible for critical business processes, Finance organizations are under scrutiny and increased regulations which means the pressure is on to ensure operations are more accurate, efficient, and compliant than ever before.
So it’s likely no surprise that automation is set to drive as much as 50% of financial processes in just the next few years. RPA drives end-to-end process transformation—from closing the books with tighter data governance and process controls, to handling invoicing, accounts receivable, general ledger reconciliation, tax reporting, and cash account reconciliation.
RPA puts powerful yet intuitive automation tools and real-time business insights directly in the hands of the financial organization itself.
Reduce manual touch points and lower labor costs while eliminating human errors and improve data validation across systems.
Access unstructured data from invoice documents, update vendor records, and payment validation and processing.
Free up time to analyze financial trends by automating manual data entry and formatting with RPA.
Use RPA to eliminate manual tasks associated with reconciling bank and general ledger balances.
Tighten controls and improve accuracy and compliance
Accelerate financial close and enable timely data for critical business decisions
To succeed in a highly competitive marketing services industry, Quad/Graphics continually looks for opportunities to reduce waste and improve the productivity of its continuous improvement culture is based on LEAN principles, they decided to try robotic process automation (RPA) to free up its employees for more customer-facing and value-added work.
Quad/Graphics engaged with a strategy to drive RPA holistically through the business in a grass-roots methodology — from the bottom up. Quad/Graphics first deployed Automation Anywhere RPA within the finance department to streamline payments processing. After experiencing considerable success, Quad / Graphics implemented RPA in more than 15 other departments.
Apply Automation Anywhere RPA and Intelligent Automation within every finance department function
RPA helps finance organizations improve efficiency of core processes with powerful yet intuitive self-service automation tools. Embedded analytics within Digital Workforce RPA advance finance operations further by enabling real-time business insights.
Make time for analyzing financial trends by automating data input and formatting with RPA. Get unprecedented visibility and business insights from Digital Workforce data to inform financial planning.
RPA enhances cash reconciliation, forecasting and reporting, as well as foreign exposure management processes thereby improving cash flow, eliminating errors, and reducing costs.
RPA offers tax departments the opportunity to transform. Taking on repetitive work such as calculating adjustments and populating returns, RPA frees skilled tax professionals to focus on more high-value and strategic contributions to the business.
Maximize AP productivity and cut invoice processing costs by automating procure-to-pay processes in a matter of weeks and without extensive changes to the underlying invoicing process or software infrastructure involved.
RPA streamlines billing and collection processes resulting in lower Days Sales Outstanding (DSO) and back-office operations cost.
Robotic Process Automation gives organizations the ability to create software robots or “bots” that can automate business processes—either on-premises or in the cloud. Assign them to perform tasks or have them learn intelligently that same way that people do. They are scalable, non-disruptive, code-free, and work 24/7. Think of them as your Digital Workforce.
The Automation Anywhere RPA platform delivers comprehensive RPA for finance and accounting to automate repetitive tasks, access unstructured data, and tap into disparate data sources across legacy systems in your business.
Deliver low cost, error-free financial reporting
Accelerate time to close and access to information
Reinforce compliance with RPA designed to meet regulatory requirements
FROM THE BLOG
In the first installment of this three-part RPA primer series, we covered what Robotic Process Automation is and why you need it, and provided some examples of how adopting RPA can streamline business processes.
In this webinar learn about the challenges with traditional approaches to business process automation and how RPA and cognitive automation introduce a new approach to automation
New to RPA? Ready to begin building bots or learn advanced techniques? Automation Anywhere University has serveral learning paths to get your started on your RPA journey.
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