ROBOTIC PROCESS AUTOMATION FOR ACCOUNTING AND FINANCE

RPA for Accounting and Finance Processes

Though Robotic Process Automation is making a sweeping impact on businesses across the board, there are certain industries and functions that are more susceptible for a software automation implementation. Accounting and finance, encompassing various manual and repetitive processes, is one of the major automation prone business functions today.

What’s the Impact?

Between payroll processing, procurement and reporting, various mundane tasks bog down accounting and finance departments on a daily basis. This significantly hinders human capitol and innovative thinking within these departments, and makes repetitive tasks more susceptible to human error.

An RPA implementation can close the financial digitization gaps present within many organizations, reducing employee turnover and costs while increasing ROI. An implementation also enables the accounting and finance team to play a part in your RPA Center of Excellence (COE), which is especially impactful for customer facing department representatives.

59%

Of accounting and finance leaders believe RPA technology will make their business more competitive within the next two years.

– 2019 Economist Survey “Advance of Automation”

Digitizing Accounting & Finance Operations

  • Improve productivity
  • Reduce operational costs
  • Maintain compliance
  • Ignite innovation, reduce stagnancy

Practical Applications for Accounting & Finance Automation

  • Invoice Processing: Extract information from vendor invoices and purchase orders without human intervention.

  • Payment Processing: Automate payment validation and reconciliation while staying notified of all important details.

  • Customer Onboarding: Automate the process of onboarding new customer data, such as forms, invoices and sales orders.

  • Tracking Compliance Mandates: Respond and track changing compliance mandates while maintaining accurate reporting.

Demos, Use Cases and Resources

As UiPath and Automation Anywhere implementation partners and resellers, we’ve gained extensive experience implementing RPA into the processes of enterprise-level accounting and finance departments. Explore our insights below to see our solutions in action.

RPA for Accounts Receivable Collections

Intercompany Stock Transfer Process With Robotic Process Automation

RPA for Manufacturing Accounting Reconciliation

Blog Posts for Accounting and Finance

Our RPA experts can help you identify candidates for automation.

Contact the RPA team

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