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Robotic vs. Intelligent Automation – What’s the Difference?

Robotic vs. Intelligent Automation – What’s the Difference?The development and widespread adoption of robotic process automation (RPA) technology has changed how organizations approach their business operations, particularly in terms of streamlining and scaling business processes. Given this innovation, a question that naturally arises is what does the future hold for RPA? The answer to that question is intelligent automation.

What is RPA?

In simplest of terms, RPA is an application of technology that enables people to configure computer software – or robots – to process transactions, manipulate data, trigger responses and communicate with other digital applications, programs and systems. Deloitte defines RPA as “a way to automate repetitive and often rules-based processes.”

The concept of RPA really began to gain traction during the early 2000s when, at the time, businesses had been relying on basic automation executed through software commands which followed scripted processes to perform tasks within single IT applications. RPA technology brought this to the next level by scripting tasks across several applications, enabling companies with complex infrastructures to also extract value from automation.

Ultimately, RPA tools are best suited for tasks, processes and workflows that have repeatable, predictable interactions with other IT applications.

What is Intelligent Automation?

The natural progression between robotic and intelligent automation has occurred over the past decade or so, and has further expanded the benefits of automation by introducing machine learning and artificial intelligence into the mix.

Unlike RPA, which is designed to automate routine, repetitive tasks, intelligent automation provides the capability to automate non-routine tasks. Furthermore, intelligent automation can tackle processes that require judgment, intuition, creativity, persuasion and problem-solving – all skills that previously required human input and intervention. It is, essentially, a cognitive technology that features human-like capabilities.

When combined with RPA technology, the resulting solution can enable organizations to harness the power of automation to streamline both routine and highly complex processes and workflows, creating an intelligent, self-driving enterprise.

Getting Started with Intelligent Automation

Whether you’re looking to simply dip your toe in or are eager to dive headfirst into intelligent automation, there’s a strategy that should be followed. Perhaps Deloitte outlined it best in their recommended five-step process, shown in the infographic below.

 

Deloitte Infographic - Getting Started with Intelligent Automation

 

Without question, intelligent automation will become an even more integral component of future business models. As a result, organizations across the globe are shifting their focus to intelligent automation solutions that can support both their current as well as their future needs and provide competitive advantage in a growing market.

The best way to get started with intelligent automation is to experience it in action. Click here to schedule your live demo of our Next Generation IT Automation, powered by AI – and don’t forget to grab your FREE copy of our latest eBook below.

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The Role of Humans in Robotic Process Automation

The Role of Humans in Robotic Process AutomationWhile robotic process automation has been touted as the be all and end all of workplace optimization, in reality it’s not necessarily the magical quick-fix that many in business leadership envision it to be. It’s much more complex than that. Will it ultimately lead to greater efficiency and productivity levels? Definitely. Robotic process automation is certainly poised to dramatically change the way we work, but it’s not as though we’re going to be turning our jobs entirely over to machines. To be truly effective, RPA still requires a certain degree of human management.

Human input and oversight is critical for RPA to be successful. In a perfect world, it would be great to simply plug and play, putting the robots in place and just letting them do their thing. But that’s not what you’d do with human workers, right? Just like your employees, the robots you implement must first be told what to do. The tasks, workflows and processes they’re employed to do must be built and communicated, and that’s where humans come into play.

The good news is, with the right software solution, this is relatively straightforward (i.e. it doesn’t require any advanced coding or programming skills). Regardless, however, building and implementing a complex RPA process still time and attention. The most important step is determining what processes can and should be automated to achieve maximum efficiency, and this cannot be done without human input. It’s also equally important that the process be tested regularly, particularly during the building and implementation process, to ensure that it’s working properly. Again, this requires human intelligence.

Those who have already been successful at adopting and leveraging robotic process automation within their organization recommend establishing a dedicated team to oversee and manage the automation process. It shouldn’t be assumed or expected that IT will simply add RPA to its list of other functions. Those in charge of RPA should specifically be assigned the duties of managing and modifying workflows, allocating the appropriate number of robots to daily tasks, prioritizing work and, of course, dealing with exceptions as they arise. The latter part in particular demonstrates the important role of humans in ensuring that RPA runs as smoothly and effectively as possible.

Furthermore, just like their human counterparts, robots will require routine performance reviews. Obviously this won’t require tact and two-way interaction, but rather its purpose is to improve the automated processes whenever and wherever possible. Once up and running, the robotic process automation team will need to oversee processes at various intervals, fixing anything that goes awry and identifying areas of potential improvement. Additionally, human input is required to go through, analyze and leverage all of the data and documentation reported by the robots.

So, while the ultimate purpose of robotic process automation is to streamline operations, it’s not meant to replace human workers. In fact, at least as of the time of this writing, this wouldn’t even be possible. In reality, RPA is meant to enhance and improve the work environment for humans and only with their support, input and management can the true benefits of automation be realized.

Curious about how RPA works and whether it would be a good fit for your organization? Request a free product demo today.

eBook: 10 time consuming tasks you should automate

Best practices for rolling out Robotic Process Automation

Best practices for rolling out Robotic Process AutomationAwhile back, we pointed out the many distinct benefits that robotic process automation has to offer businesses of every size and industry. But what about those first few steps? How can one develop an implementation strategy that will make rolling out RPA as smooth and stress-free as possible? If you’re preparing to adopt RPA for your organization, here are a few best practices to keep in mind.

Involve the Whole Team – Even if the RPA technology will be managed by a specific department, such as IT, that doesn’t mean the implementation process should be exclusive to that group. To the contrary, nobody will understand the very processes you’re trying to automate better than the end-user. Tap into this resource during the planning and implementation process to ensure that every necessary angle is covered.

Make it a Collaborative Effort – Expanding on our previous point, the implementation of robotic process automation shouldn’t be handled in silos, but rather as a collaborative effort amongst all of the teams and departments that will be directly affected by this new technology. During the planning stage, it might be helpful to hold focus groups and gather as much feedback as possible from different perspectives. As a bonus, this process can help you identify change champions who will further support the adoption of your automation initiative.

Develop a Core Team – When it comes time to focus on which tasks and workflows should be automated and what each step of the implementation process should be, it’s always good practice to have a dedicated automation team to lead the cause. Most likely, this group would be made up of individuals from within your organization, but it may involve some external consulting, depending on the size and scope of the project at hand.

Leverage Self-Service – The goal of robotic process automation is to maximize efficiency and productivity levels. Self-service automation is a great tool for achieving these goals. Not only does it save the end user time and aggravation, but it also frees up your IT help desk personnel to focus their efforts on more strategic and complex issues. Incorporate self-service into your RPA initiative as much as possible.

Drive and Measure Adoption – One thing is for sure, nobody likes change. Driving adoption of a new technology, such as RPA, can be incredibly challenging. That’s why developing a strong and strategic change management plan is critical. It’s also why identifying change champions is such an important step, since these individuals will lead the charge on your behalf.

As with anything else in the business world, preparation is the key to success when it comes to implementing robotic process automation. By planning ahead and keeping the above best practices in mind, your RPA initiative will be a much more positive and painless experience for everyone.

eBook: 10 time consuming tasks you should automate

 

5 Ways Robotic Process Automation is Improving the Healthcare Industry

5 Ways Robotic Process Automation is Improving the Healthcare IndustryThese days, it seems everybody is buzzing about robotics, machine learning, artificial intelligence and other so-called next generation technologies. One area where a number of these technologies are already helping to streamline process and improve operations is in healthcare. In particular, robotic process automation has enabled those in the healthcare field to shift a significant amount of manual, time-intensive and error-prone work from human to machine with incredible results.

To demonstrate how RPA can be applied in healthcare, let’s take a look at five real-world examples.

Administration – Much of the busy-work that healthcare industry workers get bogged down with, including training, data entry and accounting, can be transitioned to software robots. Not only does this save time, but it also eliminates the risk of human error, improving accuracy and client satisfaction levels.

Claims Administration – A good portion of daily time is spent handling claims, whether it’s inputting and processing, adjusting or dealing with appeals. Imagine how much more your team could accomplish if those routine, time consuming tasks were shifted to machine. This is one of the biggest areas where robotics process automation is revolutionizing the healthcare industry.

Membership Management – Another area where time is not optimized when performed manually is that of managing members. For instance, setting up accounts, verifying eligibility, processing enrollments, managing benefits, billing and customer service are all part of the daily drudgery. All of these functions can be automated.

Provider Management – On the flip side of things, providers must also be managed just like members are. Credentialing of new providers, data and network management and assisting with contract audits are necessary evils that can and should be transferred from human agents to robotic process automation.

Care Management – Last, but certainly not least, there are the important workflows involved in managing care, including coordinating that care, case and utilization management, population wellness and remote monitoring. Once again, RPA is ideal for centralizing and streamlining these workflows effortlessly.

The result of shifting these and other routine tasks from human agents to software robots is far more than just cost savings. More healthcare leaders are recognizing the value-added proposition that robotic process automation has to offer, including greater quality and innovation. When workers are no longer bogged down by their daily tasks, they are freed up to focus on more critical activities, like engaging in more meaningful customer interactions.

The most exciting part? Robotic process automation isn’t something that’s coming in the near future. It’s already here, and it’s already changing the face of healthcare as we know it. Don’t miss the boat! Schedule your free product demo and see our Next Generation automation platform, powered by AI, in action today.

IT Process Automation Survival Guide

The Case for Robotic Process Automation in Financial Services

Without question, the financial services industry has experienced tremendous change over the past decade or so. Between ever-changing regulatory challenges to evolving technology to increased competition and more, staying afloat in this field certainly isn’t easy. Robotic process automation (RPA) is helping many institutions meet these challenges head on and emerge even more successful on the other side.

First, it’s important to clarify that despite its name, adopting RPA isn’t technically about unleashing an army of actual robots to perform the rote work of humans. In reality, robotic process automation involves software applications which are designed to handle everything from simple, routine tasks to complex workflows. Furthermore, RPA that incorporates artificial intelligence and machine learning has the capability of adapting and improving over time.

Simply put, RPA is revolutionizing the way that banks, lending institutions and insurers carry out their business practices. In fact, this technology is ideal for the financial services industry because of the staunch regulations and high volume of transactions being performed on a daily basis. From an accounting perspective, for instance, RPA can be applied to everything from recording journal entries to performing account reconciliation. RPA can even be used to manage invoices, audit expense reports and process payments.

The Case for Robotic Process Automation in Financial ServicesPerhaps the area where robotic process automation is most beneficial to financial institutions is in the way of regulatory compliance and risk management. Employing an intelligent automation platform, a financial firm can utilize advanced technology to automatically evaluate account openings and review disclosures to ensure that employees remain compliant at all times. Robotic software can run continuous reviews and reconciliations to identify anomalies and alert management of potential problems.

In terms of risk management, RPA can help spot and verify even the most subtle of changes in exposure as well as determine the cause for such movement. Automation can also be used to assess credit limits and identify the cause when those limits are breached. Intelligent RPA combined with AI and machine learning can take these things a step further by leveraging data to provide recommendations for which course of action should be taken in order to limit risk and remain compliant.

One of the reasons RPA is such a valuable tool in the financial industry is because it is capable of undertaking tasks at an incredibly high rate of speed while also performing those tasks uniformly and without error. This is why it’s widely accepted, both by financial firms as well as regulatory agencies. It is not, however, meant to replace human workers altogether. To the contrary, RPA is designed to augment the skills of human employees, making their jobs easier and freeing them up to focus on those tasks that cannot be automated.

And lastly, despite being in an industry that is perpetually dealing with change, the one thing that seems to always remain constant is the need to reduce operating costs while maximizing efficiency. Robotic process automation is fundamentally designed to help firms achieve these goals by enabling the standardization and centralization of a broad spectrum of business processes. At the same time, RPA increases controls and facilitates consistency in execution. And because automation eliminates much of the tedious, manual tasks, staff can apply their talent to more high-value and meaningful work, which means higher retention rate. In other words, everyone wins.

Given all of these value-added benefits, it’s no surprise that leading financial institutions are already leveraging the power of RPA to help streamline operations and provide competitive advantage. If you are in the financial industry and would like to see for yourself just how automation can improve your firm’s overall performance, we encourage you to take Ayehu for a test drive today.

eBook: 10 time consuming tasks you should automate

Leveraging Robotic Process Automation to Help with Regulatory Compliance

Leveraging Robotic Process Automation to Help with Regulatory ComplianceThere are lot of resources out there that list the many benefits of robotic process automation (our blog included.) One of the least talked about, however, is compliance. When it is mentioned, it’s typically just that – a brief mention with little to no elaboration. The fact is, compliance is a very important topic for most organization and since RPA can make a significant impact, it’s worth delving into in greater detail. Let’s take a look.

What is regulatory compliance?

In 1996, the Health Insurance Portability and Accountability Act (HIPAA) was put in place to establish and enforce new standards that govern the security, confidentiality and transmissibility of health care patient information. While these types of regulatory standards weren’t necessarily new, HIPAA thrust the topic of compliance into the limelight, making the public more aware.

There are, in fact, a number of other public and private compliance regulations that govern more than just health care. These include:

Sarbanes-Oxley Act – This act came about largely as a result of the Enron Corporation collapse. Signed in 2002, this act oversees the adequacy and scope of internal procedures and controls as they relate to financial reporting. All organizations, regardless of size, must comply with this act.

PCI-DSS – Established in 2004 by MasterCard Worldwide, Visa Inc., American Express, Discover Financial Services and JCB International, PCI-DSS is a set of standards that cover the operational and technical security standards of payment cards. These standards apply to all businesses worldwide that process, transmit and store payment card information.

Regulation SCI – These SEC regulations, established in 2014, are directed toward financial trading companies and cover the establishment and maintenance policies and procedures for the continuous operation of IT systems. They also regulate the flow of information and records between applications.

Regardless of which regulations your organization happens to fall under, the consistent factors across all compliance efforts include clear policies, enforcement of those policies, documentation of that enforcement and retention of that documentation.

The Role of Robotic Process Automation

As with all financial statements and even personal tax returns, the threat of government audits of regulatory compliance is ever present. When these audits occur, the speed and ease with which they are completed depends on the organization’s ability to successfully demonstrate its accordance with compliance regulations. This is typically done with the production of supporting documentation, such as log files.

Robotic process automation can provide tremendous support during such times as a compliance audit, particularly when it comes to producing network log files. Most RPA tools feature comprehensive documentation of all network activity and facilitate fast and easy retrieval of said documentation.

When you implement RPA at the enterprise level, you can design robotic log files and develop storage rules which conform to and integrate with other log files. This enables access to compliance and audit documentation and eliminates the hard file searches and subsequent data gaps that can occur with manual processes. Robotic process automation also ensures that enterprise leadership is provided with fully integrated, company-wide compliance reporting as needed.

When robotic process automation is applied to compliance reporting and management, not only will audits run much more smoothly, but company leaders will also be better able to anticipate and address compliance issues, proactively review compliance status and prepare in advance for effective responses to any audits that may arise.

For most organizations, compliance is a necessary evil. Thankfully, with the right tools – including robotic process automation – it doesn’t have to be a nightmare.

To experience RPA in action, simply launch your free 30 day trial of Ayehu today.

IT Process Automation Survival Guide

Ayehu Partners with Kryon Systems to Integrate Robotic Workforce and IT Automation

Ayehu Software Technologies and Kryon Systems are pleased to announce a partnership which will couple the back-end IT operations strength of Ayehu and the comprehensive robotic process automation services of Kryon. With this new partnership, Kryon Systems, a leader in Robotic Process Automation (RPA), and Ayehu, an IT automation and orchestration platform, will offer enterprise users a complete automation solution including the full range of RPA services for business applications, and the automated back-end IT operations capabilities, providing workforces with tools to not only increase efficiency, but allow them to remain focused on tasks which require more individualized attention.

The rapid growth taking place in the RPA industry demonstrates the important role automation will play in growing and sustaining enterprises in an increasingly competitive market. Offering a package of RPA and IT automation services which can be deployed quickly, the partnership provides a unique range of highly specialized capabilities not otherwise available on the market, including the first-of-its-kind Hybrid Automation Solution offered by Kryon Systems, which allows the human workforce to interact effortlessly and seamlessly with the virtual one.

Ayehu’s platform, which allows IT departments to orchestrate and automate a wide range of manual and time consuming IT operations tasks, which enables rapid issue resolution and significant increases in IT process efficiencies, has already been utilized by enterprises worldwide.

Kryon Systems’ Leo platform uses visual recognition and deep-learning technologies to record and execute processes running on any application and across multiple applications without requiring integration. By allowing enterprises to offload processes to an “in house” robotic workforce, saving substantial amounts of resources, employees can be freed from repetitive and time consuming tasks.

By partnering, Kryon and Ayehu are bringing the full potential of RPA and automation services to all aspects of an enterprises operations, increasing productivity and profitability.

“There is no question that RPA as well as other advanced solutions are changing the nature of the workplace as it becomes more digitalized. Yet often the complexities that come along with the added IT work can make handling the transition and implementation of these new systems a nightmare,” said Harel Tayeb, CEO of Kryon Systems. “By streamlining not only the business processes, but the back-end IT ones as well, enterprises can maximize the benefit of embracing digitalization without the headache.”

“Our partnership with Kryon is a natural complement for our IT process automation solution, as it extends the benefits of automation and machine learning across the enterprise,” said Ron Lozinsky, Director of Partnerships and Alliances at Ayehu. “For customers seeking to expand on the benefits of automated technology with access to top of the line RPA solutions, this combined solution opens up the opportunity to create a significantly more efficient and profitable enterprise.”

About Ayehu

Named by Gartner as a Cool Vendor, Ayehu’s IT automation and orchestration platform is a force multiplier for IT and security operations, helping enterprises save time on manual and repetitive tasks, accelerate mean time to resolution, and maintain greater control over IT infrastructure. Trusted by major enterprises and leading technology solution and service partners, Ayehu supports thousands of automated processes across the globe. For more information, please visit www.ayehu.com and the company blog. Follow Ayehu on Twitter and LinkedIn.

About Kryon Systems

Kryon Systems’ intelligent robotic process automation platform amplifies the power of RPA, using patented visual and deep learning technologies to improve operational performance. To this end, Kryon’s flagship Leo platform supports both virtual and human workforces alike, facilitating the efficient and accurate execution of business processes on any enterprise application. The Leo platform can be leveraged for unattended (RPA) and attended (desktop) automation, as well as hybrid automation (where there is interaction between the virtual and human workforce), providing a greater return on automation investments. Numerous Fortune 500 organizations benefit from considerable cost savings, improved efficiencies, and near-zero error rates by using Kryon’s intelligent RPA platform. Learn more about Kryon Systems and its products at kryonsystems.com.

The Role of Robotic Process Automation in Big Data Analytics

Without a doubt, we are living in an age when information is always available at our fingertips. Sometimes it seems as though we are practically drowning in the data that’s available to us. In fact, according to IBM, there are some 2.5 quintillion bytes of data created every single day, and an estimated 90% of all the data in the world today was created in the last two years alone. And while much of this “Big Data” may seem irrelevant to you, organizations around the world are taking it very seriously. So much so that many are now employing the use of robotic process automation to help harness, analyze and leverage it.

The Role of Robotic Process Automation in Big Data AnalyticsWhat’s the connection? Well, for starters, using robots to automate business processes can simultaneously result in the retrieval of all kinds of information about how those particular processes are carried out. In this sense, robotic process automation is much more informative than even the best human analyst could ever be. In addition to extracting data, robots can also record everything and pull it together to become much more useful to key decision makers, helping to discover bottlenecks and other problems and identify opportunities where processes could be better optimized.

Data analytics can transform an astronomical amount of information into patterns that are logical and easy to understand. In fact, it’s pretty commonplace for advanced analytics to be built right into many of the software products that are on the market today (Google Analytics, anyone?). Robotic process automation solutions are similar in that they are capable of gathering data and reporting analytics for any given time duration.

You can use RPA to gain insight into any of the following (just as a few examples):

  • Total number of completed transactions
  • Average time each transaction (or workflow) takes
  • Number of business and/or application exceptions generated
  • Estimated time until task/process/workflow completion

Ultimately for Big Data to be useful, it must be properly vetted, thoroughly analyzed and appropriately organized into something that makes sense to someone who doesn’t necessarily have a background in advanced analytics. Delivering this valuable end result is another key benefit that robotic process automation has to offer. So now, not only can robotic process automation help create a more efficient, productive work environment, but it can also help identify problems and opportunities for improvement.

Could your business benefit from using robotic process automation, for Big Data or any of the countless other advantages it affords? Why not find out today for free? Download your own copy of Ayehu automation platform and start experiencing for yourself how powerful the right RPA solution can truly be.





eBook: 10 time consuming tasks you should automate




Reducing Complaints with Robotic Process Automation

Reducing Complaints with Robotic Process AutomationCould robots help you reduce the amount of complaints for your operation? The answer is yes. Well, robotic process automation, that is. By implementing RPA within your organization, you can dramatically reduce the number of human errors that occur from manual processes while also improving the speed with which you are able to deliver service. Fewer errors and faster results mean end users and customers alike will be more satisfied. Let’s take a look at exactly how this all works.

Firstly, robotic technology delivers productivity levels that are multiple times greater than that of human workers. When’s the last time your IT team was able to work round the clock without ever taking a single break? In fact, the only time RPA is inoperable is during system down-time, which is typically planned for and scheduled in advance. Using robots to complete most back-office processing tasks alone can result in an improvement of efficiency levels of upwards of 90%.

In addition to creating a more efficient, productive work environment, robotic process automation also provides a much greater degree of flexibility and scalability. Most businesses experience certain peak times during which the workload and subsequent demand on human workers fluctuates up. Previously when this occurred, organizations were faced with the limited options of asking existing employees to work more or hiring additional workers to compensate for the increased need. Robots have revolutionized how these peaks and valleys are handled, allowing businesses to scale up or down at the veritable click of a button.

Because robotic process automation technology facilitates greater productivity and efficiency and delivers the ability to seamlessly adapt to changing workload demands, it naturally helps to reduce many of the costs associated with the traditional non-automated workplace. Furthermore, by shifting many of the highly repetitive, mundane tasks from humans to robots, morale and employee satisfaction subsequently improves as well. Talented personnel is freed up to focus their skills and attention on other, more worthwhile and fulfilling activities, which benefits employees as well as the company as a whole.

Regardless of which industry or sector your organization happens to operate, without question robotic process automation could deliver a whole host of benefits, not limited to the ones listed above. The better your company operates within, the greater degree of satisfaction you will achieve, both internally as well as with your customers. Happier employees and clients mean fewer incoming complaints, which is music to the ears of almost any executive.

If you haven’t yet begun reaping the benefits of RPA for your company, the time to do so is now. Download a free 30 day trial of eyeShare today to get started and experience for yourself how powerful having an army of robots at your disposal truly can be.





eBook: 10 time consuming tasks you should automate




5 Ways RPA Can Make Life Easier for Your CFO

5 Ways RPA Can Make Life Easier for Your CFOWithout question, the Chief Financial Officer role is one of many critical responsibilities. On any given day, the CFO is tasked with everything from holding budget meetings to evaluating investment risk to financial planning and, of course, managing staff. What’s more, everything they do will center around a host of strategic business goals, including growth and cost management. Above all else, CFOs must be agile and capable of reacting quickly to the changing world around them. Technology – namely robotic process automation – is now paving the way for making the lives of these professionals a little bit easier.

Quick and Efficient Budget Approval

Budget issues are a necessary evil for any CFO, complete with endless proposals, forecasts and scenarios. Gaining executive buy-in and approval can sometimes feel like a never-ending uphill battle. One significant way that robotic process automation can benefit a busy CFO is by providing quick, straightforward and quantifiable ROI. Faster approval means more timely implementation and widespread business process improvement across the entire enterprise.

Dealing with Mergers and Acquisitions

Taking on the additional workload that comes along with facilitating mergers and acquisitions – on top of the present enterprise operations, and while remaining on budget – is often listed as one of the most difficult tasks finance executives must deal with. Adopting new policies, incorporating existing systems and modifying procedures across the board is equally challenging. Robotic process automation is the ideal tool for these situations because it offers end-to-end automation with seamless integration for a more uniform infrastructure and with little to no disruption in current operations.

Error-Free Revenue Growth

Many accounting functions still depend heavily on manual labor, which means that they’re also prone to a good deal of human error. Add to this the increased reliance on outsourced labor and the language and cultural differences that come along with it, and you’ve got a recipe for potential disaster. Keeping up with operations and putting out fires is a huge time waste – time that could be better spent focusing on growth and increased revenue streams. RPA provides an army of software robots available 24/7 to produce fast, efficient and error-free work.

Compliance Adherence

Government regulations as they apply to corporate finance are changing and evolving at an almost mind boggling rate. This becomes even more of a challenge for firms that operate in multiple states or countries, as many of these laws and regulations vary based on location. Part of the CFOs role is to ensure ongoing compliance with any and all governance, which requires a great deal of knowledge and constant updating of information. Using RPA, those in charge can be confident that processes are carried out in accordance with policy, thereby relieving some of the burden.

Talent Management

Despite what you may have heard, robots are not going to replace human workers – at least not for the foreseeable future. This means that the CFOs of today and tomorrow will still be tasked with overseeing employees to ensure optimum efficiency and productivity at the lowest operational costs possible for the organization. Once the repetitive, rules-based manual tasks are shifted to RPA, the human workers can focus on more important mission-critical projects. And because RPA produces fast, error-free work, costs will be optimized as well, leading to an even more favorable bottom line.

When it comes to the Finance and Accounting (F&A) realm, technology has always been an essential driver of success. For this reason, it’s not surprising that many CFOs are now turning to robotic process automation as a tool to make their organizations run more efficiently (and subsequently make their lives a little bit easier).

Want to experience these benefits for your own accounting department? Get started today by clicking here.





eBook: 10 time consuming tasks you should automate