Amidst the new-wave of technological disruption, robotic process automation in finance is at the forefront of orchestrating digital transformation within the companies and unleashing true business value.
2. Introduction
Achieving resilience and innovation with RPA in financial services
Improved accuracy
Scaled-up business workflows
Better governance
AGENDA
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3 Facts & Figures
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3
Conclusion
3. Designed with the intention to automate
workflows that are structured, repetitive,
and rule-based, these new digital workforce
supplements and augments the core teams
in performing numerous tasks.
INTRODUCTION
4. ACHIEVING RESILIENCE AND INNOVATION WITH
RPA IN FINANCIAL SERVICES
Improved
Accuracy
Scaled-up Business
Workflows
Better
Governance
5. With so many labor-intensive
processes, there are increased chances
of human errors. Implementation of
robotic process automation in
finance processes removes the
inconsistencies of human performance
by eliminating their intervention and
consistently delivers accurate results.
IMPROVED ACCURACY
6. As compared to full-time human
equivalents, the figurative bots deliver
increased productivity as they are suited to
operate 24 hours a day, seven days a
week, 365 days per year.
SCALED-UP BUSINESS WORKFLOWS
7. With specially designed bots, each action
can be tracked easily, including the access
made and the outputs generated which are
stored in a centralized database for review.
This audit trail capability allows the
enterprises to hold relevant parties
accountable.
BETTER GOVERNANCE
8. Human error within the financial services
functions produce, on average, 25,000
hours of avoidable rework for $878,000 per
year. (Source - Gartner)
AN INTERESTING FACT
9. CONCLUSION
Configuring robotic process automation in finance enables
the companies to achieve resilience and innovation
seamlessly. It opens up limitless opportunities for data
collection and related workflow as well as operational/tactical
decision-making.