A lot of finance and accounting teams, beneath enormous tension and experiencing resourcing issues stemming from the pandemic, are turning to automation for responses. The automation house, which grew at a compound once-a-year advancement price of 30% from 2017 through 2022, have to now also contend with COVID-19 as an accelerant.
Whilst intelligent and cognitive automation is now on the scene, robotic approach automation (RPA or “bots”) remains an necessary steppingstone in bringing automation into an organization’s functions — and one that stands to produce major advantages and positive aspects.
RPA specifically can assist minimize inefficiencies and streamline mundane procedures, enabling CFOs and finance teams to emphasis on additional strategic priorities that demand their consideration, together with additional frequent forecasting and investigation and heightened communications with traders about shifting market threats.
There are quite a few acknowledged positive aspects to RPA. Adopting corporations report price tag personal savings,