Date & Time: 11AM PST / 2PM EST, Aug 20th, 2019
Format: Live Webinar Duration: 1-hour
Finance modernization has been a top priority for CFOs and business executives across all industries. In an effort to increase operational efficiencies, lower costs and attain better data analytics and reporting.
Since the arrival of Robotic Process Automation (RPA), CFOs have been able to leverage this ground breaking technology to streamline their financial processes and sub-processes that are specialized to their own unique close, consolidate and report requirements. Robots can perform these end to end, repetitively in monthly, quarterly and year end tasks.
RPA can also automate processes that don’t have the volume to justify the costs, resources, and risks of an ERP integration project. For example, thousands of monthly vendor invoices that fail ERP validation, or hundreds of company billing invoices sent to dozens of customer portals.
CFOs across all industries are looking for ways to have higher efficiencies, lower costs and better reporting. But despite the efforts to automate back office financial processes using ERP systems, the results are still just about 80% automation for common AR/AP processes and 50% for less common processes.
The remaining unautomated processes went to outsourcing and BPOs, adding Lean /Six Sigma methodologies for further savings, however, operational inefficiencies, manual burden, and human error still account for major pain points.
In this webinar, learn how F&A processes can be automated end-to-end with Robotic Process Automation (RPA), and understand which use cases you can start automating to generate quick wins and trigger your finance modernization and digital transformation.