Never before has there been more tools at the disposal of finance departments to assist them not only enhance their own function but to improve their organisation’s finance as a whole.
This paper will focus on how businesses can enhance their finance processes by identifying areas ripe for automation and more specifically, how artificial intelligence (AI) is being used to reduce payment fraud. In addition, best-practice methodologies for implementing Robotic Process Automation (RPA) to automate rules-based human tasks through software robots that provide businesses with scalability, increased security, and governance in all areas of the organisation.
What makes for a good RPA opportunity?
The table below gives a point score for various aspects that need to be considered and the highest scoring processes are where you should start.
What can a Bot do?
Finance & Accounting – Record to Report
Finance & Accounting – HR & Payroll
Finance & Accounting – Receivable
Network & IT
Finance & Accounting – Treasury
Finance & Accounting – Supply Chain
How To Deploy RPA Successfully
Quantify the size of the business case
Determine your appetite
Choose an experienced partner