RPA for the Office of Finance

Reduce errors, cut costs, win time.

WHY DOES THE OFFICE OF FINANCE NEED ROBOTIC PROCESS AUTOMATION?

How RPA can reduce human error and improve internal controls and compliance

Core financial processes typically involve a mix of digital and paper-based documentation processing, frequent manual data re-entry and complex compliance and storage needs. As a result, too much of the Finance team’s time is spent on repetitive, manual tasks. And these processes can easily introduce human error and an element of risk into what are critical business processes. See what RPA can do for the office of Finance – watch our free on-demand-webcasts.

WHAT’S THE VALUE OF RPA FOR THE FINANCE FUNCTION?

Utilise RPA in finance to drive the finance team’s productivity


90%

higher quality / exactness

92%

compliance improvement

59%

less costs

86%

higher productivity

HOW CAN ROBOTIC PROCESS AUTOMATION (RPA) HELP THE OFFICE OF FINANCE?

Find out how process automation can increase efficiency, reduce risk and create time for the finance team

Robotic Process Automation (RPA) has an important role to play in helping to transform key Finance processes. And, in particular, those that are frequently executed in large volumes. RPA can effectively take on board the execution of these manual processes at scale. This increases the output of the existing Finance team.

To find out how the Office of the CFO can make the right RPA choices, read the whitepaper.

FACTS AND FIGURES: RPA FOR THE OFFICE OF FINANCE

A survey by The Chartered Institute of Management Accountants (CIMA) in association with Servicetrace


55%

report that their finance teams spend 5 up to 15 days each month with mundane, repetitive routine tasks

86%

need to save time when conducting regular finance processes

71%

need to reduce ongoing costs of executing regular financial processes

Download Survey

WHAT ARE THE BENEFITS OF RPA FOR THE OFFICE OF FINANCE?

Enable your finance team to focus on higher value, strategic work by reducing manual, repetitive labour

Automating manual finance tasks can save cost and time, significantly reduce error rates and free Finance staff to focus on higher value tasks. RPA-enabled processes are highly auditable, supporting Finance’s complex compliance requirements, and can also scale easily to meet Finance’s regular peak activity needs.

To find out how RPA is key to unlocking value for the office of the CFO, read this whitepaper.

KEY BENEFITS OF RPA FOR THE OFFICE OF FINANCE

Utilise RPA in finance to drive the finance team’s productivity


Save time and money

by increasing efficiency and productivity.

Reduce error rates

and free Finance staff to focus on higher value tasks.

Scale easily

to meet Finance’s regular peak activity needs.

Automate audit-proof

and support Finance’s complex compliance requirements.

WHERE SHOULD FINANCE START WITH ROBOTIC PROCESS AUTOMATION (RPA)?

Now is the time to look at automation!

RPA technology can start with simple rules-based Finance tasks, and progress towards more complex applications as the Finance team becomes more familiar with its capabilities. This progression, from basic RPA task automation to a more holistic Enterprise Process Automation approach is important for the Finance team.

Read our whitepaper series Bots and the Balance Sheet and discover why RPA is the key for digital transformation in the office of finance and how RPA unlocks benfits for the finance department.

RATED AS VISIONARY IN GARTNER 2020 RPA MAGIC QUADRANT

Gartner research has identified that the average amount of avoidable rework in accounting departments combines to take up some 30% of a full-time employee’s overall time – and ranks Servicetrace as a visionary in its RPA Magic Quadrant 2020.

Analyst Reviews

RPA in Finance + Controlling

START YOUR AUTOMATION JOURNEY HERE.

Servicetrace X1 lets Finance teams plan, implement, operate and scale multiple RPA projects while still retaining central control. X1 manages all phases and participants of the automation journey with one single, easy-to-use automation platform. This helps the Office of the CFO to support and drive process automation initiatives across the business.