Finance & Accounting
RPA strengthens Accounting by completing unskilled tasks. It fosters continuous improvement by enabling accountants to use their knowledge to continually enhance the capability of the robots while freeing themselves to be more analytical and forward-looking. RPA shines when running discrete, simple, high-volume tasks that would usually require little human supervision, such as invoice processing, entering sales orders, processing refunds, and automating customer service responses.
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RPA can be used for following things:
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Accounts Payable (Procure-to-Pay)
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Accounts Receivable (Order-to-Cash)
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SFinancial Operations
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Financial Planning & Analysis
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Tax Operations
Use Case:
​Let’s assume, its year closing time and company must do calculations for yearly revenue, tax, and data validations etc. For big organization, A team will sit for 2 days to do all these operations. If we use RPA for same thing, Whole process can be finished within 3-4 hours.