Automation and Finance Departments
Robotic process automation (RPA) is a relatively new concept in the software industry. It involves the use of programming or analytical algorithms to execute the most appropriate action in an automated workflow without human intervention. RPA eliminates the need for individuals to perform the sort of repetitive routine work that lends itself to computerized automation.
This approach is particularly appropriate for today’s finance department. Using this technology can enable the finance and accounting function to play a more strategic role in the management of its company, which is a longstanding goal of many CFOs. Improving efficiency enables the department to shift resources so it can be more active, engaged and forward-looking.