What is RPA?
Robotic Process Automation (RPA) is software that can be easily programmed or instructed by end users to perform high-volume, repeatable, rules-based tasks. It automates the logical transfer of data within processes quickly and accurately, freeing up valuable resources from mundane tasks.
More time for important matters
The benefits of adopting RPA in finance go way beyond cost reduction bringing improved control, faster processing speed, better data quality and happier finance team members freed up from mundane tasks for interesting and value-add work.
Fear of technological change is nothing new, and whilst RPA can lead to role displacement this is more than counter-balanced by the creation of new roles and the removal of remedial, boring tasks away from employees. This creates new learning and career opportunities, and helps create the appropriate cultural transformation needed in the finance team to successfully adopt and scale the technology.
It's beneficial to have a clear plan showing the impact on employees both short term and long term, as RPA is scaled as part of a wider automation strategy.