A fundamental question over robots is: does the finance function need further transformation?
Some say the value added would only be marginal.
Other finance leaders question whether the implementation of robotics is the right course for continuous finance delivery transformation.
While again others may say robots will not actually save money, after accounting for the increase in overheads for robotic maintenance.
The work of a robot
Robots should be good at rules-based, work-flow processes. Cross system processing, data consolidation and reporting, monthly accounts closure, build data updates are all good candidates. However, there are few tangible, live case studies specifically in the finance function.
But it is the context of the transaction that finance leaders are thinking about. Robots could be used:
- to eliminate exceptions in a process by encouraging further standardisation
- and for transactions that can be processed straight through.