So you’ve simplified your processes, offshored or outsourced what you can, and yet you still have gaps which require manual activity. Maybe it’s reading purchase orders or reconciling data between worksheets. Maybe it’s collating data for reports or monitoring risks. If your team is managing mundane, repetitive tasks as part of their day job, there is an alternative.
Robotic Process Automation (RPA) software follows set instructions to replicate the actions of an employee. If you can write a process down, the chances are it can be automated, leaving your existing workforce with more time to focus on the exceptions and tasks that require another approach.
"Bots" typically cost around a third of a UK accounts administrator, and work 24 hours a day, 365 days a year, and can manage peaks in demand such as year-end activity. RPA programmes typically pay back in 9-12 months.
I know what you’re thinking: this sounds like complex infrastructure. However, RPA overlays existing systems rather than integrating with them, so the deployment is low cost and relatively simple. It can even interact with green-screen legacy systems. If you can log into it, so can a bot. Most RPA deployments are now cloud-based; all you need to provide are Virtual Machines to run the bots.
Let me be clear: this isn’t making the human touch redundant. Instead, by adopting RPA, your finance department can shift focus from tedious manual activities to management by exception, allowing your team to add value, and transform your KPIs:
Any finance department with large volumes of repetitive activities can benefit from RPA without the headache of a major deployment. It is quick and painless to roll out.
Automation: make it count.
Read more on automation and its potential here.
Intelligent Automation Director, Hays Technology
Tim worked in digital transformation for 20 years developing solutions to improve user journeys and experience for blue chip clients. More recently he grew the UK’s largest RPA CoE and went on to specialise in helping organisations overcome their barriers to scaling automation. He is a thought leader and evangelist for Intelligent Automation, and leads the IA Consulting specialism for Hays.