Numerous finance and accounting groups, less than enormous strain and struggling with resourcing problems stemming from the pandemic, are turning to automation for responses. The automation area, which grew at a compound annual expansion price of 30% from 2017 via 2022, ought to now also contend with COVID-19 as an accelerant.
Even though clever and cognitive automation is now on the scene, robotic procedure automation (RPA or “bots”) continues to be an essential steppingstone in bringing automation into an organization’s functions — and one that stands to yield considerable pros and gains.
RPA particularly can support decrease inefficiencies and streamline mundane processes, enabling CFOs and finance groups to concentrate on far more strategic priorities that demand from customers their interest, which include far more regular forecasting and examination and heightened communications with traders about shifting current market pitfalls.
There are numerous identified gains to RPA. Adopting businesses report