To keep business operations running smoothly, most finance departments need to complete a lot of routine, repeatable tasks on a daily basis. A lot of this work involves document processing for activities like AP invoicing, order to cash, general accounting, financial reporting, reconciliation, and many more. Completing these tasks often requires tedious, manual effort from employees, whether it’s opening attachments, extracting data, or transferring that data to and from financial software systems or excel spreadsheets.
Over time, these manual intensive, redundant tasks often lead to employee burnout, which can result in errors, quality issues, and employee turnover. Overburdened employees can also lead to customer satisfaction issues as well as time delays in financial reporting, reconciliation, and AP invoice processing. Perhaps above all, manual processing takes time away from employees when they could be working on higher value activities, such as financial analysis, critical business thinking, and collaboration with other parts of the organization.
Fortunately, the tools of robotic process automation (RPA) are now available to automate a huge variety of tedious financial processes that cause bottlenecks in most organizations. Automation of these processes is helping finance departments across industries reduce costs, decrease errors, mitigate rework, reduce the time employees spend on document processing, and increase employee productivity.
Check out our webinar to see what RPA can do for your finance department. Here we explore:
- What RPA is, what it can and can’t do, and how it is relevant to your job
- How RPA and AI can automate document workflow processes
- What specific processes RPA can automate
- A demo of RPA invoice processing in action
- How to deploy RPA to maximize business value and impact
It’s a great time to start a conversation about how RPA can transform your finance operations. If you need help, Converge’s RPA experts are here to turn your vision into reality.