Many finance and accounting teams, underneath enormous tension and facing resourcing troubles stemming from the pandemic, are turning to automation for solutions. The automation place, which grew at a compound annual advancement level of 30% from 2017 by 2022, will have to now also contend with COVID-19 as an accelerant.
Though intelligent and cognitive automation is now on the scene, robotic method automation (RPA or “bots”) continues to be an necessary steppingstone in bringing automation into an organization’s operations — and 1 that stands to yield sizeable positive aspects and gains.
RPA especially can help lower inefficiencies and streamline mundane processes, enabling CFOs and finance teams to focus on extra strategic priorities that demand from customers their focus, like extra repeated forecasting and analysis and heightened communications with investors about shifting marketplace dangers.
There are lots of identified gains to RPA. Adopting companies report charge personal savings, higher