A common question when considering Robotic Process Automation (RPA), is “Which business activities would I automate first?” While there is no one-size-fits-all answer, there are common characteristics in certain activities that make them easy to automate. Ask yourself these questions:
What activities are performed frequently? Are these activities time-consuming? Is the data generally in a consistent format?
The following automations can stimulate ideas on how RPA can apply to some of your processes:
Tedious Activity: Financial Reconciliations
Involves: Cash accounts, balance sheet accounts, sub-ledgers
Tedious Activity: Billing
Involves: Time sheet, drawings, quality assurance records)
Tedious Activity: Account Provisioning and Compliance
Involves: Core systems, security matrices, Excel forms, PDFs, contracting systems)
Tedious Activity: Operational Finance and Accounting
Involves: CRM, Contract Management Solution, Billing system, General Ledger, and more)
Tedious Activity: Cash Flow Forecasting
Involves: ERP system, accounts receivable, accounts payable, importing, cash forecasting excel model
It is never too early to discuss how these processes, or others, can be automated to create more value in your business. Contact us today. Our Rapid Automation Assessment will identify your best opportunities for automation in 2-4 weeks and with our accelerated implementation approach, you’ll have your first automated process running in as little as 60-90 days.