Robotic Process Automation (RPA) Moves Beyond Finance: 4 Popular Use Cases
The Enterprisers Project, February 24th, 2020
February 24, 2020,
Volume 263, Issue 4

While Robotic Process Automation makes plenty of sense for repetitive finance tasks, functions such as marketing, HR, and IT are also finding RPA use cases. Let's examine a few

"Finance is commonly mentioned as a business unit ripe with opportunities for Robotic Process Automation (RPA). It makes sense: RPA is often a fit for repetitive, high-volume, computer-based tasks. Finance is full of those, from invoice processing to financial reporting and plenty more.

When Gartner interviewed more than 150 corporate controllers last year about RPA, the vast majority (88 percent) said they expected to have some form of RPA implementation in place in 2020. By Gartner's count, a corporate finance department could save its accounting team around 25,000 hours of manual rework each year caused by human error each year in their financial reporting processes alone. That 25,000 hours of rework costs a company with a 40-person accounting team $878,000 annually, according to the research firm..."

Read More ...

Keywords:

 
Other articles in the IT - AI section of Volume 263, Issue 4:

See all archived articles in the IT - AI section.