
Robotic Process Automation (RPA)

RPA
Automation has revolutionized corporate finance by freeing up accountants and financial professionals to work on more strategic initiatives rather than manual processes and number-crunching. Robotics process automation (RPA) has emerged as a popular solution among some B2B FinTechs, including Gappify, which recently announced the rollout of an RPA-powered bot to automate accounting processes without requiring human intervention. RPA-based solutions are helping companies to more easily access data stored within on-premise ERP systems.
Framework Contents
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Understanding Robotics Process Automation (RPA)
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RPA as an alternative to outsourcing and offshoring
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RPA as an opportunity to automate repetitive, rule-based manual processes
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Benefits of RPA in terms of productivity and efficiency
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Importance of a well-defined, structured project with appropriate scope, budget, team, timeline, etc.
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Initial Research and Kickoff Process
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Working with vendors and solution providers to understand RPA technology
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Partnering with business groups to identify potential use cases for pilot
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Acquiring free pilot licenses and negotiating free services from solution providers
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Educating stakeholders about RPA and managing their expectations
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Comparing RPA with traditional automation
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Sectors where RPA can be implemented
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BPO Non-Voice sector
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Business Support Services (Finance, HR, Admin, Sales, Marketing, etc.)
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Data Analytics
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Compliance and Reporting
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IT
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BFSI (department focused on cost reduction)
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Insurance
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SAP users.