Manage risk and increase efficiency through automation
Robotic process automation (RPA) is quickly evolving to a new hot topic in the Finance world. Automation has been around for a while, but RPA is deploying logic-driven, configurable software-robots to capture and interpret primarily structured data. These robots can learn from prior decision and patterns to make decisions on their own. The financial industry is ideal for automation with the need for compliance and 24/7 accessibility. McKinsey estimates machines will do up to 10-25% of work across bank functions within the next few years. Activities like general accounting operations, cash disbursement, and revenue management are all prime for automation.
Here are 4 ways the financial industry is making automation the new standard both internally and with customers:
If you are looking for a partner in robotic process automation, contact us to learn how you can see these benefits throughout your organization.