Seventy-three percent of chief financial officers are looking at new technologies as ways to streamline processes and add value to their organizations, according to Protiviti’s 2019 Finance Trends survey. There are many off-the-shelf solutions that promise to help them do that by automating everything from check processing to call centers. Another sometimes overlooked solution is robotic process automation (RPA). In finance, one area where it has proven particularly useful is in account reconciliations.
This article summarizes how one of the most labor-intensive finance department activities, RPA, can offer great value and an immediate return on investment.