The digitization of the finance function gives rise to not only major challenges, but also considerable potential. The successful integration of such new technologies is developing more and more into a decisive competitive factor. CFOs, for example, simplify and accelerate their processes many times over with digital workflows. Many standardized processes can now be automated to a high degree, even in complex and heterogeneous system landscapes, with the help of Robotic Process Automation (RPA) or initial methods involving artificial intelligence (AI).
Repetitive and error-prone processes should be a thing of the past thanks to Robotic Process Automation (RPA). The application of these software solutions is already part of everyday life in large companies and even smaller companies can benefit massively from their application in order to make processes faster, more stable and more cost-effective.
RPA is based on the use of software robots, which imitate the clicks and inputs of employees in order to execute the processes fully automatically. RPA serves not only as an interface between different systems, but also as an opportunity to save costs and shorten process times, so that employees can concentrate on the value-adding tasks in the company.
When Should You Automate & Digitize your Processes?
Our services in the area of process automation/digitization are particularly relevant for you in the following situations:
- Generally a large share of manual and staff-intensive activities in the area of finance without sufficient IT support
- No or only limited use of electronic workflows/document management systems, rather circulated folders instead
- No or only limited use of automatic approval processes or controls
- Digitizable data such as bank statements or account movements are transferred manually
- Redundant, repetitive or error-prone transactions are executed manually
Support for Process Automation & Digitization
Our services in the area of process automation/digitization include in particular:
- Development of a digital finance roadmap for your company, consisting of short-, medium- and long-term automation and digitization potential in the area of finance.
- Analysis of existing structures, processes and systems in the area of finance for automation and digitization potential
- Conception and implementation of automation and digitization measures in your company
- Software selection and implementation support for tools for Robotic Process Automation (RPA), digital workflows or predictive analytics
- Change management support for automation and digitization projects in the area of finance
If you are interested or have any questions, please contact us.