CFO: How Finance Leaders Can Use RPA to Elevate the Value of Finance
Finance teams typically spend a disproportionate amount of time on routine transactional processes while devoting too little time to other efforts, such as analysis and planning, where they can contribute their training and skills.
For finance leaders, robotic process automation (RPA) is emerging as a top priority because it enables companies to use software exclusively for repetitive tasks, including those associated with order-to-cash, procure-to-pay, and record-to-report, all of which have traditionally been the responsibility of finance teams.
But to use RPA effectively, finance leaders need to make sure that the primary aim of automating routine tasks is not to reduce costs but rather to enable finance teams to focus on strategic endeavors in which they can increase their value to their companies.
During this Webcast, we will discuss:
- Why RPA is gaining the attention of finance leaders now
- Which types of processes lend themselves best to RPA
- How RPA is changing the roles of finance teams, as well as the skills CFOs seek from them
- What finance leaders need to know about the latest developments in RPA, including the use of artificial intelligence, to streamline and elevate the value of the finance function