Robotic Process Automation (RPA) in Finance

Drive greater efficiency, compliance and productivity with finance RPA

Robotic Process Automation Initiatives

Around 80% of finance leaders have implemented or are planning to implement RPA. Still, cloud adoption and implementing new digital technologies remains a challenging feat.

Find out what your peers have to say about reducing cost, minimising effort and improving speed and accuracy with RPA.

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See the perspective of finance leaders on the emerging field of robotics process automation.

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    How do I increase ROI on finance robotics?

    Finance is under pressure to increase the ROI on finance robotics (sometimes called robotic process automation or RPA, smart automation, or intelligent automation). At the same time finance robotics must be scaled out of shared services and into other finance subfunctions such as procurement and tax.
    One RPA bot can displace up to 30% of the work of a full-time human employee (FTE).

    RPA automates finance processes

    Finance robotics is evolving from simple individual task automation to full process automation that could improve the accuracy of financial analysis and forecasts. Automating finance processes requires combining finance robotics with other intelligent automation technologies.
    RPA desired end state: a robot works for at least 20 hours per day, 7 days per week and 52 weeks per year.
    RPA desired end state: a robot works for at least 20 hours per day, 7 days per week and 52 weeks per year.

    RPA automates finance processes

    Finance robotics is evolving from simple individual task automation to full process automation that could improve the accuracy of financial analysis and forecasts. Automating finance processes requires combining finance robotics with other intelligent automation technologies.

    Finance RPA insights you can use

    Understand the right places to deploy finance robotics, proven methods for tracking and assessing its benefits, and techniques for handling the integration of finance robotics with team design and structure.

    Special Report: The New Digital Workforce

    Download this CFO Magazine special report featuring Gartner insights to discover:

    • how a top financial services company successfully piloted finance robotics;
    • the average costs of finance robotics;
    • use cases for finance robotics; and
    • the future state of finance robotics.
    Robotic process automation technology usually costs one-third the amount of an offshore employee and one-fifth of an onshore employee.
    More than 13,000 public companies produce upwards of 30,000 hours of earnings calls per year.

    Finance Robotics: Trendspotting Bots

    Is artificial intelligence your investors’ newest advisor? Gartner research reveals that 60% of earnings calls are spent on Q&A, which finance robotics can scrutinise to detect lies and hidden sentiment, and to make conclusions that will affect analysts’ investment decisions.

    Discover how advanced technologies impact your investors with this guide.
    More than 13,000 public companies produce more than 30,000 hours of earnings calls a year.

    Accelerate Digital Transformation

    CFOs play a pivotal role in steering their business to digitally enabled growth, with 94% planning to accelerate digital technologies in 2022.

    Download the “Digital Future of Finance” report to discover 10 opportunities for CFOs to accelerate digital transformation across both the wider business and the finance function, and discover how to position your organisation for success.

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    How Gartner helps with Finance Robotics and Automation

    Article

    Plan for finance robotics

    Thirty-two per cent of companies are implementing or have implemented finance robotics. Are you equipped to implement finance robotics in-house or should you consider a consultant? What lessons can you learn from companies that have successfully implemented finance robotics?

    Download robotics road map

    Article

    Structure the controllership to enable finance robotics

    To achieve the full benefit of finance robotics, corporate controllers need to restructure their workforce to enable automated work, free from human interference. Gartner studied how a global television company restructured its team to support finance robotics.

    Read case study

    Article

    Automate with finance robotics

    Half of shared services teams lack confidence in their ability to automate. Gartner studied leading shared services teams to identify common obstacles when installing finance robotics, capabilities required to keep pace with digitalisation, and steps for managing finance robotics.

    Find out more

    Gartner Finance Robotics Case Studies

    Defining internal control and governance for finance robotics programmes is essential: clearly delineate responsibilities between bot development, bot operations and bot outputs to yield full use of finance robotics and cost savings.

    Joey Mixon

    Director, Advisory, Gartner
    Case Study

    How does Gartner support finance robotics?

    Gartner helps an aerospace and defence company implement finance robotics, achieving cost efficiency and business buy-in.
    Read Case Study

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    How to Organise Your Finance Function

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