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Here is my take On Intelligent Automation: Business Growth in Finance and Accounting

December 20, 2023 by Jason Juliano

Buckle up, financial leaders! We’re diving headfirst into the hottest trend transforming your industry: intelligent automation. Let’s ditch the jargon and dissect this AI-powered beast, focusing on its trusty sidekick, RPA (Robotic Process Automation). This ain’t about replacing humans; it’s about recalibrating our focus, freeing us from grunt work to conquer bigger business goals.

Imagine: robots tirelessly crunching numbers, filling forms lightning-fast, and managing accounts with error-proof precision. That’s RPA in action, saving millions on personnel costs while boosting accuracy and efficiency through the roof. This ain’t a sci-fi movie; it’s your future, and it’s closer than you think.

But hold on, cowboy. Before we unleash the bots, let’s deconstruct RPA:

  • Think software bots, programmed to handle repetitive tasks like data entry, report generation, and even customer onboarding.
  • Picture relentless accuracy: robots don’t get bored or distracted, meaning fewer errors and happier auditors.
  • Speed, my friend, speed: these bots work 24/7, churning through tasks 32 times faster than manual work (UiPath stats, baby!).
  • Existing systems become allies: RPA plays nice with your current software, like ERP and CRM, meaning faster implementation and ROI.

Now, let’s dive into the financial benefits:

  • Cost savings: robots cost about one-third the price of a human, and with 24/7 workdays, the savings snowball rapidly.
  • Accuracy on steroids: say goodbye to human error. Robots work like laser beams, delivering flawless results every time.
  • Efficiency unleashed: imagine tasks done in seconds, not hours. That’s RPA, giving you back precious time for high-impact work.
  • Data tamed: unstructured data in emails, PDFs? No problem. RPA extracts and organizes it seamlessly.
  • Employee happiness: free your team from tedious tasks, and watch morale and productivity soar.
  • Scalability: need more firepower? Just add more robots! RPA flexes with your needs, always on standby.

Ready to see RPA in action? Picture this:

  • Accounts payable/receivable: robots manage payments flawlessly, ensuring timely transactions and happy vendors.
  • Financial closing: say goodbye to Excel hell. RPA extracts data and updates sub-ledgers automatically, making closing a breeze.

The time for manual madness is over. Embrace intelligent automation, unleash the power of RPA, and watch your financial future rise like a phoenix. Remember, I’m always here to guide you to business breakthroughs, and that’s exactly what intelligent automation delivers. So, what are you waiting for? Let’s automate and dominate!

Filed Under: Financial Services, Technology Solutions

About Jason Juliano

Technology Executive | Leader in Data, Cognitive / AI, Automation, CyberSecurity, Risk Management & Compliance. IBM Champion @Jason_Juliano

About Me

Business Tech Leader, Entrepreneur & Humanitarian. Wannabe Chef and Explorer. Digital Transformation Leader. Focus on AI, Automation, Blockchain & Risk Management.

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