Organizations adopting intelligent, enterprise-wide automation are choosing finance as one of the best places to start their digital transformation. According to a recent Forbes Insight survey, \u201cfinancial transactions or reporting\u201d were among the top five most frequently automated processes. But what is Intelligent Automation (IA) and how does it work in finance and accounting processes? <\/p>\n
Intelligent automation platforms enable organizations to extend and enhance already \u201coptimized\u201d processes. It is the next generation of robotic process automation (RPA), combining cognitive capture, mobile capability and interaction, process orchestration and analytics into an open platform for seamless RPA work. <\/p>\n
Here are five surprising ways intelligent automation creates value in finance and accounting: <\/p>\n
Increased capacity, productivity and accuracy <\/p>\n
Unlike humans, software robots don't get tired. They work 24 hours a day, 7 days a week and never make mistakes due to exhaustion. While experts claim that human interaction is responsible for two to five errors per 100 tasks, robots are more accurate at repetitive tasks. A scalable enterprise automation solution can automate hundreds of use cases across an organization with centralized management. <\/p>\n
Increased employee satisfaction <\/p>\n
Imagine if staff had the freedom to do important work and still get home at a reasonable time every day. When time-consuming, manual tasks are automated, employees have greater job satisfaction and a better work-life balance. In fact, more than 20% of finance participants in the Forbes Insight survey stated that employee satisfaction has increased more than 25% as a result of automation. <\/p>\n
Increased customer satisfaction and loyalty. <\/p>\n
Customers are pleased when they receive consistently accurate results - this applies to external customers, internal customers, suppliers, etc. Nearly half (48%) of Forbes Insight's finance and accounting respondents indicated that customer satisfaction is the most important metric directly related to their job performance. Without leveraging business automation, some felt that providing a better customer experience becomes a missed opportunity. <\/p>\n
4. Reduced risk and increased regulatory compliance <\/p>\n
Mistakes are common. After all, humans are only human. An estimated 88% of process errors are due to human resources. Automation improves accuracy and standardization to reduce the risk of non-compliance and helps organizations keep pace with increasing regulatory requirements. <\/p>\n
5. Increased innovation and competitive differentiation <\/p>\n
Organizations excel when intelligent automation takes care of the heavy lifting and employees focus on important ideas that create market opportunities. The Forbes Insight survey revealed that finance respondents ranked \u201cagility and speed\u201d as the highest of eight missed opportunities for not making use of business automation. <\/p>","protected":false},"excerpt":{"rendered":"
Las organizaciones que adoptan la automatizaci\u00f3n inteligente a nivel de toda la empresa est\u00e1n optando por el \u00e1rea de finanzas como uno de los mejores lugares para iniciar su transformaci\u00f3n digital. Seg\u00fan una encuesta reciente de Forbes Insight, “las transacciones financieras o la elaboraci\u00f3n de informes” figuraban entre los cinco procesos automatizados m\u00e1s frecuentes. Pero, […]<\/p>\n","protected":false},"author":12,"featured_media":5882,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_joinchat":[],"footnotes":""},"categories":[1,82],"tags":[],"class_list":["post-5877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categorizar","category-digitalizacion"],"acf":[],"_links":{"self":[{"href":"https:\/\/yakidoo.com.pa\/en\/wp-json\/wp\/v2\/posts\/5877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yakidoo.com.pa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yakidoo.com.pa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yakidoo.com.pa\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/yakidoo.com.pa\/en\/wp-json\/wp\/v2\/comments?post=5877"}],"version-history":[{"count":5,"href":"https:\/\/yakidoo.com.pa\/en\/wp-json\/wp\/v2\/posts\/5877\/revisions"}],"predecessor-version":[{"id":5891,"href":"https:\/\/yakidoo.com.pa\/en\/wp-json\/wp\/v2\/posts\/5877\/revisions\/5891"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yakidoo.com.pa\/en\/wp-json\/wp\/v2\/media\/5882"}],"wp:attachment":[{"href":"https:\/\/yakidoo.com.pa\/en\/wp-json\/wp\/v2\/media?parent=5877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yakidoo.com.pa\/en\/wp-json\/wp\/v2\/categories?post=5877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yakidoo.com.pa\/en\/wp-json\/wp\/v2\/tags?post=5877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}