Despite the digital age we all live in, it is not uncommon for even enterprise-class organizations to rely on spreadsheets, emails and phone calls to manually manage tasks critical to the Close. Still, we all know that this approach is not a strategic, beneficial, growth-oriented, or long-term solution. Do you want your highly skilled people managing menial, manual activities or do you need them focused on delivering valuable insights to your business so it will grow and adapt as your industry changes? I think we all know the right answer to this question…
As we’ve seen time and time again through our work with industry-leading companies around the world, by moving from a mostly manual process to advanced automation, Finance and Accounting (F&A) professionals are able to shift their focus to strategic, value-adding initiatives, allocating time to evaluating new opportunities and genuinely impacting their organization.
World-class companies are now realizing that Trintech’s RI RPA can be utilized to not only lower costs and reduce errors, but also improve compliance by inspecting, automating and triggering remediation. RI RPA looks to optimize the process, so that users can go beyond balancing the workload and eliminating manual work, to analyzing the data and applying creative intelligence to tasks such as problem solving and evolving the business. This not only delivers improved value to the business, but is also the type of high value work most likely to attract and retain high-quality people.
Whether you have automated none, some or all of your processes, our recommendation for you is to be proactive. Invest in a financial automation solution that is not only going to improve aspects of what you have today, but will also provide your organization with a platform that can support end-to-end process excellence in the future.
For more information on this topic, register to our upcoming webinar, “How to Transform Your Office of Finance in 4 Steps.”
Written by: Kelli Shoevlin