Robotic Process Automation, or RPA, is the topic on everyone’s mind in the finance community today. However, Trintech takes RPA one step further with Risk Intelligent RPA™ (RI RPA). But what is RI RPA, how does it affect the close process, and how are other companies currently utilizing automation to transform their financial close?
Simply put, Risk Intelligent RPA allows your organization to live in a risk-based world – one where the robots know the tolerances that are allowed in your organization’s policies and automatically run activities according to them, only notifying a person when there is a core issue to be resolved. 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.
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A complimentary best practice guide highlighting the What, Why and, most importantly, How of R2R transformation. Financial Shared Services are tasked with both improving finance efficiencies and reducing costs while providing a higher quality, higher value service to the business. In short, delivering more with less. They know the importance of driving standardisation and transformation at the process level, but find it difficult to know how and where to start due to the large number of ongoing projects. Our goal with this book is to help Financial Shared Services to start to address the ‘How’ and help build a roadmap to transformation to deliver costs savings, meet FTE goals, improve visibility, achieve a faster close, and improve resource optimization. .Read More