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SERVICES

Robotic Process

Automation

Robotic Process Automation (or RPA) can help complete financial tasks faster and more accurately than ever before.

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What is Robotic Process Automation (RPA)?

RPA is innovative technology that utilises programmable robots ('bots') to imitate human processes to complete basic, repetitive and mundane tasks – allowing employees to focus on more meaningful and value-adding activities.

These bots work with your existing IT systems which makes implementation simple. Consider the way that a macro works in excel – this is the same way RPA works across your whole computer.

How does RPA actually work?

RPA processes and extracts data, with much more consistency and speed than a human ever could.

It works best when you have large data sets that need filtering, reviewing and/or importing from one system to another. It relies on a pre-defined rules to ensure proceses are completed accurately and in the right sequence.

Imagine setting up a series of step-by-step instructions for a task. You program the RPA bot to undertake those instructions over and over again as soon as an event is triggered – for instance, when an invoice is issued or an order comes in. The RPA bot is activated, and it completes the follow-up tasks in seconds, ready for the next one.

How does RPA work for your Finance Department?

RPA is revolutionising the way businesses approach the transactional/operations side of their Financial Department. As part of our Financial Department as a Service (FDaaS), Dexterous utilises RPA to perform several financial functions on your behalf, such as:

  • Accounts Payable
  • Accounts Receivable
  • Expense Processing
  • Financial Forecasting
  • Data Processing & Management
  • Compliance Reporting

Imagine having these tasks automated by bots and professionally monitored by experienced financial specialists.

RPA offers great value and many benefits, such as the ability to increase staff engagement, reduce multi tasking and also ensuring you can make more timely decisions.

    BENEFITS

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    Reduced costs

    RPA removes those manual, mundane and tedious tasks from your business allowing you to either reduce costs.

    Alternatively, you can reallocate resourcing to higher value tasks once they're freed of the tedious tasks.

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    Increased accuracy, efficiency and compliance

    The process of completing monotonous and repetitive financial tasks can often lead to boredom and inattention, which can then lead to errors and inconsistencies. An RPA bot will complete these tasks with more accuracy and speed than a human ever could, enabling your business to better meet your compliance obligations and make better business decisions.

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    Better employee and customer engagement

    RPA takes care of all the mundane and tedious tasks, allowing your employees more time to focus on value-adding work, as well as increasing engagement, as they're not tied down performing time consuming mundane tasks.

    Likewise, they will also have more time to communicate more effectively with your customers – achieving better service quality overall.