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Can Robots help with Finance and Accounting Computers Articles | July 29, 2015

Finance and accounting processes follow well defined rules and timelines. These processes are typically supported by automation through the use of Enterprise Resource Planning Titans Taywan Taylor Jersey , Business Process Management, Accounting and Business Intelligence Reporting software.




However, a significant amount of work is left for staff to complete.

The work performed by staff within a Finance and Accounting department is often associated with entering or updating information and moving information between systems. This staff workload is often cyclic, with end of month Titans Adoree' Jackson Jersey , end of quarter and end of year peaks.

Finance and Accounting Robotics Software is ideally suited to performing this rules based on screen work and as a result, freeing up staff to perform more analytical types of work. Additional Robots can also be deployed to handle peak workloads, significantly reducing the long days and overtime costs often encountered at peak workload times.

Many Finance and Accounting departments have outsourced their simple on-screen, rules based Titans Corey Davis Jersey ,transaction type work to business process outsourcers with offshore operations in geographies with much lower costs of labor. However, Robots can now perform that work at a fraction of the cost of these low labor geographies, allowing corporations to repatriate the work and achieve even greater cost savings by eliminating the management and contract oversight required when dealing with outsourcers.



Auditing Robotic Software provides another innovative opportunity to take advantage of Robotics within the finance and administration function. These robots can be trained to audit staff or other processes to ensure activities are compliant to company rules and policies, as well as demonstrate compliance to regulatory requirements. Given the speed and accuracy of Robots Titans Harold Landry Jersey , 100% of critical activities can be audited in this fashion.



Robots do not make human errors and only perform exactly what they have been trained to do. Each step performed by a Robot is ed and the amount of work to be performed by staff can also be reduced.

These are just some of the benefits of Finance and Accounting Robotics Software and Auditing Robotic Software, looking back at current practices. Looking forward, Robotics can provide innovative new ways of performing finance and accounting work and providing new services and business insights to all stakeholders. By implementing Robotics Titans Delanie Walker Jersey , fin. Wholesale Max Shoes Cheap Nike Shoes Shop Wholesale Nike Shoes Cheap Jordan 11 Cheap Nike Shoes Online Cheap Air Max Womens Cheap Air Max Online Cheap Nike Air Max 90 Cheap Air Max 270 Kids Air Jordan 6 For Sale