RPA Finance and Automation

What is Robotic Process Automation (RPA) ?

Interact with a computer-centric process with a software User Interface providing support

Configure software that will automate the activities or tasks previously performed by humans

Use a Robot to run applications non-invasively, exactly same way that a person works with that software

Replace repetitive tasks performed by humans, with a virtual workforce

Allow humans to make judgmental calls, handle exceptions and provide oversight

Key components involved

Attended Bot

Unattended Bot

Control Panel

Optical Character

Recognition

Task Mining

Process Mining

Key Benefits

Increase

productivity gains

Increase data

accuracy

Provide a platform for business to scale up

Fill in the gaps for manual work within an ERP process

What can RPA do for the Finance and Accounting Function?

Increase efficiency and effectiveness through automation and digitalisation

Perform manual and non value-added work, allowing Finance talent to focus on analysis and insights generation

Improve control & governance

Upskill Talent & increase productivity

Common Use Cases of RPA in
Finance and Human Resources

Accounts Payable

Performing 2- and/or 3-way invoice matches
Maintain vendor master data
Vendor reconciliations
Generate batch payment and upload to bank platform

GL & Reporting

Bank reconciliation
Intercompany reconciliations
Automate journal entries
Monthly management reports

Human Resources

Payroll data entry
Employee data management
Benefits administration
Compliance & reporting

Accounts Receivable

Generating customer invoices
Applying cash to outstanding balances
Send late payment reminders to customers

Other Areas

Download files from front-end systems and upload into ERP

Challenges Faced in RPA implementation

Low awareness & understanding of the business case of RPA by top management

Low understanding

of processes and prioritisation for automation

Lack of skilled

Business Analysts

and Developers

High resistance to

change by business users

Low maintenance capabilities

The AGOS Advantage for RPA

We are a group of Shared Services Practitioners with > 15 years of Finance Shared Services and Shared Services experience. We have been Senior Finance Leadership Team members and have the experience in driving implementation of large scale technology projects such as single instance ERP implementation, finance automation and RPA for Finance for organisations within FMCG, Fintech, pharmaceutical, public sector, shipping, retail clothing and automative

Our Finance Domain Expertise

We help Finance Shared Services and Chief Finance Officers in readiness activities, blueprinting, implementation and change management for ERP Implementation, Robotics Process Automation (RPA), Automation of Finance Processes and Automation of global Finance consolidation and Finance Analytics.

Our Finance Automation Implementation

Thus far, we have implemented 60+ Finance related RPA processes, ERP ( Oracle, SAP, Microsoft Dynamics, SAGE) , procure to pay solutions ( Esker, Ariba), visualisation tools, finance consolidation tools.

Our Superuser Business Knowledge

We have in dept business user knowledge for key ERP systems, procure to pay solutions, finance consolidation and visualisation tools.

Our Change Agent Role

We are effective change agents for your team in undergoing finance digital transformation. With our experience in managing 300 to 600 staff strength within Global FSS, we are able to bring out the best in the teams we work with.