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
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
Performing 2- and/or 3-way invoice matches
Maintain vendor master data
Generate batch payment and upload to bank platform
GL & Reporting
Automate journal entries
Monthly management reports
Payroll data entry
Employee data management
Compliance & reporting
Generating customer invoices
Applying cash to outstanding balances
Send late payment reminders to customers
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
of processes and prioritisation for automation
Lack of skilled
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.