A trade association representing accountants and finance professionals has provided its members with a blueprint of how organizations that are at the beginning of their automation journey can leverage and scale RPA effectively.
In Transforming the Finance Function with RPA, the Institute of Management Accountants explores RPA and how the technology can impact finance and accounting.
“In today’s business environment, accounting and finance professionals are being asked to do more with less, and many are just treading water,” said Loreal Jiles, director of Research, Digital Technology and Finance Transformation at IMA and author of the report. “Unlike other digital transformation projects, initial RPA pilots can be implemented in a matter of days for well-documented processes, and RPA skills can be developed in a few short weeks, rather than months or years.”
According to Jiles, the report is intended to be a comprehensive guide for finance professionals to begin using RPA to focus on more value-added work.