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• Repetitive searching for financial
information, copying and pasting values
into reports
• Painstakingly trawling through hundreds
of transactions to find mismatches which
cause balance sheet imbalances
For an organisation with about 40 full-time
accounting staff, this equates to savings
of 25,000 hours per year or put differently,
about a R6-million saving. The survey says
those departments that have experimented
with RPA in their reporting processes have
www.intelligentcio.com
FEATURE: RPA
reported a series of additional benefits,
from less staff time fixing mistakes and
more time allocated to analysis and
decision support work.
RPA can already handle much more
involved processes such as matching large
volumes of transactions, certifying account
reconciliations or even collecting and
compiling complicated financial reports.
Robots will arguably do a better job than
human beings, they don’t need to take
Fanie Botha, the COO of
FIRTech Holdings
INTELLIGENTCIO
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