Robotic Process Automation (RPA) still seems like a buzzword to many. The practical usage and ROI of automation are still a struggle for the CFO. This leads to a lack of trust in the technology which results in a downward spiral for the company.
Why do CFOs not trust automation?
Today, it’s quite surprising for CFOs to still doubt RPA and the impact it can make in the organization. The plethora of information available should erase any uncertainty that remains.
“RPA is one of the key tools we have in our toolkit which enables broader digitization of our internal processes.”
Andrew Davies | CFO and Executive Sponsor of the Intelligent Automation Program | Sprint
This quote from Andrew states the incredible collaboration of Sprint with Automation Anywhere. And, the outcomes were truly amazing:
- 20K hour saved
- 50+ automations developed
- 50+ additional use cases in the pipeline
Dispelling the myths around automation is a challenge, but many CFOs are embracing RPA to their advantage. According to CFO.com, more than three-quarters (77%) of the survey respondents said that at least 1 in 20 members of their finance team were “virtual,” meaning they were using RPA and other automation capabilities.
Keep this in mind…
- The combination of experience and automation can create a powerful punch. – AND –
- The longevity and growth of your organization depends on you adopting and trusting RPA as vital asset.
Resources:
- https://ramp.com/
- https://ramp.com/blog/ramp-series-c
- https://www.paymentsjournal.com/move-over-automation-the-future-of-finance-is-autonomous/
- https://home.kpmg/nz/en/home/insights/2018/06/Data-versus-Intuition.html
- https://www.collinsdictionary.com/dictionary/english/technophobia
