This course is a continuation of our series on digital transformation. In this course we begin to delve into the topic of Robotic Process Automation (RPA) as it applies to the accounting and finance function. Most RPA implementations begin in the finance and accounting department The finance and accounting function’s role historically means many processes are repetitive and rule based. These are two of the most important criteria in identifying good RPA candidates.

Robotic process automation (RPA) is a software automation tool that automates routine tasks such as data extraction and cleaning through existing user interfaces. The robot has a user ID just like a person and can perform rules-based tasks. Examples include accessing email and systems, performing calculations, creating documents and reports, and checking files.

Prior to delving into an RPA initiative, it is important to have an understanding of the impact of automation, the challenges of RPA and the embedded concepts of RPA such as bots, bot manager and workflow design. These are all elements important to an effective RPA initiative.

In this course we explore RPA in the accounting and finance function.