Robotics: Seizing the Opportunity in Finance

Drive greater efficiency, compliance and a more productive workforce

Embrace robotics in finance

Many finance leaders are on the cusp of embracing robotic process automation (RPA) to structure more efficient finance teams, reduce costs and improve compliance. In fact, 50% of controllers are in the process of implementing or have already implemented RPA in their teams, and that number is predicted to grow to 88% over the next two years.

What do CEOs think?

CFOs are uniquely positioned to lead the way on the enterprise’s robotics efforts. In a 2018 survey of CEOs, Gartner found that CEOs view the CFO as a key contributor to digital initiatives (second only to the CIO). In the same report, CEOs reported a lack of talent and workforce capability as the top inhibitor of digital progress.

Benchmark your approach to RPA

RPA is optimal for routine, rule-based tasks and basic operations because it can work and interact with existing systems, following programmed instructions as a person would. Read key considerations and how shared services leaders think about using RPA.

Get started on robotics

Implementing robotics is much faster than implementing traditional finance technology. But not all work is a good fit for automation. Identifying the best use cases for RPA (there are currently about 50 of them) is a critical first step.

Gartner can help you understand the right places to deploy RPA, proven methods for tracking and assessing its benefits and techniques for handling its impact on finance team design and structure.

Take action

Develop your finance AI strategy

If you treat robotics like most technology, you’ll move too slowly. Robotics is a lower-risk, cheaper and more intuitive option, so you don’t need as much upfront planning. Be quick and agile with this guide to finance automation.  

Build a plan for bots

Use consultants if you need them, but you may be able to implement robotics on your own. Gartner can help you navigate complexity and build a great robotics roadmap.

Launch your robotics initiative

Access our robotics implementation guide to reduce the guesswork. Follow these five steps to ensure your efforts are coordinated and efficient:

1. Centralize robotics governance.

2. Define key robotics-related roles.

3. Stay on top of new opportunities and evolving technologies.

4. Manage the people side of robotics.

5. Track performance and impact.

Trendspotting bots in finance

AI: Your investor’s newest advisor

Sixty percent of earnings calls are spent on Q&A. Robots now scrutinize earnings calls, detecting lies, hidden sentiment and making conclusions that will affect analysts’ investment decisions. Do you know what the bots are listening for?

Read our guide to avoid being misheard.

Insights you can use

How will robots reshape your function?

Case in point: Restructuring the controllership for bots

Progressive corporate controllers recognize the need to design a workforce that enables robots to carry out automatable tasks, free from human interference. Learn how one company implemented RPA and restructured the organization to create 40% more capacity for all FTEs.

Procurement is next in line for an upgrade to AI

Procurement leaders are where shared services leaders were a few years ago with no plans to implement RPA. Learn why bots are quickly gaining traction as the solution for manual, time-consuming procurement processes.

RPA risks and use cases in internal audit 

Because RPA is so easily implemented, audit teams must be ready to provide effective assurance over RPA. Read our guide to understand the key implementation risks, as well as how bots can benefit the internal audit department.

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