Robotic process automation (RPA) simply involves using software – known as a ‘robot’ – that is programmed to perform high volume, rules-based repetitive tasks that are normally carried out by people interacting with a computer.
Robotic process automation (RPA) and artificial intelligence (AI) are tools that sit on the spectrum of cognitive technologies, and some vendors' offerings are converging. Here you can see the differences.
Learn the essentials about RPA , including the different actions robots can perform and the criteria needed for RPA to be an option, through this e-learning module.
Understand the digital revolution and what it means for finance functions and for you in this e-learning module created for ICAEW members. It covers the influence on our personal, professional and social lives, before exploring the impact on finance functions, the opportunities and the challenges.
What opportunities does RPA offer?
The processes that lend themselves to Robotic Process Automation (RPA) are those that are high volume, low complexity and very manual. Within finance functions there are many opportunities, particularly within transaction processing.
Implementing robotic process automation (RPA) isn’t just about cutting labour costs. Here we outline all of the potential benefits to consider when compiling a business case.
Complete ICAEW's e-learning module on RPA to find out more about the different finance processes that can be automated and watch how a robot works to do this in real-time.
To realise the benefits of robotic process automation (RPA) you must first identify processes where the technology will work. Here we provide eight criteria which will help to identify areas where RPA may offer most value to your organisation.
How to implement RPA
There are now a growing number of finance functions using process robotics and automation to automate accounting routines. In this webinar, David Wright, Consultant at Deloitte, explores a number of case studies of how this is being done and lessons learned.
Alison Spottiswoode and Tim Grassam, from RPA software provider Blue Prism, offer practical insights into how to set up and run pilot robotic process automation projects in your organisation, drawing on the firm's 10 years of experience.
Top tips on practical considerations when implementing Robotic Process Automation, from finance professionals who have been piloting RPA in their organisations.
A list of key risks to consider when planning to implement Robotic Process Automation into your finance function, and suggestions on how these can be mitigated.
Della Hudson, Consultant, Author of The Numbers Business, and former owner of Hudson Accountants Ltd writes about her experience of automation as a start-up owner.
Sam Horton, Finance Strategy and Operations Director at Johnson & Johnson, describes the firm’s RPA journey, including the challenges that it faced and how these have been overcome, as well as the benefits of standardisation, improvements in work flow and greater accuracy.
Preparing yourself and your organisation for the impact of disruptive digital technologies might feel like a daunting task, but this eLearning module introduces you to a three step approach that is designed to help businesses embrace this change within finance.
Finance in a Digital World
ICAEW is collaborating with Deloitte to ensure its members and students have the knowledge and skills to take advantage of the opportunities offered by the fourth industrial revolution and to meet its challenges head on. Log-in to access exclusive content, including: eLearning, webinars and bite-sized summaries on individual technologies and the broader impact of digital technologies on finance.
Each year Deloitte publishes its Global Robotics Survey where it asks businesses around the world about their awareness and implementation of RPA.
The IRPA AI is an independent professional association and knowledge forum for the buyers, sellers, influencers and analysts of robotic process automation, cognitive computing and artificial intelligence. The Knowledge Forum includes: thought leadership videos; articles, white papers and case studies; industry perspectives and expert Q&A's.
Deloitte guidance on the adoption of robot-led automation. Includes five steps to automation adoption and a checklist.
Website run by professors Leslie Willcocks and Mary Lacity, two respected researchers, speakers and writers in the field of knowledge work automation. It hosts information and videos on RPA and cognitive automation.
An article from Grant Thornton giving guidance on how to avoid common pitfalls in implementing RPA.
News and features from Computerworld on robotics.
Latest content from ICAEW on RPA
Drawing on real-life experiences, this collaborative thought leadership report by ICAEW and the Institute of Chartered Accountants of India (ICAI) considers how finance functions can harness automation to deliver greater value to business and the skills needed by accountants in the future.
Internal best practice design and controls are critical tools to ameliorate the risks in deploying cognitive technologies. However, in particularly important cases, or where the risk is unacceptably high, organisations should consider bringing in additional expertise to validate their design principles, controls or the model itself.
Organisations need to tackle the risks associated with adopting cognitive technology so that they can benefit from the potential efficiencies and insights that it can offer.
From automation of complex processes to analysis of subtle patterns to aid planning, cognitive technology can be a powerful business tool. However, the pace of innovation has been accompanied by concerns over the risks that new and emerging technologies pose, creating a demand for ways to understand, mitigate and control these risks.