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Insight: Automation in Finance

Jun 05, 2019


May 31, 2019

AI moves into the finance industry with using Robotic Process Automation (RPA) to perform certain tasks automatically. This can include processing transaction, audit processes, and monitoring compliance. RPA is known to increase efficiency and profitability when combined with proper change management processes. According the Gartner, companies who have implemented RPA within their teams have cut costs using RPA since it costs one third of the amount of money compared to an off-shore employee and one fifth the amount of an onshore employee.

How you should use this in your negotiations?

Using RPA gives you the time to prepare for the negotiation process. Knowing accurate information within a short period of time gives you the advantage over your negotiation partner. Implementing automation within your teams give you the opportunity to lead innovation and enhance techniques instead of processing routine tasks.