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Are you ready to digitally transform finance?


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Transforming finance through digitally-based systems is a priority for business leaders. Learn about how RPA, while important, is really just the beginning of digital transformation.

Published in: Economy & Finance
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Are you ready to digitally transform finance?

  2. 2. DIGITALLY TRANSFORMING FINANCE In a recent Accenture survey, two-thirds of respondents said that transforming finance operations through digitally-based systems is a priority. 33% 48% said that they had already modernized their legacy systems and… had plans to do so
  3. 3. RPA IS JUST THE BEGINNING OF DIGITAL TRANSFORMATION With RPA, you can replace repetitive, transactional tasks and achieve benefits quickly. 40% UP TO Reduction of transaction costs 2-3 times increase in staff productivity All realizable within the first 12 months
  4. 4. GET MORE DIGITAL TRANSFORMATION BENEFITS WITH ARTIFICIAL INTELLIGENCE While the accounts reconciliation process can be 80-85% automated using RPA, when you pair RPA with AI, that percentage moves to 95% To support compliance and regulatory reporting, AI is also well suited for analyzing a company’s contracts to adjudicate what revenue gets booked
  5. 5. LIBERATING FINANCE PROFESSIONALS WITH RPA AND AI Free finance professionals to concentrate on analysis, planning and high-value advisory support. Analyzing Planning Advising 6 7 8 Transaction Processing Accounting Exercising Control Ensuring Compliance Reporting 1 2 3 4 5 RPA and AI automate over 80% of these finance tasks…. …shifting finance professionals’ focus to high-value work
  6. 6. Companies are seeing spectacular results from AI, ANALYTICS AND RPA
  7. 7. LOGISTICS COMPANY Increased process standardization from 1% to 80% • reduced invoice processing time from 15 days to 1 • improved error-free processing from 30% to 75% • reduced costs 30% AI and RPA deployed to improve finance operations and improve working capital 80%
  8. 8. GLOBAL TRUCK MANUFACTURER $3 billion in revenue gains and capital efficiency improvement Applied advanced analytics and detailed market data analysis to match its capabilities to market needs
  9. 9. GLOBAL IT COMPANY Improved ability to identify non-compliant T&E claims by 60% • saved the company more than $50 million per year • reduced human effort in the auditing process up to 50% Established AI-based solution to improve time and expense (T&E) process 60%
  10. 10. Reduced false positives by up to 30%, allowing staffers to focus on the accounts that require human judgment and expertise AI and machine-learning algorithms segment transactions and accounts LARGE GLOBAL BANK 30%
  11. 11. RULES FOR LEVERAGING AI IN FINANCE #1 #2 #3 #4 #5 Design for outcomes that have meaningful business impact.
  12. 12. RULES FOR LEVERAGING AI IN FINANCE #1 #2 #3 #4 #5 Leverage ecosystem partners and build on existing technologies developed by others.
  13. 13. RULES FOR LEVERAGING AI IN FINANCE #1 #2 #3 #4 #5 Think beyond automation. Re-imagine processes through the lens of AI, deploying it to augment employee capabilities and achieve performance improvements.
  14. 14. RULES FOR LEVERAGING AI IN FINANCE #1 #2 #3 #4 #5 Build closer partnerships between the business and IT —a must for transforming specific business processes.
  15. 15. RULES FOR LEVERAGING AI IN FINANCE #1 #2 #3 #4 #5 Invest in upskilling employees to prepare them for assuming future roles of higher value.
  16. 16. And move beyond the hype
  17. 17. THANK YOU To hear more from us on Intelligent Operations, visit our blog Copyright © 2018 Accenture. All rights reserved. For full survey details, visit: