The impending automation revolution is not something to fear when it comes to the finance sector. Instead we should start looking at the possible benefits that automation could bring to this industry. For more visit: StuartConrad.net

1. HOW WILL AUTOMATION
IMPACT CORPORATE
FINANCE JOBS?
STUART CONRAD

2. ROBOTIC PROCESS
AUTOMATION
What is it?
Forbes estimates that finance
professionals spend more than three-
quarters of their time completing simple,
data-heavy tasks which leaves them little
time to focus on the analyzing and
making strategic decisions. RPA can do
the same items faster and more
accurately, and in tandem, free us up to
do the more important work.
S T U A R T C O N R A D | S T U A R T C O N R A D . N E T

3. Accounts
Payable
Roles that would
benefit from
automated practices
C O M P E T I T I V E E D G E
Accounts
Receivable
Payroll
Calculations

4. WHAT
COULD
RPA
HANDLE?
Because the range of financial functions is
so varied, RPA would not be able to fulfill
every duty but, it is equipped to handle
tasks such as general accounting, financial
reporting, cash distribution, and even
revenue management.
By handing responsibilities like these over
to software, we are increasing the
productivity and efficiency, as well as
cost-effectiveness of our overall financial
processes.
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5. WHILE JOBS THAT ARE ROOTED IN
QUANTIFIABLE DATA, SUCH AS HARD
FACTS, REPORTS, AND NUMBER, ARE
LIKELY TO BE AUTOMATED, IT IS
MUCH LESS LIKELY THAT WE WILL GET
TO THE POINT THAT WE CAN REPLACE
THE HUMAN JUDGMENT THAT GOES
INTO MANY FUNCTIONS OF FINANCE.
Quantifiable

6. QUALITATIVE
Qualitative job responsibilities that
require emotional intelligence,
strategic management, and even
most client interactions will still
need the human touch.
The implementation of automation into
those simple, everyday tasks will open up
your time to provide better service.
S T U A R T C O N R A D | S T U A R T C O N R A D . N E T

7. THE FUTURE
There are conversations about the process of
machine-learning and the possibility of
cognitive-automation, where the software
learns and improves based on new
experiences, but these conversations are still in
the beginning stages. We can look forward to
hearing about how AI has the potential to
assist us in auditing processing, processing
transactions, and even monitoring compliance,
but for now, it is hopeful that we will be able to
spend more time on the critical tasks and
provide better service to our companies and
clients.
S T U A R T C O N R A D | S T U A R T C O N R A D . N E T

8. THANK YOU FOR WATCHING!
Created by:
Stuart Conrad
Visit me at:
StuartConrad.net
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Medium:
@stuartconrad