• About Us
  • Contact Us
askRPA
  • Home
  • News
    Gartner recently published its Magic Quadrant for Integration Platform as a Service, Worldwide, 2023 with 16 vendors

    Gartner recently published its Magic Quadrant for Integration Platform as a Service, Worldwide, 2023 with 16 vendors

    UiPath recognized Palo Alto Networks, Cushman & Wakefield, and Entrust as outstanding examples of companies adopting Test Suite to transform Application Testing procedures

    UiPath recognized Palo Alto Networks, Cushman & Wakefield, and Entrust as outstanding examples of companies adopting Test Suite to transform Application Testing procedures

    American Express to Acquire Nipendo, a B2B Payments Automation Company

    American Express to Acquire Nipendo, a B2B Payments Automation Company

    Vincix Group makes changes in leadership, announces new Director of General, CTO, and Heads of CoE, Delivery & HR

    Vincix Group makes changes in leadership, announces new Director of General, CTO, and Heads of CoE, Delivery & HR

    UiPath Introduces New Connectors and Migration Capabilities to Enhance and Streamline Next-Gen Test Automation

    UiPath Introduces New Connectors and Migration Capabilities to Enhance and Streamline Next-Gen Test Automation

  • Case Studies
    Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

    Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

    Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

    Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

    Dai-ichi Life Insurance Reports that They Saved Over 132000 Hours with Robotic Process Automation (RPA)

  • Blogs
    How is Citizen Automation different from enterprise RPA?

    How is Citizen Automation different from enterprise RPA?

    Why is an RPA Center Of Excellence (CoE) necessary for your company?

    Why is an RPA Center Of Excellence (CoE) necessary for your company?

    How does the Entertainment Industry leverage Automation?

    How does the Entertainment Industry leverage Automation?

    How can RPA, AI, and Intelligent Automation bridge the gap between the required and available skills?

    How can RPA, AI, and Intelligent Automation bridge the gap between the required and available skills?

    TuringBots and everything you should know about them

    TuringBots and everything you should know about them

  • IA Congress – March 2023 Chennai, India
  • Events
    • Intelligent Automation Congress – March 2023 Chennai, India
    • 6th International Intelligent Automation Congress
No Result
View All Result
askRPA
  • Home
  • News
    Gartner recently published its Magic Quadrant for Integration Platform as a Service, Worldwide, 2023 with 16 vendors

    Gartner recently published its Magic Quadrant for Integration Platform as a Service, Worldwide, 2023 with 16 vendors

    UiPath recognized Palo Alto Networks, Cushman & Wakefield, and Entrust as outstanding examples of companies adopting Test Suite to transform Application Testing procedures

    UiPath recognized Palo Alto Networks, Cushman & Wakefield, and Entrust as outstanding examples of companies adopting Test Suite to transform Application Testing procedures

    American Express to Acquire Nipendo, a B2B Payments Automation Company

    American Express to Acquire Nipendo, a B2B Payments Automation Company

    Vincix Group makes changes in leadership, announces new Director of General, CTO, and Heads of CoE, Delivery & HR

    Vincix Group makes changes in leadership, announces new Director of General, CTO, and Heads of CoE, Delivery & HR

    UiPath Introduces New Connectors and Migration Capabilities to Enhance and Streamline Next-Gen Test Automation

    UiPath Introduces New Connectors and Migration Capabilities to Enhance and Streamline Next-Gen Test Automation

  • Case Studies
    Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

    Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

    Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

    Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

    Dai-ichi Life Insurance Reports that They Saved Over 132000 Hours with Robotic Process Automation (RPA)

  • Blogs
    How is Citizen Automation different from enterprise RPA?

    How is Citizen Automation different from enterprise RPA?

    Why is an RPA Center Of Excellence (CoE) necessary for your company?

    Why is an RPA Center Of Excellence (CoE) necessary for your company?

    How does the Entertainment Industry leverage Automation?

    How does the Entertainment Industry leverage Automation?

    How can RPA, AI, and Intelligent Automation bridge the gap between the required and available skills?

    How can RPA, AI, and Intelligent Automation bridge the gap between the required and available skills?

    TuringBots and everything you should know about them

    TuringBots and everything you should know about them

  • IA Congress – March 2023 Chennai, India
  • Events
    • Intelligent Automation Congress – March 2023 Chennai, India
    • 6th International Intelligent Automation Congress
No Result
View All Result
askRPA
No Result
View All Result

Reporting Made Faster and Easier with Automation and RPA

September 22, 2022
Home News
Share on LinkedInShare on FacebookShare on WhatsApp

Reporting is an essential process to effectively keep track of shortages, be updated with regulatory changes, and monitor risk. Generating a report from records is one of the most demanding and labor-intensive tasks for a company. With everything being revolutionized with technology, record keeping and reporting are not far behind. When it comes to accounting and finance, reporting is under constant scrutiny as it can influence investors and shareholders.

Companies, especially the considerably larger ones, need to go through multiple records spread across numerous departments to ensure proper reporting. But, filing reports are considered the most stressful activity as one irregularity can throw the whole process. There could also be delays due to mistakes, and inaccuracies in data are not uncommon in the reporting process.

RPA and Reporting

It is estimated that companies that function on the higher end complete reporting in 4-5 days. Those on the lower end take more than ten days to complete their reporting process. While 4-5 days is rather effective, 10+ days mean losing productive days performing tasks that can be automated. With standardized, automated procedures and controls, efficiency can be impressively increased.

The existing automation solutions might offer a temporary, simpler fix, but Robotic Process Automation (RPA) is transformative. The important task is to identify the processes that can be successfully automated. Once RPA is employed, even the extremely complex tasks of reporting can be fully automated.

The Process of Automated Reporting

The first step in an automated reporting program would need to function the data. We need to set up a template and automate certain processes. The main agenda here is collecting data that is distributed across multiple departments. Therefore, the important process to automate is to identify the required data, locate it and extract the same. The extracted data is then run through the program.

After running it through the program, the platform will identify errors. Any anomaly or mistake in the records or any deviation from the prescribed regulation will raise a red flag. In case of any miscalculation, the respective team will be notified to take further action. Once the errors are fixed, the program then proceeds to compile the data. The next step is to organize the data into a required, structured format.

Automating reporting process will ensure that there is less room for error. It dramatically reduces human involvement, allowing them to focus on less repetitive tasks and rectify errors.

Next Post
Big Data, Robotic Process Automation (RPA), and Data Analytics Can Work Together to Deliver Faster, Better Results

Big Data, Robotic Process Automation (RPA), and Data Analytics Can Work Together to Deliver Faster, Better Results

    Interested in learning what Automation Solutions can do for your organization?

    We're here to help.

    Subscribe.

    Join askRPA’s weekly Automation Newsletter direct to your Inbox, Sign up now.

    Recommended.

    All You Need to Know About Robocorp’s State of RPA Survey – 2022

    Robotic Process Automation and the Workforce

    August 21, 2022
    Semantic Automation, Robotic Process Automation, and Artificial Intelligence: The Next Generation of Automation

    Semantic Automation, Robotic Process Automation, and Artificial Intelligence: The Next Generation of Automation

    August 21, 2022
    askRPA

    askRPA is the portal to connect with RPA Geeks and for Latest Automation News, Event and Case Studies etc.

    Follow Us

    Usefull Links

    • About Us
    • Terms and conditions
    • Privacy Policy
    • Contact us

    Tags

    AI Apromore Artificial Intelligence askRPA AT&T Autoamtion News Automation Automation Anywhere automation news Automation Report Automation Technologies Automation Trends BlackRock Bots Celonis Cloud Computing CMO data Digital Transformation Forrester Gartner Gartner Predictions Gartner Report GBTEC Global Market for IA IA IDP Intelligent Automation Intelligent Automation Congress IoT Low-code development Low-code technologies Low Code Marketing NLP Orica Process Mining Robotic Process Automation Roboyo RPA Salesforce Technology News Turing Bots TuringBots UiPath

    Recent News

    Insignia Financial saves over 15,000 hours per month with “Optimus,” the company’s first digital worker

    Insignia Financial saves over 15,000 hours per month with “Optimus,” the company’s first digital worker

    February 3, 2023

    © 2022 askRPA - Connect Discover Automate

    • Home
    • News
    • Courses
    • Solutions
    • Case Studies

    © 2022 askRPA - Connect Discover Automate