Robotic process and intelligent automation for finance
1. What is Intelligent Automation
The concept
Why finance functions need to transform
The nature of the opportunity
Target operating model for finance
Role of the finance function in decision making
Data governance – one version of the truth
IA and process improvement
Relation between IA and process optimisation
How clean do your processes need to be?
The tools in overview
Robotic Process Automation
Machine Learning and Artificial Intelligence
Python
How it is delivered ?
Overview of software
End-user vs. formal IT project
Agile project approaches
2. Process optimisation
Approach
Role of automation
Workflow management
Design thinking
Implication on headcount
3. Choosing the solution
Approach
Business issues facing finance
Correctly identify the problem / opportunity
Opportunity
What type of processes are you looking to automate?
Repetitive processes vs. judgement
Evaluating candidates
Is RPA the right solution?
Repetition and frequency
Data manipulation
Types of RPA solution
Do-it yourself – user level using publicly available / free tools, such as Python
Off-the-shelf – package software
Customised – vendor developed bespoke solutions
Selecting the appropriate solution
4. Do-it-yourself
Python based solutions
What is Python?
Application of Python to finance problems?
Machine Learning in context of finance
Examples
- Where Python based solutions are
Case studies
- Practical examples using Python skills
Skills and resources
Skills needed to implement such a solution
Resources needed
5. Off-the-shelf
Vendor landscape
- Nature of RPA tools available
Demonstration
- Case study of implementation
Scenario/lab exercise
- Simple process definition exercise
Skills and resources
Skills needed to implement such a solution
Resources needed
6. Customised RPA
Overview
Where customised RPA may be applicable
Identifying procurement process
7. Comparing options
Case study
- Exercise on selecting right approach
8. Developing the business case
Business case
Defining the problem
Establishing the benefits
Identifying the processes
Project team structure
Risk management and governance
Activity
Walk-through exercise of business case
