What are the future trends in the field of RPA bot finance?

The future trend in the field of RPA robot finance is to enable enterprise employees to develop RPA robot applications to capture existing applications to process transactions, manipulate data, communicate with other information systems, etc., so as to change the perception of managing business processes, including business processes, workflows, remote infrastructure and back-office work, significantly improve the accuracy and cycle time of work, and improve productivity in enterprise transaction processing. Click to use the Community Edition for free

RPA financial robot has now become one of the important tools for enterprises to promote the transformation of digital financial management, as a digital tool, its degree of automation is very high, specifically, it can be easily integrated in different existing systems of enterprises, such as Kingdee system, office software, ERP, UFIDA software, etc., can automatically process financial data across systems and platforms. In this way, the work content of financial personnel can be optimized, and the work content of high repetition and low value can be said goodbye, so as to have more time to deal with challenging and valuable work, so as to improve the personal value of employees and bring greater benefits to the enterprise.

If you want to know more about RPA, we recommend consulting Laiye Technology. Laiye Technology (Beijing) **** referred to as Laiye Technology is an RPA+AI industry leader in China and the world, providing customers with transformative intelligent automation solutions to improve organizational productivity and office efficiency, unleash the potential of employees, and help governments and enterprises achieve human-machine collaboration in the intelligent era. <>

RPA robots are mainly divided into four stages:

Primitive stage: RPA and AI are still in a separate state at this time;

Secondly, the enhanced automation stage: this stage combines OCR, NLP and other technologies;

Next is the hyper-automation phase: in this stage, the automation capabilities are strengthened, and machine learning technology is added;

Cognitive automation at the highest level: that is, in addition to processing data, it also provides data analysis and decision-making capabilities.

Many financial bots are still in the stage of "enhanced automation" or "hyper-automation", and can only automatically process unstructured data and simple data judgments. However, what is denied is that the development of RPA robots has begun to enter the stage of cognitive automation.

The English name of RPA is robotic process automation, and the Chinese translation is machine ** process automation. The robot here refers to a virtual robot, a commercial software, not a physical robot. RPA simulates the way humans work through screen recording, scripts, etc., so as to execute those rule-based and repetitive business processes, liberating humans from boring and cumbersome business processes and doing more meaningful work.

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The financial RPA robot is a program that handles repetitive work and simulates manual operations, so its applicable processes are as follows:

1) Simple and repetitive operations, such as system data entry, checking, etc.;

2) Large-scale and error-prone business, such as a large number of daily transaction checks, a large number of expense documents review;

3) 7 24-hour working mode, make up for the shortcomings of low tolerance of manual operation and poor peak processing capacity, and is suitable for 7-24-hour business of enterprises.

It is precisely because of these advantages of RPA technology that people can be liberated from repetitive and tedious work and improve work efficiency, so RPA technology has been deeply applied in the financial field.

If you want to know more about RPA robots, we recommend consulting Laiye Technology. Laiye Technology (Beijing) **** referred to as Laiye Technology is an RPA+AI industry leader in China and the world, providing customers with transformative intelligent automation solutions to improve organizational productivity and office efficiency, unleash the potential of employees, and help governments and enterprises achieve human-machine collaboration in the intelligent era. <>

In a very easy-to-understand way, I will introduce you to what financial robots can do.

There are three steps to using a bot:

First, we must first sort out the actual business operation process of the scenario, take the document review process as an example, first enter the financial system, enter the document-related modules, enter each approval information, and give the audit results against whether the document information and business information are consistent;

Second, each of the more detailed steps of the above operations is set up for the robot to simulate manual operations, such as opening the financial system software, entering the password, clicking to enter the relevant module of the document, clicking to open a certain approval information, OCR technology to identify the document information, matching business information, and giving approval or rejection. The technology used in this step is RPA technology, combined with OCR (AI recognition) technology and so on.

The third is the execution of the robot. It is okay to set the execution time, such as what time of day it starts, or to execute the machine ** process 24 hours a day. Take our practice of document review as an example, you can execute up to 4000+ documents in a day without interruption.

So what is the most appropriate scenario to use a financial robot?

For example, some scenarios with high repetition, high frequency, clear rules and easy to make mistakes, the use of robots is the most cost-effective, such as data entry, **, checking, etc. Of course, it is also related to the scale of the enterprise, for example, the amount of data in a small enterprise is small in a scenario, and the amount of data in a large enterprise is massive, so it is very appropriate for the finance of large enterprises, especially the financial sharing center, to use financial robots.

Features of Financial Robots:

Lower operating costs: financial robots replace manual work to complete most of the complicated work, which can not only reduce labor costs, but also liberate financial talents from trivial work, so that their time and energy can be put into high-value, high-creative work, and create more value for the enterprise.

24/7 work: The financial robot can work without time restrictions or even location restrictions, process all kinds of information in real time and efficiently, and become the perfect employee for ultra-long standby.

Extremely low error rate: The financial robot only works according to the rules, and then based on the high-speed and accurate calculation speed and quality of the computer, it can avoid errors caused by manual burnout due to various reasons, and achieve zero errors in data.

RPA is a third-party software system based on artificial intelligence and automation technology, using robots as virtual labor, according to preset procedures to complete the expected tasks. It does not require modifications to existing systems and exists independently of third-party software systems. RPA is designed to replace manual processing of complex, highly repetitive, and large number of transactions, thereby greatly reducing the human resource cost of enterprises, improving work efficiency, and helping some links in the workflow to achieve workflow automation.

Although the financial RPA robot has the name of a robot, it is not a physical humanoid robot in our traditional impression, but a kind of software, which is the application of RPA process automation in the financial field. At present, the financial RPA robot is mainly composed of three parts: the robot's eye optical character recognition system (OCR); Robotic Process Automation (RPA); Robotic books - electronic accounting system.

Second, the birth of RPA financial robots.

The financial RPA robot originated from the development and maturity of RPA process automation technology. Around 2015, the concept of RPA became popular. RPA is software based on the technology of computer coding and automating manual activities by performing rule-based tasks.

In such a digital era, with the continuous improvement of the global information level, RPA technology has been widely used in various industries, and first appeared in the financial field, and the financial RPA robot came into being.

3. The evolution of RPA financial robots.

Early financial RPA bots mainly simulated human operations on mice and keyboards, and could not handle complex objects such as unstructured data. In addition, "breakpoints" occur when it comes to complex operations such as entering entity data into a computer, making it impossible to automate the entire process. In the past two years, with the qualitative change of RPA technology, the demand of the financial RPA robot market has also changed.

In addition, with the advent of artificial intelligence (AI), financial RPA robots can handle some relatively flexible business processes, which further expands their scenarios for making full use of energy. At present, with the in-depth application of financial RPA robots, these simple, repetitive, and law-abiding tasks are replaced by financial robots, liberating manpower, and the value of financial personnel is increasingly reflected in the creative work content.

The financial robot is to integrate some workflows in the financial scene and configure them into the financial machine process automation system, so that it can process financial information automatically, in batches and efficiently, and replace financial personnel to complete mechanical and repetitive tasks in daily work, so as to promote the upgrading of enterprise management decision-making, reduce financial operating costs, and strengthen enterprise risk management.

The financial RPA robot can complete a variety of financial services such as inventory cost, capital income and expenditure, general ledger and report, ticket tax management, expense reimbursement, purchase payment, sales collection, asset management, etc.

The financial RPA bot can bring to the enterprise.

Lower operating costs: financial robots replace manual work to complete most of the complicated work, so that financial talents are liberated from trivial work, so that their time and energy can be put into high-value and high-creative work, and create more value for the enterprise.

7*24 hours efficient employees: The financial robot works without time limitations, processes all kinds of information in real time and efficiently, and becomes the perfect employee with ultra-long standby.

Extremely low error rate: Based on the high-speed and accurate calculation speed and quality of the computer, the financial robot can avoid errors caused by manual burnout due to a variety of reasons, and achieve zero errors in data.

The financial RPA robot is a financial process automation software that helps enterprises to process some data, approvals and other processes. Usually these tasks are highly repetitive and heavy, and it will be very inefficient and wasteful to complete by financial manpower alone. For financial individuals, spending time dealing with a lot of repetitive work every day is also not conducive to achieving personal value.

RPA bots can automatically help finance finance with these repetitive tasks.

RPA robots can handle this kind of work 24 hours without interruption, improve financial efficiency, and also help enterprises save labor costs.

If you want to learn more about financial robots, you can come to our cloud expansion to learn about the RPA robot solutions specially developed for finance.

RPA (Robotic Process Automation) is a technology that interacts with existing user systems and accomplishes the intended tasks based on pre-recorded scripts based on artificial intelligence and automation technologies. RPA is to realize the full coverage of automation by simulating manual operation and automatic playback of the fields that need to be manually processed that have not been covered by the current system construction. If you need to use it, you can use the RPA section of ADSpower browser.

It can be applied to many platforms, including the automation services of mainstream platforms such as Facebook, eBay, Amazon and other platforms, and can be used to carry out repetitive work according to instructions under the established template, which greatly liberates manpower and saves labor costs.

RPA is established on the basis of artificial intelligence and automation technology, using robots as virtual labor, according to pre-set procedures to complete the expected tasks, without the need to modify existing systems, independent third-party software systems.

It is a third-party software system that is based on human algorithms and automation technology to complete tasks according to procedures.

The efficiency of the financial and tax work of the enterprise will be greatly improved.

Handle tax work.

Prevent fiscal and tax risks.

Unleash the creative potential of your business.

At present, Treasury Cube AI robots include cashier robots, certificate production robots, financial reconciliation robots, data analysis robots, intelligent front robots, and business collaborative robots.

The cashier robot is to make cashiers, such as logging in to the bank's online banking, querying bank account balances, transaction details, etc.

The certificate making robot is to replace manual labor and help make vouchers in the financial system.

The financial reconciliation robot can carry out daily reconciliation management. For example, it can be in each bank ** corporate bank statement, at the same time, the bank statement according to the format requirements of the enterprise to sort out, and the enterprise journal reconciliation operation.

The data analysis robot automatically obtains all kinds of data between forms and systems, reorganizes and processes these data, and analyzes data according to the needs of the enterprise.

The intelligent front-end robot can cooperate with the intelligent front-end machine of the Treasury Cube to simulate the manual way to log in to the corporate online banking, eliminating the need to manually trigger the bank U shield OK key.

Business collaborative robots mainly deal with complex and process-oriented work. For example, after an employee initiates expense reimbursement, the business collaborative robot can identify the content and type of reimbursement documents and fill in the information. This feature is definitely a boon for medium to large businesses.