Of the financial departments that have deployed robotic process automation (RPA), less than one-third have used the technology in conjunction with financial reporting, according to a new report.
Gartner, an information technology service management company, studied the use of RPA in finance departments through interviews with more than 150 accounting leaders to determine the main benefits of using RPA within the financial reporting process.
The survey found that using RPA for financial reporting appears to be a low priority when compared to other business initiatives. On the other hand, departments that have already adopted the technology are experiencing new benefits, such as spending less staff time to fix mistakes and having more time for higher-value work.
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