Atul Mehta, Thirdware Solution
Enterprise Performance Management (EPM) delivers significant efficiencies across reporting functions. Despite the implementation of EPM tools, many manual activities still exist which impacts key areas of the reporting process. This reduces efficiency, increases risk, and makes it difficult to audit.
During the financial close, balances need to be validated, records must be consolidated, journal entries need to be adjusted, financial data has to be gathered for disclosure, and financial statements must be prepared. There’s a lot of manual work and risk for error in these activities. This last mile of finance tends to be an often-overlooked area within finance departments and therefore indicates tremendous opportunities for improvement.
Thirdware will demonstrate how many of these processes can be automated using Robotic Process Automation (RPA). RPA can complement EPM and add a lot of value by drastically reducing the time, effort, and risk in closing the books—which allows enterprises to reduce costs, innovate, and multiply workplace productivity.
Attend our presentation to learn how you can leverage RPA and incorporate that with EPM to process vast volumes of data in a fraction of the time and with greater accuracy while reducing or eliminating negative financial impacts.