Robotic process automation (RPA) technology continues to see a growing interest from companies in every industry. Business leaders have been investing in technology for years and now more than ever, there is a need to leverage their systems to their fullest. Leaders are turning to automation as a way to enhance existing investment in systems and software.
As a company with a foundation in public accounting, the team at Schneider Downs works with our clients’ finance departments, but we have also become involved in helping solve business challenges that go beyond accounting. Our expertise in business technology and process optimization provide insights that have proven tangible value to our clients.
Every business is unique, and every company has different operational needs, systems and processes. These differences mean that there is no single best process a business should automation. Understanding your company’s inefficiencies and pain points is key to deciding where to apply automation. Here are a few recent examples of how we have applied RPA technology for our clients.
- Retail Client – Sales and Use Tax – Automation saved dozens of hours per month and could produce a tax report in about an hour.
- Transportation Client – Road Toll Reconciliation – The time and money saved with the automated solution provided an easily calculable ROI validating the implementation costs.
- Not-for-Profit Client – Monitoring Legal Compliance – Introducing automation ensured that the company was staying in compliance with state legislature to protect itself from fines or other penalties.
- Payroll Provider Client – Internal Auditing – The capabilities and task executions provided by automation would not be feasible with manual processes.
- Wealth Management Client – Fee Processing – Automation reduced the average time of processing from multiple weeks to about 16-20 minutes.
- Professional Services Client – Cash Conversion Cycle – Automation improved lockup from 100 to 67 days.
- SaaS Provider Client – Bill Rates Adjustment – Our solution completely automated the billing adjustment process by generating the necessary report for the service provider.
How Can Schneider Downs Help?
The Schneider Downs Business Process Automation team is committed to assisting clients with the evaluation, adoption and implementation of robotic process automation technology. We work with our clients to evaluate use cases, develop cost-benefit analyses, implement process automation, and provide continuous support to the operation of your business automation processes.
For more information please contact us or visit www.schneiderdowns.com/rpa.
