Automation has become the buzzword amongst organizations across sectors. According to a Gartner report, automation will create more jobs than lost by 2020. Businesses are taking the plunge and integrating Robotic Process Automation (RPA) tools into the work system. RPA is an emerging favorite of technology used to automate business processes like data management, automated email replies and even the likes of application interpretation.
RPA tools lead to an increase in employee work efficiency, service delivery and an effective reduction in operational costs. This in turn becomes an indicator to the opening of newer growth avenues, thereby creating a demand for skilled RPA professionals. According to reports, the global market size for RPA is expected to reach USD 3.97 billion by 2025. However, the current situation points towards a limited talent pool when it comes to RPA skills.
Finance and accounting related job roles involve several manually driven tasks which can be successfully carried out by RPA tools. This also aids in the increase in effectiveness and efficiency of internal controls which is priority for 35% of accounting organizations. The highlight of the integration of RPA in organizations is enabling workforce to engage and focus more on value-added tasks. RPA is expected to give a positive ROI within 14 months of implementation (as per a PWC study).
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