Technology Impact Analysis:

Implementation of Robotic
Process Automation (RPA) in
Financial Management
FM203A-C
Technology Description
• Robotic Process Automation (RPA) occurs when
basic tasks are automated through software or
hardware systems that function across a variety of
applications, just as human workers do.
• RPA software is designed to reduce the burden for
employees of completing repetitive, simple tasks.
• RPA can be applied for various purposes, and it is
quite common in the financial services industry
Analysis of Potential Impact

ECONOMIC IMPACT

– RPA reduces operational costs, enhances

efficiency, and facilitates improved resource
allocation
Analysis of Potential Impact

OPERATIONAL EFFICIENCY IMPACT

– robotic process automation (RPA), is swiftly making

its mark by providing companies with a game-
changing tool to automate mundane tasks, enhance
workflow, and skyrocket overall efficiency levels. By
automating these mundane and time-consuming
activities, employees can focus on more strategic
tasks, leading to increased productivity and job
satisfaction.
Analysis of Potential Impact

COMPLIANCE AND RISK MANAGEMENT IMPACT

– RPA as a new way to drive cost efficiencies and

reduce manual and remediation efforts. Because
they have a relatively large number of manual,
repetitive processes,
Analysis of Potential Impact

STRATEGIC DECISION-MAKING IMPACT

– RPA adoption can have a significant impact on

strategic decision-making in financial
management by enabling organizations to
allocate resources more effectively, optimize
processes, and focus on value-added activities.
 KAS Bank and its journey to implement
RPA solutions
• KAS Bank decided in 2014 to initiate a
cost reduction program to minimize
operating costs. They decided to
implement RPA to outsourced several IT
functions to several services. The
outsourcing program proved successful,
delivering significant cost reductions and
pricing mechanism flexibility.
RISK ASSESSMENT
• Implementing RPA offers increased
efficiency but also introduces certain risks.
However, continuously monitoring the
effectiveness of mitigation strategies and
make adjustments as needed you can
ensure that your RPA implementation in
financial management is both successful
and sustainable.
CONCLUSION
• The findings of this study show that robotic
process automation (RPA) provides
numerous benefits in financial management
such it improves productivity, process more
strategic tasks, reduce costs and etc. The
system has already been an option for
organizations that seek to enhance the pace
of their operations
Thank you for listening.