RPA has long been used by financial firms to automate finance and accounting procedures. Robotic process automation (RPA) is the process of automating financial procedures such as data processing, calculations, reporting, and even forecasting. RPA can do up to 30 times more work in the world of finance than a human. Manual data processing, particularly that involving numbers, has always had a larger risk of human error, hence this technology has had to develop.

According to surveys, about 42% of finance procedures can be completely automated. As a result, when RPA in finance is properly deployed, it has the potential to completely alter the finance industry. Furthermore, there are regulations and deadlines that businesses must follow, which RPA can now handle. In this article, we'll look at how RPA can help finance professionals by taking a look at some real use cases from the market.

Use Cases of RPA in the real-world finance market