{"id":3046,"date":"2017-06-14T21:28:40","date_gmt":"2017-06-14T21:28:40","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=3046"},"modified":"2022-09-06T22:09:00","modified_gmt":"2022-09-06T22:09:00","slug":"robotic-process-automation-rpa-for-the-month-end-close","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2017\/06\/robotic-process-automation-rpa-for-the-month-end-close\/","title":{"rendered":"Robotic Process Automation (RPA) for the Month-End Close"},"content":{"rendered":"

Introduction<\/strong><\/span><\/p>\n

The impact of Robotic Process Automation (RPA)<\/a> tools on Shared Services is rapidly increasing across many labor-intensive work processes where repetitive steps are required to access multiple systems to collect information by following defined and repeatable work steps to process transactions.\u00a0 When it comes to RPA solutions, it is pretty clear that one size doesn\u2019t fit all. Different solutions have different capabilities depending on the nature of the work processes; a fact that is very evident when you consider the RPA solutions<\/a> most often used to help companies with their financial close process.<\/span><\/p>\n

With many different designs and supporting software solutions available, even if you have already implemented them, there can be a significant benefit to knowing how leading peers tackled the challenge of selecting and implementing Robotic Process Automation tools to help with their financial close process.<\/span><\/p>\n

iPollingTM<\/sup> Results Review<\/strong><\/span><\/p>\n

A recent Peeriosity poll created using the iPollingTM<\/sup> technology was created to explore the use of Robotic Process Automation (RPA) to assist with the financial close process.\u00a0 The results indicate that Blackline\u2019s RunBook Smart Close is used by 30% of responding companies, with SAP Closing Cockpit used by 6%. Two or more solutions are used by 6% of the companies, with many who use multiple options including Redwood<\/a> RoboClose in combination with another solution.\u00a0 An additional 6% use a different option, with the majority of companies, at 52%, who do not have RPA solutions in place to assist with the financial close process.\u00a0<\/span><\/p>\n

\"iPolling:<\/p>\n

When examining the level of satisfaction experienced by the 48% of the companies who have implemented this type of technology, 7% indicated that they are \u201cVery Satisfied\u201d, with an additional 43% indicated they are \u201cSatisfied\u201d.\u00a0 14% said they are \u201cIndifferent\u201d, no one selected \u201cUnsatisfied\u201d, and 36% indicated that it is \u201cToo early to tell\u201d.\u00a0 Here are the details:<\/span><\/p>\n

\"iPolling:<\/p>\n

Poll comments from Peeriosity members on this topic include:<\/span><\/p>\n