Robotic Financial Planning and Analysis
Robot Powered Planning for accurate future planning
Robotic Process Automation (RPA) assisted by Artificial Intelligence (AI) can help companies plan for their future using accurate and precise predictive modelling. RPA helps in collecting data from a variety of data sources and consolidate into a single database allowing for data models to use the data to predict accurately.
Robotic Process Automation in the following process of Financial Planning
- Portfolio Management
- Retirement Planning
- Tax Planning
- Cashflow Forecasting
- Risk Management
Benefits of RPA
1. Accurate data compilation.
2. Increased Productivity
3. Faster Decision time
4. Enhanced Data Analysis & Insights.
5. Improved Client Experience
How RPA can help
Collect and consolidate data
Collect and consolidate data
Collect and consolidate data
RPA Bots can automate collection of data from different ERP or isolated system and consolidate into a standard format.This eliminates manual data entry errors and save significant time for analysts.
Reporting
Collect and consolidate data
Collect and consolidate data
RPA can automate generation of financial reports including routine reports like monthly performance summaries, variance analysis and cash flow forecasts. All of this frees up the analysts time to interpret and provide insights.
Data Reconciliation
Collect and consolidate data
Scenario Modeling and Forecasting
RPA Bots can automate the reconciliation of financial data from different systems, ensuring accuracy and identifying discrepancies. This steps in crucial for maintaining data integrity and preventing errors in financial statements
Scenario Modeling and Forecasting
Scenario Modeling and Forecasting
Scenario Modeling and Forecasting
RPA can help in automating scenario modeling, allowing analysts to quickly assess the impact of different variables on financial outcomes. This helps in making informed business decisions and develop robust business plans.
Variance Analysis
Scenario Modeling and Forecasting
Regulatory Compliance
RPA can automatically identify variance between actual and budgeted figures, highlighting areas that need attention. This helps analysts quickly identify trends and make adjustment to financial plans.
Regulatory Compliance
Scenario Modeling and Forecasting
Regulatory Compliance
RPA can automate compliance-related tasks such as data validation and report generation, ensuring adherence to regulatory requirements and reducing the risk of penalties.