Financial/Compliance Reporting

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Reporting is a vital process in all businesses as decisions are made based on the information provided by the reports. Timely availability of information through reporting can result in the company making right decision at the right time. Reporting allows for insights about all functions of the company be it finance, operations, growth, employees or customers. Reporting is the time-consuming and repetitive task. Majority of the report that are generated are the same as they are compiled by extracting data from one system of different system compiled into a single interface and delivered to their recipient. Depending on the nature of the reporting speed of delivery is key.

Compliance Reporting

Compliance Reporting is a critical process in the many industries specially in banking where are banks are required to submit certain reports by a certain date periodically.  Non-compliance or inaccurate reporting can have severe consequences as regulatory authorities can penalise the member company.

Financial Reporting

Keeping the financial reports updated and error free are key as they determine the company's status in the market. These reports are also the basis of the company's future forecasting and planning. The finance department are required to several reports on a regular basis and thus can benefit from automation including

1) Period Financial statements.

2) Compliance Reports 

3) Profit & Loss Reports

4) Tax Reports

RPA can help in automating the whole process of reporting starting from data extraction of relevant applications, calculating, compiling, auditing and then delivering to the relevant recipient.