Fear of job losses is holding back transformation in finance function

ROBOTIC Process Automation (RPA) has become a buzz word in the business community and the heart of transforming the finance function.

Described as a revolution in transforming the finance function, RPA is a technology that may be effectively used to replace manual and repetitive finance tasks, improve process and cost efficiency, as well as result in data quality among other benefits.

Tools for RPA could have simple applications, such as automatic responses to e-mails, to more complex uses such as "bots" to automate jobs in an enterprise resource planning system.