Robotic process and intelligent automation for finance

BY
Association of Chartered Certified Accountants via Edx

Lavel

Intermediate

Mode

Online

Duration

4 Weeks

Fees

Free

Quick Facts

particular details
Medium of instructions English
Mode of learning Self study
Mode of Delivery Video and Text Based
Learning efforts 3-4 Hours Per Week

Course and certificate fees

Type of course

Free

certificate availability

Yes

certificate providing authority

ACCA

certificate fees

₹16,662

The syllabus

What is Intelligent Automation

The concept
  • Why finance functions need to transform
  • The nature of the opportunity
  • Target operating model for finance
  • Role of the finance function in decision making
  • Data governance – one version of the truth
IA and process improvement
  • Relation between IA and process optimisation
  • How clean do your processes need to be?
The tools in overview
  • Robotic Process Automation
  • Machine Learning and Artificial Intelligence
  • Python
How it is delivered ?
  • Overview of software
  • End-user vs. formal IT project
  • Agile project approaches

Process optimisation

  • Approach
  • Role of automation
  • Workflow management
  • Design thinking
  • Implication on headcount

Choosing the solution

  • Approach
  • Business issues facing finance
  • Correctly identify the problem / opportunity
Opportunity
  • What type of processes are you looking to automate?
  • Repetitive processes vs. judgement
Evaluating candidates
  • Is RPA the right solution?
  • Repetition and frequency
  • Data manipulation
Types of RPA solution
  • Do-it yourself – user level using publicly available / free tools, such as Python
  • Off-the-shelf – package software
  • Customised – vendor developed bespoke solutions
  • Selecting the appropriate solution

Do-it-yourself

Python based solutions
  • What is Python?
  • Application of Python to finance problems?
  • Machine Learning in context of finance
Examples
  • Where Python based solutions are
Case studies
  • Practical examples using Python skills
Skills and resources
  • Skills needed to implement such a solution
  • Resources needed

Off-the-shelf

Vendor landscape
  • Nature of RPA tools available
Demonstration
  • Case study of implementation
Scenario/lab exercise
  • Simple process definition exercise
Skills and resources
  • Skills needed to implement such a solution
  • Resources needed

Customised RPA

Overview
  • Where customised RPA may be applicable
  • Identifying procurement process

Comparing options

Case study
  • Exercise on selecting right approach

Developing the business case

Business case
  • Defining the problem
  • Establishing the benefits
  • Identifying the processes
  • Project team structure
  • Risk management and governance

Activity

Walk-through exercise of business case

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