In the last decade, the use cases of robotic process automation or RPA have gained significant attention across the treasury functions of various financial institutions (FIs). With the immense volume of repetitive tasks that require high levels of accuracy, the use of RPA has proven to be of even more relevance, especially within treasury activities such as cash management and payments, processing account statements, cash positioning, cash forecasting, and payment fraud detection.
RPA is the automation of routine and time-consuming tasks freeing practitioners up to focus on more strategic value-adds while mitigating risks and boosting efficiency and reliability in a time-sensitive environment. We explore three core banking treasury activities as the use cases ripe for RPA, namely cash consolidation, issuance and sale of bonds, and internal and regulatory reporting.
RPA-enabled treasury management reduces the time taken for manual processes, risk of generating erroneous reports, and negative P/L impact. With our experience and expertise, Synpulse is the perfect partner to accelerate the implementation of your digital treasury management solution.
Download our brochure to identify the three key areas within your treasury function that can be automated, the benefits, and how you can do it.