QueBIT Blog: RPA for Financial and Management Reporting

Posted by: Dan Barrett

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Sep 22, 2020 10:30:00 AM

Artificial Intelligence (AI) and Robotic Process Automation (RPA) technologies are offering new levels of automation and intelligence in the Office of Finance. These technologies are underpinning many digital transformation efforts in finance and accounting. For RPA, which is all about eliminating tedious repetitive manual tasks, most growth has come from shared services centers implementing RPA solutions to support transaction processing, such as:

  • Payment processingRobotic Process Automation
  • Risk Management - especially A/P fraud
  • Supplier onboarding
  • Collections
  • Financial close

Where does this leave the Financial Planning & Analysis (FP&A) function?

Studies from research firm Gartner indicate that only 29% of corporate controllers are using RPA for financial and management reporting processes. The challenge is that most RPA solutions are focused on an IT audience and are built to deliver automation in a generic fashion across a wide range of solution areas. General RPA solutions require users in the Office of Finance to be competent in data management and advanced analytical skills. We see finance users waiting for automation solutions that are capable of processing intensive and data-rich manual work streams like FP&A and its resulting required reporting. Finance is yearning to embrace these transformative technologies and use them to usher in rapid change and improved planning processes that in turn help achieve improved business outcomes. Finance is also expecting FP&A vendors to make RPA more accessible by embedding them into their solutions and making them easily configurable.

Enter purpose-built RPA solutions like QueBIT ReportWORQ for IBM Planning Analytics and Workday Adaptive OfficeConnect.

ReportWORQ eliminates tedium and repetition around report generation and distribution. If you manually refresh Excel reports to save and distribute via email, Sharepoint, Slack or folder using Adaptive OfficeConnect or IBM Planning Analytics for Excel, then you are a perfect candidate for ReportWORQ. In this case study, Sunbelt Rentals reduced 60 person-hours of work distributing 1,300 reports each month to less than ten minutes.

ReportWORQ is highly configurable and available as an Excel add-in or (for Adaptive OfficeConnect only) a web service. Existing Excel reports can be dynamically replicated, personalized, refreshed and emailed (or saved) automatically, on-demand or on a schedule. ReportWORQ jobs can be parameterized all the way down to the recipient level, and formats include Excel, PDF and HTML.

Request a no-obligation Free Trial of ReportWORQ at:


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