Unlocking success: Navigating digital transformation

Digital Transformation: choice or ultimatum? 👩‍💻🌐 The ever-changing world of business shows that digital transformation is no longer just an option – it becomes a necessity. Technological advancement and digitization are reshaping our world at an incredible pace, and the key to understanding and adapting to these changes is precisely digital transformation. 🌍 Here’s what you need to know about digital transformation: 1️⃣ Uniqueness vs. Foundations: Every digital transformation is different, but the foundations are always common. It’s a bit like building a house – individual projects, but solid foundations are the key! 🏠🔑 2️⃣ Evolution, Not Revolution: Despite the magnitude of changes, the entire process must be planned and consistently implemented. It’s a path towards universal optimization. 🌱➡️🌳 3️⃣ Holistic Approach: Transformation touches every corner of the organization, connecting various areas, people, and technology. 🔗 4️⃣ Power in Data: Without them, transformation becomes impossible. They assist in achieving operational excellence, optimization, and innovation. 🔑📊 5️⃣ Accelerating Action: Implementing technology and automation is not only about relieving employees but also about innovation leading to optimization. 🚀⏩ 6️⃣ Security Above All: In the digital era, information protection becomes a priority. Cybersecurity is a key area in every aspect of business activity. 🔒💡 Digital transformation comes with many challenges, but we look at it with great optimism. Why? Because we see more opportunities than threats in it. To learn more, we recommend the Digital Sharpers report “13 Facts About Digital Transformation… Everything You Wanted to Know About Digitization But Were Afraid to Ask.” It’s a knowledge compendium that will help you navigate the world of digital transformation! 📘🧐 Get in touch and embark on the journey into the future of digitization! 🤝💼 Author: Monika Serafin, Service Delivery Manager

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Unlocking efficiency: Robotic Process Automation in accounting audits

Utilizing process automation in accounting audits 🤖💼 Today’s world poses increasing challenges for accountants as audits become more complex and demanding. Accountants actively dedicate a lot of time to tasks based on repetitive procedures and rules. In such a situation, Robotic Process Automation (RPA) technology emerges as a crucial tool in streamlining audit processes and enhancing their efficiency. Authors of the scientific article “Prototyping and implementing Robotic Process Automation in accounting firms: Benefits, challenges and opportunities to audit automation” present various audit scenarios involving four accounting firms. They analyze the potential that RPA brings in terms of improving the efficiency and accuracy of tasks performed. Additionally, they outline automation strategies and the challenges that arise when implementing RPA in accounting audits. Diverse Applications of RPA in Accounting Audits 📊📑 1. Document verification automation 📂 One example of RPA application is the automation of the document verification process. RPA is capable of automatically retrieving documents from various sources such as email, file servers, or document management systems. It then processes these documents, recognizes and categorizes different types, and performs preliminary content analysis. This allows auditors to focus on more complex tasks, such as financial analysis, instead of spending time on manual document processing. 📈 2. Account balance verification automation 💰💳 Another example is the automation of the account balance verification process. RPA can automatically fetch data from various sources, including accounting systems, spreadsheets, or databases. It processes this data, identifies and corrects errors, and conducts preliminary account balance analysis. 🤖 3. Real-time data monitoring 🚨 Yet another example is continuous monitoring of accounting data and notifying users when specific risk thresholds are exceeded. If a risk threshold is crossed, RPA can automatically send notifications to users, such as auditors or managers, prompting them to take appropriate actions. 📊 Benefits of implementing RPA in accounting audits 📈🔐 Implementing RPA in accounting audits brings numerous benefits, including increased efficiency, improved accuracy, reduced costs and time, and enhanced customer satisfaction. Furthermore, through the automation of audit processes, data security is maintained in accordance with applicable safeguards. 🤖🔒 In summary, RPA technology has become an indispensable tool in today’s accounting audits. Thanks to it, auditors can focus on more valuable tasks, and processes are more efficient and accurate. 📚👨‍💼 Contact us to discover how XELTO DIGITAL can assist you in financial automation. Author: Monika Marczyk, Project Manager

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