Robotic process automation (RPA)
When it comes to a more efficient response to risk, data transformation and robotic process automation (RPA) capabilities can help reduce the effort on KPMG clients and enable our teams to focus their efforts on areas of higher risk.
The compounding impact of simple process automation brings consistency and efficiency in audit engagements. KPMG audit teams are using RPA on a widespread basis to deliver these benefits to our clients.
In Action: In one illustrative example, a team was focused on reducing the time spent on manual tasks, so they invested in automation and data analysis. Working with a complex client and numerous systems, prepping data for testing previously required more than 170 steps. These steps included reconciling data, selecting samples, and preparing client requests, among other detailed tasks.
In order to automate clusters of manual tasks, the team used an advanced RPA development platform to design a workflow of only four steps -- integrating components from sample selection to request preparation. Now, pre-processing drives a more productive quality audit. The client benefits from a more efficient audit with enhanced quality and reduced disruption, and the team is able to focus on higher risk areas.
Looking ahead, with data transformation more automated, efficient, repeatable and scalable, this team, among many others at KPMG, can better handle data from disparate ERP systems. Together with KPMG Clara, this reduces the burden on clients and sets the foundation for future analytics and visualization as well as increased automation capabilities.
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