RPA for Cybercrime Control

Automation of business processes is usually put forward as a means to make those processes  more efficient and less costly - as a means to reduce the involvement of people and free them up for more substantive tasks. Robotic Process Automation (RPA) is the latest approach most commonly touted as a solution.

But there is another aspect of business process automation that sometimes gets overlooked.

From the beginning of time, one of the most difficult tasks of accountants has been to set up systems that prevent, reduce or minimize the impact of fraudulent actions. Proper systems of internal control, with appropriate division of duties and other controls is the best way to accomplish this.

Automating systems of controls not only frees up people for other tasks, it improves the effectiveness of the controls by eliminating human error or inattention – the bane of traditional control systems. With the increased incidence of fraud and cybercrime, automated systems are now a necessity. 

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