Banks are routinely evaluated and audited by regulatory agencies. And when the auditors come calling, you need specific reports and data ready to not only stay in business, but to be considered when you apply for deposit facilities, including mergers and acquisitions. Companies spend considerable time and resources developing reports, preparing for audits, managing employees, and consulting with legal counsel to ensure they remain compliant.
RPA can help control these costs and reduce risk by simplifying the compliance and reporting process. Use RPA to automatically generate reports from your data, dramatically reducing the amount of time spent on compliance-related activities. Stay prepared when audit time comes, by automating the specific reports you need to always be at the ready.
Source: Helpsystems