CloudPay Session on the Future of Payroll and Automation at this week’s APA Congress

May 15, 2017  | Topic: Automation

What percentage of your payroll activities will soon be automated? What tasks are most likely to be automated, and which will continue to require human intervention? Join us at this year’s APA Congress as CloudPay presents on the future of payroll. We’ll focus on what robotics and automation will do for the industry, and how payroll professionals can excel in the future of automation. A brief description of the session follows below.

In Payroll, apprehension towards automation and robotics is high among directors, managers, and practitioners alike. But is it justified?

Professionals’ uneasiness towards automation stems partially from an understanding gap around its benefits. When the most time-consuming manual tasks and activities of a function become automated, employees’ focus shifts to higher-value functions – ultimately enabling them to deliver a higher level of performance to the business. For evidence, payroll stakeholders must only look to other industries and job functions that have been enhanced by the application of robotics, automation, and shared services. As this session will showcase, automation and artificial intelligence (AI) have infiltrated sectors as varied as medicine, education, and journalism – helping them become more measurable, targeted, and productive than ever.

As Payroll moves into a more automated era, payroll teams have the opportunity to evolve (and to make themselves more efficient, accurate, and strategically valuable to the enterprise). To make that happen, multinational organizations must equip the payroll function with a next-generation toolset capable of managing payroll in a more sophisticated, data-driven way.

Attendees of this workshop will learn how robotics, workflow automation, artificial intelligence have been successfully deployed across various industries and other corporate functions. The workshop will also focus on ways robotics, automation and artificial intelligence can be introduced into the payroll function to help organizations achieve stronger payroll performance while elevating the strategic significance of the function.

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Topics included:

  • How the concepts of automation, robotics, and AI exist on a spectrum from simple to complex
  • Examples of how robotic process automation (RPA) and AI are helping to improve or elevate (not eliminate) highly specialized job roles, business functions, and industries
  • Insight into the international payroll, data integrity, and staffing/resourcing issues that can be minimized with more efficient, automated payroll tools and services
  • Discussion of the future of Payroll, and how applying standardized global processes and workflows can help elevate the ROI and business value Payroll delivers to the enterprise