Robotics – The

future of IA
“By 2020 millions of the current
jobs will be replaced by more
innovative and creative ones.”
Understanding the mega trends
Technology is rapidly disrupting enterprises, driving opportunities and challenges
Robotics Introduction Video
Summary: Robotics Process Automation

Robotics Process Automation – The easiest way to describe RPA is a

what’s it all about? software that mimics human behaviour.
This human behaviour should typically be
‘rule-based’ and requires digital inputs for
the RPA software to be effective.

How does RPA work?

It orchestrates existing legacy
RPA uses software to
applications for transaction It does all of this with
execute business processes
processing, data manipulation, very limited human
in a repetitive, audited and
response triggering and participation
controlled manner
communication
Benefits of RPA
Robotic solutions
Outperform any employee multiple
times over
Does not make mistakes
works 24/7
Can be ramped up in an instance
to match volatile demand
Can be deployed without altering
existing IT systems or
infrastructure
Provide full audit trails and
process compliance
This lowers risks and supports ROI –
usually within of 4-6 months.
Low Risk Consistency
Identical processes and
Non-invasive technology Accuracy
tasks, eliminating output
variations
RPA can be overlaid on existing systems, allowing
The right result, decision
creation of a platform compatible with ongoing
or calculation the first
developments in sophisticated algorithms and
time
machine-learning tools
Audit trail
Fully maintained logs
essential for compliance
Productivity
Freed up human
resources for higher
value-added tasks
Right shoring Scalability
Geographical Instant ramp up/down to
independence without match demand peaks
business case impact and troughs
Reliability Retention
No sick days, services Shifts towards more
are provided 24/7/365 stimulating tasks
AlphaGo vs Lee Sedol
Robotics Use case (Payments & Claims Process)
Internal Audit
in RPA
Environment
 Internal Audit in RPA Environment

◎Robotic Process Automation (RPA)

can be leveraged for smarter Internal
Audit (IA) processes
◎Examples
Research for benchmarks and best
practices
Interactive follow up process
 Internal Audit in RPA Environment

Audit Intelligence Platform Dynamic Audit Reduction of Risk

Planning enabled through near real time
Automated Audit Research through real time status predictive analysis , and
Risk &
and Standard Communications of risk / control remediation of process
GRC Enterprise Data

Control
environments risk and control Owners
exceptions
Reporting and Dashboards
Audit Streamlined Audit

Outcome
Execution via a
Automated Risk and Controls Exceptions Management combination of
Assessment (Root cause and Follow-up) automated assessments
and analytics and
focused team effort
IA Analytics Repository Improved Operational
Business Rules Framework Efficiency gained
Improved Confidence through the reduction of
Operational,
Process Risk Process KPI Predictive in overall Risk, process errors, targeted
Fraud, Root
& Control &Transactiona Audit Compliance and exception and root-cause Process
Cause Risk & Audit
Analytics l Analytics Analytics Committees Governance functions analysis Owners
Analytics

Organizational ERP Systems, BI Enterprise Analytics

Tools, Other Systems Repository
Contact References:

1. Amrit Fogla (amrit.fogla@ae.ey.com)

2. Lina ElDeek (lina.eldeek@ae.ey.com)