Continuous Payroll Audit Controls with Software Robots (RPA)
A retail business with a large workforce prepared payroll and bonus payments fortnightly. Payments were manually reconciled to ensure accuracy and compliance. The process involved looking at large volumes of data from multiple systems, making it costly and error-prone. A full-time resource took a few days to complete this process.
With the deployment of software robots, the business was able to consolidate large volumes of data into a single source. The robots validated the data and loaded it into various systems.
This reduced processing costs and errors, improved compliance and established superior audit controls.