As an early adopter of automation, SEW-Eurodrive in Lyman, S.C., has experience working with a wide variety of automated technologies and automation suppliers. So what has been its biggest takeaway after having worked more than a decade in manufacturing automation? Make sure to partner with an experienced and trusted supplier. Hear how SEW-Eurodrive’s partnership with Makino has helped reduce part costs, improve company morale and increase plant production tenfold with only a 6 percent increase in manpower, making the Lyman plant the most efficient operation across the company’s entire global manufacturing network.
Over the past few years, terms such as: ‘Modern Finance,’ ‘Continuous Accounting’ and ‘Robotic Process Automation’ have all created buzz across the finance industry. These have been launched as a response to the challenges facing finance around attracting and retaining high quality employees, the rising risks due to the difficulty in certifying accurate data, today, and the expectation that finance has a role in driving the business forward.
In terms of reconciliations, we tend to spend most of our time simply gathering data before we can even begin to think about reconciling it. Once the data is finally in the right format, the majority of our time is then spent manually going through the matching process, rather than spending that time focused on the areas that are most critical to us, as can be seen in the diagram on the right.
Published By: BlackLine
Published Date: Apr 10, 2017
For many, the idea of Robotic Process Automation (RPA) might conjure images of large automated assembly line welders and pickers. But RPA actually refers to software robots, or applications that replicate human interaction with a user interface on a computer system. Download now to learn more!