Deltek is the leading provider of enterprise resource planning (ERP) solutions for project-based businesses. With industry-specific modules that tie to project financials, Deltek Costpoint is the leading ERP software for government contractors of all sizes.
With the volumes of data in Costpoint, and the software’s broad range of capabilities, there are repetitive, high-volume, and structured tasks that consume the valuable time of your employees. With robotic process automation (RPA), you can offload these tasks to a digital co-worker, a “bot,” to enhance efficiency, reduce errors and optimize your overall operational performance. A bot performs transactional activities in Costpoint the same way a user would.
Modernizing operations with RPA
By simulating human actions, RPA can automate the tedious and manual tasks involved in data exchange and processing. It can enhance business processes by replacing the human effort needed for routine and boring, repetitive work. RPA can enter data, execute commands, follow processes and complete transactional activities within Costpoint. RPA effectively replicates how a human would interact with the system, duplicating the process they’re following to achieve the required the end result. Unlike common “automations” like scripts and macros, RPA can provide key capabilities including audit trails, centralized security, versioning, reporting and more.
Using RPA for process automation
The starting point for process improvement and innovation is often a process that is well-defined, repeatable, and rule based. This means there are clear guidelines and explicit decision-making based on standardized, predictive rules. Factors including a low number of variation scenarios leading to different handling procedures and a high volume of transactions are also indicators that your processes could benefit from RPA.
Which business functions are best for RPA? Often back-office tasks such as accounts receivable, accounts payable and human resources functions are a starting point. While automation can benefit your company’s IT, sales, legal and supply chain operations, common processes ripe for RPA include:
Accounting and finance
- AP invoice processing
- Accounts receivable
