- The Industry Insights Innovation Awards seek to recognize organizations and tech leaders of tomorrow who have driven change through the application of technology to improve business performance
(PRESS RELEASE) RUEIL-MALMAISON, 7-Jan-2021 — /EuropaWire/ — Schneider Electric has been recognized with an Excellence in Operations award at IDC Industry Insights Innovation Awards (IDCIIA) 2020 for successfully automating its journal entries process as part of its finance digitization journey.
Customer centricity is a key value of Schneider Electric and one of the best ways to achieve this is through digital innovation. Finance Digitization started the journey of automation in 2019, focusing its efforts on journal entries, the foundation for all financial reports. Posting journals is a high volume, time-consuming, and critical process for every organization. Working closely with the Global Finance Services we identified the best use cases for RPA (Robotic Process Automation), optimized the Business process, and then automated. So far, the automations delivered productivity savings of over 6,500 person-days per year for Global Finance Services and target to deliver another 6,000 person-days in 2021.
“We are very pleased to receive an award for Excellence in Operations at the IDC Industry Insights Innovation Awards (IDCIIA) 2020. It’s a huge recognition of all the efforts that have been invested in our digital finance transformation, it’s a testimony of what we can achieve when we come together as one team. This achievement wouldn’t have been possible without the efforts from various Schneider Digital teams and Global Finance Services” said Praveen Singh Thakur, IT Director at Schneider Electric.
The Industry Insights Innovation Awards seek to recognize organizations and tech leaders of tomorrow who have driven change through the application of technology to improve business performance in specific industry verticals and areas of business. The evaluation of nominations and selection of finalists is independently undertaken by a multidisciplinary team comprising global IDC executive leadership, senior industry research leaders, and domain experts.
Global Communications Specialist
SOURCE: Schneider Electric