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Don’t let your focus on the future
stop after Las Vegas!
Sign up now for the
Future Focus Bi-weekly
Webinar Series
1
RPA in Treasury
David Mazzola Senior Treasury Manager at Spotify David is focusing on speed, efficiency, and global integration of Treasury processes and systems. His current focus is Global Risk and Operations at Spotify. Previously, David worked as VP of Global Treasury Systems for QBE Insurance overseeing the Treasury technology ecosystem including system governance, vendor management, and operations support. David has been in Finance for over 14 years, working on both the banking and corporate side and has overseen multiple system implementations in Fund of Funds Custody and Treasury. David has managed global teams spanning New York, London, Stockholm, Sydney, and the Philippines. David Mazzola holds a BA degree in Communications and an MBA in Global Management.
Quick Facts
79 124M
Subscribing users
Markets
5000+
Employees
271M
Monthly active users
Spotify Treasury
Cash &
Trading & Risk & Treasury
New
Liquidity Operations Systems
Markets
What brought me to Spotify
What brought me to Spotify
What brought me to Spotify
History of RPA @ Spotify
Process
WorkFusion
Market Enterprise Redesign &
Proof of Production Production
research Reboot Migration to
concept
UiPath
2017 TodayDiscovery Complexit y Requireme nts Business Case
Prioritization Alternativ es Dependen cies Collaborat ion
Documentation Optimized Process Stakeholders Controls Walkthrough & Technical Design
Development Iterative Testing Bot Access
Deployment UAT Stakeholders (Go/No Go) Integrations, Training, and User Guides
Stabilization Hypercare Maintenance Refinement Business Case Evaluation
Treasury Solutions
“RPA is helping Spotify Treasury drive value throughout the organization…”
● Controls ● Financial Accounting Entries
○ Daily Status Report ○ Reversals
○ Data Reconciliations ○ Realized G/L (Mid-Month)
○ Unrealized G/L
○ Account
● Cash Accounting Entries
Reconciliations
○ FX Spot & Forward Settlements
○ Audit review
○ EMIR reporting
○ Payment Fraud TriageChallenges and Lessons
● RPA candidacy
• Volume
• Structured data
• Standardized and rule based
• Stable systems and UIs
• Alternatives
● Standardize Processes
● Cost/benefit & long-term
solutions
● Consider all dependencies
(Design & upgrades)
● Bots are… well… not smartWhat Could You Do with RPA in Treasury?
Using RPA to drive greater automation
Kyriba Live! 2020
20Our portfolio of brands
21ACCO Treasury map
22Automation motivation
ACCO Reporting Requirements Kyriba Available Reporting
Data
Elements Data
Data Elements
A B
Elements A D F
A B C D Data
Elements
C D E
F
23Perfect automation vs perfect information
• Automation from Kyriba
• Manual formatting
• Confined to Kyriba of reports based on
reporting structure & Kyriba output
elements
• Takes time
• End users need several
reports to get a complete • Opportunity for
set of data error
• End users must learn
Kyriba nomenclature
24The Solution: RPA
WHEN
• Click-heavy processes
• Defined sequence or flow to tasks
• Tasks that do not require subjective
decision-making
WHY
• Quick win
• Provides opportunity for more value-add
activities
• Enhance employee engagement
25Thank you
Don’t let your focus on the future
stop after Las Vegas!
Sign up now for the
Future Focus Bi-weekly
Webinar Series
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