5 Areas in Accounting Transformed by RPA
Robotic Process Automation (RPA) is on the rise. According to Gartner , 85% of large businesses will have deployed some form of RPA by the end of 2022. By using RPA, organizations can configure bots to perform human process transactions with higher speed and accuracy. This enables employees to focus on high-margin tasks rather than time-consuming activities. The accounting function is well-versed with the daily routine of gathering and processing data. Accountants are often bogged down with managing large volumes of data and lots of repetitive manual content writing service work. They are often the victims of the crippling end-of-month accounting activities that swallow up many working hours and increase average transaction handling times. Therefore, whether you run an accountancy practice, an investment firm, or want to improve your internal accounting processes, you should consider leveraging robotic processes. A recent Ernst and Young report estimates RPA