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Opportunities and threats in robotic accounting

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Original Article

Author Details : R.K. Tailor, Bhumika V. Hiremath*

Volume : 10, Issue : 2, Year : 2023

Article Page : 112-115

https://doi.org/10.18231/j.jmra.2023.019

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Abstract

In an environment which is quite dynamic, Robotic process automation (RPA) is booming and automation of the accounting sector is something that we can look forward to in the coming years. Robotic process Automation’s main intention is not to replace humans with robots, but rather to give human workers the freedom to concentrate on strategic operations. Accounting departments are better suited for RPA because they handle monotonous, routine work that demand meticulous attention to every small detail cause even a small change in the amount has a greater impact on the business. The accounting process is enhanced by RPA, which completes unskilled responsibilities of an organisation. This research paper will give an insight into Robotic accounting, including its benefits in terms of how it boosts the efficiency of human workforce and the areas where it still needs improvement. The future of the accounting industry is in the hands of these robots and is quite uncertain. This article gives an insight into the future of robotic accounting, which is yet to be researched in depth.

Keywords: Robotic Accounting, RPA, Automation, Accounting effectiveness

How to cite : Tailor R, Hiremath B V, Opportunities and threats in robotic accounting. J Manag Res Anal 2023;10(2):112-115

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