Robotic process automation in accounting systems

Research output: Contribution to journalReview articlepeer-review

3 Scopus citations

Abstract

Robotic process automation is rapidly transforming the world of work for accounting and other information professionals. Data collection and entry that used to occupy much of the workday is being automated by programmable software robots or bots. Automation using bots should begin with processes that are stable, repetitive, and consume sufficient resources to generate a solid return on investment. As bots are implemented, a number of governance, risk, and compliance issues need to be considered including appropriate controls on bot access to sensitive records and transactions. The bot development process also requires controls so that only tested and authorized bots are deployed. For many companies, RPA is exactly what they have been looking for to drive higher efficiency in information processing.

Original languageEnglish
Pages (from-to)209-213
Number of pages5
JournalJournal of Corporate Accounting and Finance
Volume31
Issue number4
DOIs
StatePublished - Oct 2020

Keywords

  • RPA
  • process automation
  • software robots
  • technology controls
  • technology governance

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