Accountants have always relied on automation to make their lives easier, even going back as far as the abacus. But now thanks to data-driven technologies and self-directed processes, robotic process automation (RPA) is possible. And as a result of these new capabilities, accounting is transforming in a number of ways.
RPA is lowering costs, refining accounting insights, speeding up reporting, and eliminating errors and omissions. Where accountants really feel the impact of automation, however, is in their own workloads and schedules.