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 accounting robotic process automation


Digital Controllership: Finance and Accounting Robotic Process Automation a Priority

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In a recent Deloitte Center for Controllership poll of more than 1,700 finance, accounting and other professionals, 52.8 percent say their organizations plan digital controllership improvements--leveraging process automation, analytics and other technologies for financial and accounting processes--in the year ahead. Using finance and accounting robotic process automation (RPA) to increase efficiency and internal controls is the top priority for such efforts (34.7 percent). "Finance and accounting process automation can really run the gamut. Simpler, enhanced finance automation can address common, industry agnostic accounting issues. RPA can build momentum by performing repetitive, manual financial and accounting processes. And, cognitive computing can be configured to adapt to non-routine, industry and organizationally specific needs," said Kyle Cheney, Deloitte Risk and Financial Advisory partner, Deloitte & Touche LLP.