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2020 | OriginalPaper | Chapter

7. Robotic Process Automation

Author : Sean Stein Smith

Published in: Blockchain, Artificial Intelligence and Financial Services

Publisher: Springer International Publishing

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Abstract

Artificial intelligence is clearly a disruptive and potentially disruptive technology tool, but it is important to take a step back and observe the overall business environment in addition to the finance and accounting specific applications that have entered the marketplace. Drilling down, and taking a realistic analysis of where both personnel and technology tools are currently positioned in the marketplace it may be logical to conclude that implementing an artificial intelligence platform may not be a practical option at this time. Additionally, and dealing with the reality that some individuals will be less engaged in the technological process than others within the organization, RPA offers several benefits that a fully fledged blockchain or artificial intelligence may not be able deliver at the present time (Fig 7.1).

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previous chapter Artificial Intelligence
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Literature
Alarcon, J. L. J., Fine, T., & Ng, C. (2019). Accounting AI and machine learning: Applications and challenges. Pennsylvania CPA Journal, 1–5.
Brazina, P. R., & Ugras, Y. J. (2018). Accounting automation: A threat to CPAs or an opportunity? Pennsylvania CPA Journal, 3–7.
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Corson, M. (2016). The future of finance. Financial Executive, 32, 6–11.
Gex, C., & Minor, M. (2019). Make your robotic process automation (RPA) implementation successful. Armed Forces Comptroller, 64(1), 18–22.
Jones, K. (2017). May the bots be with you: RPA for HR. Workforce Solutions Review, 8(3), 39–40.
Preimesberger, C. (2018). Predictions 2019: Why RPA stands to see even more growth. EWeek, N.PAG.
Samuels, M. (2019). How to create a strategy fit for the digital age. Computer weekly, 22–26.
Seasongood, S. (2016). Not just for the assembly line: A case for robotics in accounting and finance. Financial Executive, 32, 31–39.
Metadata
Title
Robotic Process Automation
Author
Sean Stein Smith
Copyright Year
2020
Book
Blockchain, Artificial Intelligence and Financial Services

Print ISBN: 978-3-030-29760-2

Electronic ISBN: 978-3-030-29761-9

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-29761-9_7