top of page

Finance and Accounting Process Complexity and Automation Likelihood

According to a paper by the Institute of Management Accountants (IMA), Robotic Process Automation (RPA) is identified as the top emerging technology that will have the greatest impact on the finance and accounting (F&A) profession:


  1. Robotic Process Automation (34.4% of respondents)

  2. Artificial Intelligence (22.7%)

  3. Data Science (14.1%)

  4. Budgeting, planning, and forecasting tools (12.1%)

  5. Blockchain (6.6%)

  6. Data visualization (5.8%)

  7. Others (0.9%)

  8. Unsure (3.5%)


This is not surprising since many of the F&A processes are repetitive and rule-based — two of the most important criteria in identifying good RPA candidates.


In fact, an overwhelming majority of F&A professionals (95.6%) concur that their processes can benefit from RPA. After all, many processes — for example, accounts payable and accounts receivables, bank reconciliations and payroll — have relatively low complexity and high automation potential.



Nevertheless, given finance’s stewardship role, it is important that any digital transformation initiative being contemplated, regardless whether it is RPA or something else, must demonstrate a clear business case and an appropriate level of Return on Investment (ROI).


In this regard, we have helped many of our clients prepare a ROI report which they can then present to their management or board for investment approval. To request for your own customized copy of the ROI report, feel free to reach out to us using the link below:



 
 
 

Comments


Featured Posts

Recent Posts

Follow Us

  • LinkedIn
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Join our mailing list so you never miss an update.

Robotic Process Automation Singapore

CFB Bots is a leading technology service provider in the fast-growing field of Intelligent Automation. We partner with large enterprises in their Digital Transformation journey and help them and their employees thrive in the Future of Work.

NAVIGATE
CONTACT US
STAY CONNECTED

Singapore

CFB Bots Pte Ltd

Registration No.: 201705263H

77 High Street

#05-09, High Street Plaza

Singapore 179433

T: +65 6909 2099

E: enquiries@cfb-bots.com

Malaysia

CFB Bots Sdn Bhd

Registration No.: 202401045826 (1591672-X)

Suite: 33-01, 33rd Floor

Menara Keck Seng

203 Jalan Bukit Bintang

55100 Kuala Lumpur

T: +60 39 388 0352

E: my@cfb-bots.com

Australia

T: +61 2 8880 5998

E: au@cfb-bots.com

Join our mailing list to get the latest insights on automation

  • LinkedIn Social Icon
  • Facebook Social Icon
  • Twitter Social Icon
  • Instagram Social Icon
  • YouTube Social  Icon
TS Master Logo.png

© 2017-2025 CFB Bots Pte Ltd. All Rights Reserved. Tel: (65) 6909 2099 | Email: enquiries@cfb-bots.com | Privacy Policy | Terms of Use

bottom of page