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).
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
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.
Casale, F. (2014). How digital labor is transforming IT. CIO Insight, 2.
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.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Stein Smith, S. (2020). Robotic Process Automation. In: Blockchain, Artificial Intelligence and Financial Services. Future of Business and Finance. Springer, Cham. https://doi.org/10.1007/978-3-030-29761-9_7
Download citation
DOI: https://doi.org/10.1007/978-3-030-29761-9_7
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-29760-2
Online ISBN: 978-3-030-29761-9
eBook Packages: Economics and FinanceEconomics and Finance (R0)