Robo accounting is robotic process automation for accounting, i.e. the application of software robots (bots) to automate repetitive tasks, like processing transactions and data. By combining bots with smarts from machine learning and AI platforms, they will be able to take on increasingly sophisticated tasks in the future.
Robo accounting is slowly gaining pace; mainly in large enterprises. The potential, however, is impressive for smaller companies too.
By letting software robots perform a variety of repetitive finance tasks, like the manual work involved in the accounts payable process, you will:
Accounting has been through several technological revolutions. After Excel came the software tools and accounting in the cloud. Today, bots are increasingly gaining foothold in accounting departments. In the coming years, the level of intelligence is expected to rise dramatically.
Find out BekaertDeslee’s vision on RPA, and its first RPA proof of concept, exploring how RPA can help create a virtual showroom.
Simple, flexible, electronic and secure transmission of invoices