Process automation continues to play an important role in the digital transformation that occurs throughout the business world, and many companies that adopted this new emerging technology have certainly benefited from it.
Emerging technologies can use RPA to automate business processes, including processes related to finance and accounting, billing and receivables, purchases and accounts payable, and production and inventory. RPA is also used by companies to optimize their financial closing, performing reconcilations, managing and resolving exceptions, in addition to being used to record accounting entries in the ledger register, conclude transactions between companies, and perform consolidation/reporting functions.
Automation decreases, and often eliminates, the circulation of paper through the company, in addition to reducing the repetition of entries and reconciliation, generating gains in time and productivity. This tendency to use automation brings numerous benefits to the financial sector, such as efficiency, speed, security and credibility in the indicators of the economic and financial positioning of companies, allowing for future strategic decisions and results aimed at their growth.
The effective use of automation has become essential for companies that seek ways to provide quality services and fully meet the demands of the tax authorities, as they provide the obtaining of consistent and real-time information, reliably integrating areas. Research shows a consensus in the market that investment in automation in financial processes not only contributes to improving these processes, but also to meeting tax obligations.
Increasingly, automation will assume new responsibilities for routine cognitive tasks, but these technologies still cannot replace human interaction. Professionals must specialize to become strategists, helping to conduct their client's business.
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