RPA for CPAs Series: Advantages to Automation

As with other forms of automation, the inherent speed and ef­ficiency of machine processing gets work done faster. Automation can also scale to accommodate increases in volume. For a growing company, this can mean not having to add additional head count to handle the extra paperwork that comes with expansions to meet customer demand. Alternatively, scalability could mean being able to audit more documents to find exceptions to defined business rules.

Greater traceability is another advantage. Every action a bot takes can be logged and controlled through strict codified rules. This feature makes all bot activity easy to monitor, trace, and audit. When good software governance practices are applied to develop­ing and deploying the RPA bots, business leaders can expect con­sistent and reliable results from their automated tasks.

RPA helps manage risk, too. Limiting workers’ access to sen­sitive information is often a key control in business processes. Incorporating RPA into the workflow can reduce the possibility of data exposure by limiting access to sensitive data even further. RPA can also manage risk by being a control that provides continuous.

This article is part of a series exploring how RPA technology can enhance a CPA’s work, past entries are listed below:

  1. RPA for CPA’s Series: Bringing on Bots to Enhance a CPA’s Work

How Can Schneider Downs Help?

The Schneider Downs Business Process Automation team is committed to assisting clients with the evaluation, adoption and implementation of robotic process automation technology. We work with our clients to evaluate use cases, develop cost-benefit analyses, implement process automation, and provide continuous support to the operation of your business automation processes. 

Learn more at www.schneiderdowns.com/RPA

This article is reprinted with permission from Pennsylvania Institute of Certified Public Accountants, Ten Penn Center, 1801 Market Street, Suite 2400, Philadelphia, PA 19103. (215) 496-9272 ©2019. View the full article here.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at [email protected].

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2023 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

our thoughts on
President Biden Signs Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence
What You Missed at Dynamics Community Summit
Digital Transformation in the Construction Industry – Why So Much Hesitation?
Cybersecurity in the Construction Industry
Top New Features in Business Central 2023 Release Wave 2
7 Key Steps For a Smooth Transition from Dynamics GP to Microsoft Dynamics 365 Business Central
Register to receive our weekly newsletter with our most recent columns and insights.
Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us
contact us
Pittsburgh

This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.

×