SINGAPORE (Nov 12): The future is here and industry professionals can reap enormous benefits from adopting robotic process automation (RPA), says the Association of Chartered Certified Accountants (ACCA). 

ACCA is encouraging its members to adopt RPA and embrace technology because these will change their roles, turning them into strategic business leaders who also possess the background and ability to understand the numbers better than most.

RPA is not a little robot weaving around malls or cleaning rooms and corridors in hotels or in assembly lines building cars. RPA is a software that can be easily programmed or instructed by end-users to perform high-volume, repeatable, rules-based tasks. A recently released report titled “Embracing Robotic Automation during the Evolution of Finance” by ACCA, KPMG and Chartered Accountants Australia New Zealand describes RPA as a program replicating “the actions of a human accessing multiple systems”. RPA cuts across the IT legacy landscape and helps connect the flow of data, the report adds. It automates the transfer of data within processes quickly and accurately.

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