Description

INTRODUCTON

In the digital world that we live in today, many companies are exploring trending and innovative technologies that provide a fundamental shift in the way traditional business processes are carried out. The digital landscape is continuously changing and progressive businesses adapt to take advantage of innovation. Robotic process automation (RPA) is an innovation that boosts productivity and efficiency gains in businesses. It is a different way of thinking about how businesses processes operate to drive efficient operations and cost savings across core lines of business. Many companies are taking advantage of robotics to change the way we live and work.

RPA, simplified, is an automation technology that is used to develop software which draws on the principles of artificial intelligence to do high quantity and repetitive tasks that take a lot of time to complete. It can be applied to repetitive tasks that occur in a wide variety of business sectors, thereby reducing the time taken to carry out these activities and increasing the work output. In this paper we will explore the implications of RPA on a local accounting firm, HLB TCI Ltd.

Without a doubt, RPA is poised to address several challenges such as work areas saturated with mundane and time-consuming tasks, high operational costs, and degraded quality of work caused by human error. On the other hand, implementing this technology has its own set of drawbacks, such as complexity of implementation as well as the threat of unemployment as a result of automation.