RPA Technology Enables Highly Automated Development of Corporate Financial Accounting Processes
The article discusses the application of RPA (Robotic Process Automation) technology in financial management and demonstrates its remarkable effectiveness in improving efficiency and reducing costs. The article establishes an automated accounting method for enterprise finance using RPA technology th...
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| Format: | Article |
| Language: | English |
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Sciendo
2024-01-01
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| Series: | Applied Mathematics and Nonlinear Sciences |
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| Online Access: | https://doi.org/10.2478/amns-2024-0541 |
| _version_ | 1797279164110209024 |
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| author | Yao Meiqin |
| author_facet | Yao Meiqin |
| author_sort | Yao Meiqin |
| collection | DOAJ |
| description | The article discusses the application of RPA (Robotic Process Automation) technology in financial management and demonstrates its remarkable effectiveness in improving efficiency and reducing costs. The article establishes an automated accounting method for enterprise finance using RPA technology through statistical analysis, classification processing, and feature extraction of enterprise financial data. The consistency check method is used to verify the fit and reasonableness of the method. Practically applied to the financial accounting process of Enterprise A, the method dramatically reduces the time for reconciling bonds and funds from 60 minutes to 2 seconds, significantly improving the accounting efficiency. In addition, the method ensured that the accuracy of statement filling reached 100% and reduced the labor cost of enterprise accounting from 17.58 million yuan to 6.88 million yuan, a reduction of 2.56 times. The article emphasizes that the established financial accounting method increases the enterprise’s profitability and lays a solid foundation for the development of financial accounting automation. |
| first_indexed | 2024-03-07T16:20:20Z |
| format | Article |
| id | doaj.art-fd49c6bcb8ae4c43b9a9fa73e0cb2e8c |
| institution | Directory Open Access Journal |
| issn | 2444-8656 |
| language | English |
| last_indexed | 2024-03-07T16:20:20Z |
| publishDate | 2024-01-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Applied Mathematics and Nonlinear Sciences |
| spelling | doaj.art-fd49c6bcb8ae4c43b9a9fa73e0cb2e8c2024-03-04T07:30:42ZengSciendoApplied Mathematics and Nonlinear Sciences2444-86562024-01-019110.2478/amns-2024-0541RPA Technology Enables Highly Automated Development of Corporate Financial Accounting ProcessesYao Meiqin01Hangzhou Dianzi University Information Engineering College, Hangzhou, Zhejiang, 311305, China.The article discusses the application of RPA (Robotic Process Automation) technology in financial management and demonstrates its remarkable effectiveness in improving efficiency and reducing costs. The article establishes an automated accounting method for enterprise finance using RPA technology through statistical analysis, classification processing, and feature extraction of enterprise financial data. The consistency check method is used to verify the fit and reasonableness of the method. Practically applied to the financial accounting process of Enterprise A, the method dramatically reduces the time for reconciling bonds and funds from 60 minutes to 2 seconds, significantly improving the accounting efficiency. In addition, the method ensured that the accuracy of statement filling reached 100% and reduced the labor cost of enterprise accounting from 17.58 million yuan to 6.88 million yuan, a reduction of 2.56 times. The article emphasizes that the established financial accounting method increases the enterprise’s profitability and lays a solid foundation for the development of financial accounting automation.https://doi.org/10.2478/amns-2024-0541statistical analysisfeature extractionrpa technologyconsistency checkfinancial accounting00a73 |
| spellingShingle | Yao Meiqin RPA Technology Enables Highly Automated Development of Corporate Financial Accounting Processes Applied Mathematics and Nonlinear Sciences statistical analysis feature extraction rpa technology consistency check financial accounting 00a73 |
| title | RPA Technology Enables Highly Automated Development of Corporate Financial Accounting Processes |
| title_full | RPA Technology Enables Highly Automated Development of Corporate Financial Accounting Processes |
| title_fullStr | RPA Technology Enables Highly Automated Development of Corporate Financial Accounting Processes |
| title_full_unstemmed | RPA Technology Enables Highly Automated Development of Corporate Financial Accounting Processes |
| title_short | RPA Technology Enables Highly Automated Development of Corporate Financial Accounting Processes |
| title_sort | rpa technology enables highly automated development of corporate financial accounting processes |
| topic | statistical analysis feature extraction rpa technology consistency check financial accounting 00a73 |
| url | https://doi.org/10.2478/amns-2024-0541 |
| work_keys_str_mv | AT yaomeiqin rpatechnologyenableshighlyautomateddevelopmentofcorporatefinancialaccountingprocesses |