Robotics and Automation in Finance and Accounting at Company X
Hemiä, Elli (2022)
2022
All rights reserved. This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2022112323795
https://urn.fi/URN:NBN:fi:amk-2022112323795
Tiivistelmä
This thesis reflects the topics of ‘robotics’ and ‘automatisation’, searching the true develop-ment of the area today used in finance and giving some insight to the next steps within the robotic industry. It explains the basic terminology used in connections with automatisation and explains how automatisation is important for companies in today’s business.
This research is based on the recent literature and studies discovered about the topic, bringing examples from the real life, and discussing what might be good choices for Company X, yet the findings might be applicable to other similar small or middle-sized companies, as well. The goal for the thesis is to bring guidance for development ideas and proposals for the financial processes of Company X, which this work focuses on.
The work also discusses about possible risks in implementing robotics and automation, how it effects to employees and organization itself, and what elements a successful implementation of RPA (Robotic Process Automation) and automatisation requires. It explains the main financial processes which take most time in financial roles in Company X and presents suggestions for improvements.
As result, some automation in different processes is proposed more specifically and while presenting required RPA project elements, the work is also leaving topics such as role specifications, to be determined by Company X itself. This report concludes the organizational management for digitalisation being an essential factor for successful robotisation and automatisation, yet not all processes necessarily require e.g., advanced technology, but rather improvement in the processes themselves. Identifying the real need for automatisation vs. simple process improvement and data management, are the keys for decision making for the development strategies to be chosen.
This research is based on the recent literature and studies discovered about the topic, bringing examples from the real life, and discussing what might be good choices for Company X, yet the findings might be applicable to other similar small or middle-sized companies, as well. The goal for the thesis is to bring guidance for development ideas and proposals for the financial processes of Company X, which this work focuses on.
The work also discusses about possible risks in implementing robotics and automation, how it effects to employees and organization itself, and what elements a successful implementation of RPA (Robotic Process Automation) and automatisation requires. It explains the main financial processes which take most time in financial roles in Company X and presents suggestions for improvements.
As result, some automation in different processes is proposed more specifically and while presenting required RPA project elements, the work is also leaving topics such as role specifications, to be determined by Company X itself. This report concludes the organizational management for digitalisation being an essential factor for successful robotisation and automatisation, yet not all processes necessarily require e.g., advanced technology, but rather improvement in the processes themselves. Identifying the real need for automatisation vs. simple process improvement and data management, are the keys for decision making for the development strategies to be chosen.