Transforming Management Reporting with Intelligent Process Automation (IPA): Enhancing Business Analytics, Forecasting, and Decision-Making in Organizations
Samokhvalov, Igor (2024)
2024
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024052917945
https://urn.fi/URN:NBN:fi:amk-2024052917945
Tiivistelmä
This research-focused thesis investigates the integration and impact of Intelligent Process Automation (IPA) technologies on managerial accounting reporting within organizations. It explores on how advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and robotics redefine the processes of managerial reporting, thereby enhancing the quality of data and supporting decision-making. Conducted within the Bachelor of Business Administration program at Haaga-Helia University of Applied Sciences, this study aims to provide a comprehensive understanding of the dynamic capabilities of IPA.
The theoretical foundation of this thesis is built on two main pillars: the conceptual and practical applications of managerial accounting, and the transformative influence of IPA technologies on these processes. It includes an overview of the evolution of managerial accounting in the context of technological advancements, focusing on the increasing importance of data analytics and decision support in managerial roles.
Employing a qualitative approach, the study utilizes case studies to draw insights from real-world applications of IPA in three different organizations. This method was chosen for its effectiveness in capturing the nuanced impacts of technology on managerial accounting practices. Data were collected through semi-structured interviews with management personnel who oversee and interact with IPA systems in their reporting processes.
The findings reveal that IPA technologies significantly enhance the efficiency and accuracy of management reporting systems. Organizations implementing these technologies benefit from faster processing times and more reliable data outputs, which in turn facilitate more informed strategic decision-making. The study also highlights the challenges and managerial implications associated with transitioning to automated systems. The thesis concludes that IPA represents an effective advancement in managerial reporting, with profound implications for business operations. It offers strategic insights for organizations contemplating the adoption of these technologies, suggesting a need for thoughtful integration and adaptation strategies. This research contributes to academic discussions on digital transformation in accounting and provides practical guidelines for organizations aiming to leverage technology for enhanced decision-making efficiency.
The theoretical foundation of this thesis is built on two main pillars: the conceptual and practical applications of managerial accounting, and the transformative influence of IPA technologies on these processes. It includes an overview of the evolution of managerial accounting in the context of technological advancements, focusing on the increasing importance of data analytics and decision support in managerial roles.
Employing a qualitative approach, the study utilizes case studies to draw insights from real-world applications of IPA in three different organizations. This method was chosen for its effectiveness in capturing the nuanced impacts of technology on managerial accounting practices. Data were collected through semi-structured interviews with management personnel who oversee and interact with IPA systems in their reporting processes.
The findings reveal that IPA technologies significantly enhance the efficiency and accuracy of management reporting systems. Organizations implementing these technologies benefit from faster processing times and more reliable data outputs, which in turn facilitate more informed strategic decision-making. The study also highlights the challenges and managerial implications associated with transitioning to automated systems. The thesis concludes that IPA represents an effective advancement in managerial reporting, with profound implications for business operations. It offers strategic insights for organizations contemplating the adoption of these technologies, suggesting a need for thoughtful integration and adaptation strategies. This research contributes to academic discussions on digital transformation in accounting and provides practical guidelines for organizations aiming to leverage technology for enhanced decision-making efficiency.