Process Accounting Automation

Is Process Automation Changing the Accounting Software Landscape?

As technology improves, it has become increasingly clear that automation can effectively replace certain roles and tasks in the workplace, though while some fear a robotic revolution rendering human employees obsolete, it’s not likely.

Robot process automation in accounting

Auditing has been a distinctly manual process–until recently. Artificial Intelligence (AI) and robot process automation (RPA) has been able to link manual, seemingly disparate tasks into cohesive processes. RPA has disrupted modern accounting–making repetitive, time-consuming tasks more efficient than ever before.

Many fear this disruption, but rather than rendering humans obsolete, it simply makes room for human workers to spend time on other tasks. The role of human workers is simply changing, and in many ways, expanding. Strategic and advisory services are increasingly in demand, and accountants and auditors finally have the bandwidth to provide more meaningful services such as these.

RPA has already made a splash in recent years as tax automation programs such as those provided by TurboTax and H&R Block have become more and more common.

AI and the cloud revolution

AI technologies are expected to create a $1.2 trillion market by 2020. While some CFOs remain skeptical that AI has a role in accounting, others fear its arrival. Technology is not slowing down, so it is imperative that accounting professionals be ready to embrace the disruption led by AI and RPA ahead, knowing that their jobs and career opportunities will be all the better for it.

Flexi for process automation

Implementing cloud-based services such as Flexi keeps your business at the cutting edge of leading automation technologies.

Trusted by enterprises for 25+ years, Flexi has deployed thousands of implementations around the globe and gained experience in providing you with important capabilities to grow your business, like the need for:

  • Workflow automation with superior speed, performance and security
  • Continuous close capabilities and easy consolidations of financials and/or currencies
  • Flexible software that can quickly adapt to changing business needs or market requirements

Flexi has built all of this knowledge and so much more into a platform that will deliver extraordinary benefits.

Flexi offers robust accounting software with all the features you’d expect from a top tier platform – but at a fraction of the cost of others. Learn more about Flexi’s solutions today to see how process automation can benefit your business today, tomorrow, and beyond. Call 800-353-9492.