Impact of Robotic Process Automation in Accounting Industry

Chenneti, Veena Hanumanthu (2023) Impact of Robotic Process Automation in Accounting Industry. Masters thesis, Dublin, National College of Ireland.

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Abstract

Robotic Process Automation (RPA) usage is rising along with technological advancements and causing a swift growth in its adaptation. It is a rapidly growing field which involves setting up of bots or software processes which can be used in accounting to save time for important tasks, focusing on its potential and challenges, especially in typical accounting scenarios involving repetitive tasks. In this research, the researcher focuses on the PoC (proof-of-concept) of RPA approach, which involves testing automation using sample invoices to compare human efforts with automation, processed through three different methods. Invoice booking manually involves entering details like item names, prices, and quantities one by one into a ledger or software. Microsoft power automate method involves creating a flow and Python method has use of libraries like pandas, openpyxl, pdfplumber. The researcher examines how it requires careful attention to avoid errors and ensure accurate record-keeping whereas automation is a one-time setup of processes. The comparison and evaluation is recorded with different manual efforts, using Microsoft power automate, and python libraries.

Item Type:	Thesis (Masters)
Supervisors:	Name Email Byrne, Brian UNSPECIFIED
Uncontrolled Keywords:	Robotic process automation; pdfplumber; python; power automate; openpyxl
Subjects:	H Social Sciences > Economics > Business > Accounting H Social Sciences > HG Finance > Fintech T Technology > T Technology (General) > Information Technology > Fintech Q Science > QA Mathematics > Algebra > Algorithms > Machine theory > Robotics
Divisions:	School of Computing > Master of Science in FinTech
Depositing User:	Tamara Malone
Date Deposited:	02 Aug 2024 11:04
Last Modified:	02 Aug 2024 11:04
URI:	https://norma.ncirl.ie/id/eprint/7016

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