Applied Mathematics and Nonlinear Sciences
Journal license

Journal

Applied Mathematics and Nonlinear Sciences


Volume
& Issue

Volume 9, Issue 1


Published
on

February 26, 2024


Pages


DOI

Article

RPA Technology Enables Highly Automated Development of Corporate Financial Accounting Processes

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Authors

Meiqin Yao Affiliation:
Hangzhou Dianzi University Information Engineering College, Hangzhou, Zhejiang, 311305, China.


Abstract

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.


Keywords

Statistical analysis, Feature extraction, RPA technology, Consistency check, Financial accounting, 00A73


Citation

Yao, M. (2024). RPA technology enables highly automated development of corporate financial accounting processes. Applied Mathematics and Nonlinear Sciences, 9(1). https://doi.org/10.2478/amns-2024-0541

Published by: Engineering Journals

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