robotic process automation

Robotic Process Automation: An Introduction
Robotic process automation can be defined as the application of technology, which is governed by the business logic and formed inputs and the main aim of this technology is the automation of the business processes. In addition to this the tools of the RPA enables the entity in the configuration of the software and capturing and in interpreting the applications in order to process a transactions. It also allows manipulation of the data and triggering the responses and making communication with the other digital systems. It is the use of the software with the help of artificial intelligence and machine learning capabilities.
This technology provides the entity with the ability to reduce the costs and human error. It is very efficient as it is totally secure and safe, stable and much reliable and most important it is scalable. It can be implemented with great flexibility and speed and also it is very cost effective. Further the system updates are easily available and thus it is very easy to adapt such system as there is minimum coding. It is capable of mimicking most of the human user actions such as they can log in the applications, move files and folder can copy and paste the data, fill up the forms and it is also capable of extracting structured and semi-structured data from the documents and many other important jobs can be performed.     
Further RPA is versatile and flexible and it can be used in the business of any size and there is two common types which are available in the market such as programmable bots which is defined by the set rules and instructions and other one is intelligent bots i.e. bots with artificial intelligence will analyze the data: both historical and current and analyze how employees performs a process. RPA is a broad field and it works on existing IT infrastructure.
Role of RPA in Accounting and Finance Services Space:
According to the research 52.8% of the professionals will seek this technology to improve the operations through automation and analytics in the accounting processes. Further the enhanced finance automation will address the common and industry related issues. It builds momentum by performing repetitive, manual financial and accounting processes....