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Transforming Your Finance Department with RPA

Now is the chance to begin transforming your company's finance department by implementing robotic process automation (RPA), which can automate the tedious, manual tasks that are keeping it from evolving. In this white paper, you’ll get a list of the processes in finance and accounting that are highly suited to RPA, considerations for automation, and more.

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An account is a unique record for each type of asset, liability, equity, revenue and expense.

• Asset – Something that is expected to generate future benefit and is owned or controlled by the company.
• Liability – A company’s legal debts or obligations.
• Equity - An owner's rights or claims to the property (assets) of the business.
• Revenue - Fees earned from providing products or services.
• Expense - Decrease in the owner's equity resulting from an outflow of cash or other valuable assets to a person or company.

A Chart Of Accounts (COA) is comprised of individual account records.