The rise of automation in accounting

Many finance organisations are continuing to seek efficiencies through greater use of tools. Many surveys suggests that more transactions are being processed automatically and more reporting is being done by machines, with smart machines working alongside humans to make Finance more productive and effective.

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It’s understandable then that many CFOs are concerned about the impact of automation on people. A recent report estimates that almost half the roles in back office functions have the potential to be automated, with the roles least likely to be automated being knowledge-based management positions, which usually sit outside of shared services.

In our collaborative insight with Deloitte Middle East, we look at the rising use of automation in finance, along with how this impacts the Middle East and professional accountants, both now and in the future.