TRANSFORMING FINANCIAL MANAGEMENT IN CHINA THROUGH RPA TECHNOLOGY

Abstract

The evolution of financial management in modern enterprises, driven by rapid technological advancement, has led to the emergence of intelligent financial accounting. From traditional accounting methods to computerized accounting, and now the application of financial robots using Robotic Process Automation (RPA) technology, these transformations have paved the way for intelligent financial accounting. This innovative approach leverages advanced technologies to enhance the efficiency and accuracy of financial management, serving as a reliable foundation for corporate decision-making. Financial robots, operating with human-like precision, excel at handling repetitive, mechanical tasks that are prone to human error. They can generate financial reports and conduct analyses on demand, contributing significantly to reducing the workload of financial staff and operational costs. By freeing finance professionals from repetitive tasks, intelligent financial accounting empowers companies to better navigate market competition and management challenges, fostering sustainable development. The adoption of RPA technology in financial management, particularly in the field of financial accounting, has demonstrated the substantial benefits of financial robotics. This has prompted international accounting firms and major corporations to incorporate RPA technology into their financial operations. China, in particular, has witnessed rapid development in financial robotics, with domestic companies launching unique and focused financial robot models.