CIMA E1 Syllabus B. Technology In A Digital World - Process Automation - Notes ^{6 / 12}

Process automation is the ability of systems to perform routine activities without the input of a human.

Basically, human workers are being replaced by machines and technology.

Advantages of process automation

Repetitive tasks will be constantly dealt with, thus leading to increased speed, consistency and quality
Some redundancy of accounting staff is likely, leading to cost savings
Accounting staff will have to upskill to produce more value adding work