1 robot equals 15 finances, financial person transformation is imminent

In the Internet age, the development of technology has brought a lot of convenience to everyone, but it has also brought challenges.

The development of artificial intelligence brings unlimited possibilities to human life, but it also reduces the space for career development.

Artificial intelligence is constantly infiltrating in various industries. Medical industry, artificial intelligence is used to diagnose diseases; automobile industry, driverless cars appear; logistics industry, drone warehouse management and robot sorting courier appear…

In the accounting industry, Deloitte, Ernst & Young, PwC and KPMG have also started using financial robots. Deloitte launched the “Deloitte Financial Robot”. Since the H5 animation about robots has been screened, financial robots have begun to appear in the accounting industry. Financial robots can replace financial manual operations, automatically enter information, and monitor financial processes.

The robot is ahead of the average person in terms of cost and efficiency.

 1 robot equals 15 finances, financial person transformation is imminent

PwC is also launched Own robots, using intelligent software to help financial personnel complete repetitive and singular tasks, using automation to achieve low cost and high efficiency. Unlike Deloitte robots, PwC’s robots are used in the fields of human resources, supply chain, and information technology, in addition to the financial field.

It is reported that the financial person of PricewaterhouseCoopers has been working in the central enterprise Sinochem International Co., Ltd., and the robot can automatically complete the reconciliation of 15 banks and 80 bank accounts every day. To confirm deposits, you can generate data sources from the tax system on a regular basis.

Andong is also following, launching robotic process automation, or RPA. “Robot Process Automation (RPA) is another step toward business process bundling and outsourcing transformation. Over the past few decades, we have seen various technological advances have had a huge impact on the business, and business process automation RPA will become In one step, its application will greatly reduce the need for people to engage in certain standards and large-volume activities.” RPA is applied to account reconciliation, order management, fraud management, data analysis and other processes.

RPA has been piloted at the bank, reducing bank processing time, reducing trade finance by 42.6%, and reducing commodity trading by 33.6%, improving business processing and business processing accuracy, and commodities. The transaction traded about 17 times a day and the number of trading errors and the trading department’s 21 trading errors dropped to almost zero.

KPMG is the last of the four major financial robots, providing integrated automation services from strategy to execution. Promote advanced automation from robotic process automation, digital workforce, human resources, and cognitive technologies.

Financial robots can work 24 hours a day, 7 days a week, and a robot is equivalent to 15 financial people.

 One robot is equal to 15 finances, and the financial person transformation is imminent.

So, what do robots do? ?

1. Substitute highly repetitive process work

A series of fixed process tasks such as report filling and reimbursement can be handed over to the robot to complete this type of finance in the future. Talent will not be needed.

2, full monitoring process

Financial robots can automatically manage and monitor financial processes throughout the process, perform work according to the corresponding procedures, and reduce the erroneous financial work.

3. Entering, organizing, and summarizing data

Data is the most headache for financial people. An oversight can lead to a resumption of work. After the financial robot is listed, its objectivity can achieve zero mistakes in data processing, and it can make up for the shortage of personnel.

With 24 hours of continuous work, even with massive data, it can be easily handled and completed in time. Financial staff will not be crazy at the end of the year.

4. Achieve a full investigation of the audit work

Generally speaking, when auditors conduct audit work, it is impossible to conduct a full review due to the large number of audit objects. And the financial robot can undertake a large amount of audit work and conduct a full investigation. To a certain extent, this can reduce the probability of fraudulent financial data of enterprises and promote the healthier and open operation of the financial system of enterprises.

5, 24 hours of uninterrupted work

In fact, this is the day’s work of ordinary financial staff, and 24 hours of uninterrupted work, high-intensity work is completely crushed Many financial accounting, its high precision is far from what ordinary people can do.

24 hours means that a person can’t eat or drink without sleep, no matter who can’t reach it, the financial person can work quietly without any external influence.

……

Under such a tough situation, ordinary financial accounting type accounting has become a substitute for wood. So how do financial people change?

Management accounting is the world of future financial people.

Compared with the robot, the most important thing is the ability of thinking and subjective initiative. Since ordinary accounting work has been replaced by robots, financial people can free themselves from these simple tasks. The land exerts people’s subjective initiative.

 1 robot equals 15 finances, financial person transformation is imminent

Specifically, the financial person needs:

1. Actively learn management accounting knowledge and do a new type of compound talents who understand financial management.

In the era of financial intelligence, financial personnel need to learn to integrate financial resources, conduct risk management and control, and help companies make macro decisions. In order to gain a deeper grasp of the knowledge of management accounting, specialized learning is required. Management accounting knowledge pursues systemic and practical, and the knowledge system is huge. For the mastery of such knowledge, you can systematically learn the basic knowledge through the high-quality financial CMA face-to-face or online course.

After mastering the basic theoretical knowledge, it is also necessary to apply the concept to the work, constantly improve yourself in the actual work, and become a new financial talent welcomed by the enterprise.

2. Learn more about other skills and prepare for the transition.

The era of accounting industry gold bowls is gone forever. In addition to the ability to handle the financial staff, the industry environment in which it is located is also important. Eggs should not be placed in a basket. This effect applies equally to work. Financial people must forge their own martial arts and become a new type of compound talent.

3, clear career planning goals.

How to become an irreplaceable person in the financial industry? The company’s CFO can be said to be the core figure of the finance department. The financial person can’t follow the steps, the old monk hits the task like a bell, but must define the career plan and establish the long-term goal of becoming a CFO.

It will be the top of the list, and the mountains are small.

4. Actively integrate into the trend of artificial intelligence

For the new trend of artificial intelligence development, we must not resist exclusion.

Nokia is an example. After Apple introduced the smart phone, Nokia executives did not agree, and did not timely carry out the company’s strategic challenges. As a result, the last generation of mobile phone giants ended badly.

The change is continual, the change is ambiguous; the change is stimulating, the change is fading; the change is born, and the change is dying. Since ancient times, this is a recognized law of survival. Since the great changes in the accounting industry, accounting personnel must take the initiative to transform.

In fact, whether it is for the accounting industry or other industries, it is inevitable to receive the challenge of artificial intelligence, and every industry must actively respond to this revolution.

No one can predict what will happen tomorrow. In order to cope with the great changes in the future, the best time is to take the initiative to cater to the trend of artificial intelligence, understand the development of artificial intelligence, adapt to the times to learn new knowledge, and be prepared to respond to changes at any time.