Journal of Innovation in Business and Economics
Vol. 4 No. 01 (2020): Journal of Innovation in Business and Economics

Robotic Process Automation and effectiveness of financial decisions: A critical review

Susan Otaru (Federal University of Technology Minna, Nigeria)
Umaru Zubairu (Federal University of Technology Minna, Nigeria)
Grace Bikefe (Nile University, Nigeria)
Yakubu Mustapha (Federal University of Technology Minna, Nigeria)
Simeon Araga (Federal University of Technology Minna, Nigeria)
Afisat Ayorinde (Federal University of Technology Minna, Nigeria)



Article Info

Publish Date
27 Jul 2020

Abstract

Robotic Process Automation (RPA) has emerged over the last decade as an important tool for improving the effectiveness of many financial decisions through automation of several everyday financial tasks. According to optimists, this is a good thing for business. However, the skeptics believe that RPA will likely lead to a replacement of humans with machines. This study conducted a critical review of existing RPA empirical studies to shed more light on which party of the RPA debate is most supported by the evidence. The empirical evidence showed that RPA adoption leads to improved productivity and significant returns on investment. However, there is a need for a significant number of empirical studies to be carried out over the coming years before the RPA debate can be definitively settled.

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Journal Info

Abbrev

jibe

Publisher

Subject

Economics, Econometrics & Finance

Description

The Journal of Innovation in Business and Economics (JIBE) is published by the Department of Economics and Business at University of Muhammadiyah Malang in 2017. Previously this journal was known as Jurnal Media Ekonomi that was initially published in 2000. In 2011 until 2016, this journal was ...