Questions about your expense account? Check with the robot

Image: iStock Would you trust your finances to a robot? Apparently a growing number of companies will be doing just that, with the use of automation, artificial intelligence (AI) and robotics in finance departments expected to rise. “The end of the traditional finance function as we know it is imminent,” stated a recent report from consulting firm KPMG. Technology has advanced to such a degree that robotics is now being used in applications relating to the finance function of organizations, the study said. The technological progress of robotics is now faster than ever, and enterprises that are not capable of following this trend are at risk of falling significantly behind the competition within a few years, KPMG said. In the traditional model, the finance function can be divided into three…

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