Implementing the Robotic Process Automation Framework in Financial Accounting

Abstract

Purpose: The primary aim of this research is to examine the factors influencing the adoption of Robotic Process Automation (RPA) in Financial Accounting using the theoretical lens of Technological-Organization-Environmental Theory (TOE), Diffusion of Innovation (DOI) and Eight Lean Waste Management Theory (ELW) and provide a up-to date analysis and current framework.

Design/Methodology/Approach:The research followed the DesignScience Research Method (DSRM) to gather a literature review of 400 articles including search engines such as Science Direct, EBSCO, PROQUEST and Google scholar. The framework has been designed based on future research gaps.

Findings:The results propose the Integration of RPA and Artificial Intelligence (AI) for successful application of RPA in Accounting with scalability for Generative Artificial Intelligence (GAI) enabled RPA.

Originality/ Value:The research findings add originality to the body of Literature with valid framework for Application in Financial Accounting.The framework encompasses all parameters for human talent which provides technical insight to the current and future accountants to a great extent.