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Accounting bots help smaller firms save time

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Renald Yeo

Renald Yeo

Published Wed, Oct 4, 2023 · 02:00 PM
    • Skybots has deployed more than 150 individual bots in about 20 accounting firms since February, its founder and managing director Daryl Aw says.
    • Skybots has deployed more than 150 individual bots in about 20 accounting firms since February, its founder and managing director Daryl Aw says. PHOTO: CHERYL ONG, BT

    SOFTWARE scripts – also known as bots – are helping Singapore’s small accountancy firms save time and tackle manpower shortages, by taking care of manual and repetitive tasks such as transferring data between programs or converting files across formats.

    The use of computer scripts to do predefined tasks, known as robotic process automation (RPA), has seen increased adoption by small and medium-sized practices (SMPs).

    The Institute of Singapore Chartered Accountants (Isca) has tripled its RPA-related education – including continuing professional development courses, e-learning and talks – since 2018, when it introduced its first such course.

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