What is automation In finance.

 

Are you an accountant,b.com,m.com Or recently qualified CA, CMA,CS?

 And now thinking for start your career with a boost. But is it so easy right now to get a lucrative salary job during this pandemic situation or may be in future.

Now many of you are thinking what the hell I am talking about how dare I raise question on such big or hard course.

Hay I am also a CMA, and after watching the move of the industry I am really scared.

 

After attending many webinar ,after interacting with big companies CFO such as ITC,Tata motor, Reliance jio it is confirmed that data entry jobs are going to abolish in near future, AI will take the job. It is Bit more dangerous for B.com graduate cause those works are actually & mostly done by commerce graduate,

And even for Accounts finalization companies are putting money in automation rather than professional.

 

As per the latest data, 60% of commerce job will not be there in 2030.

 

YES. That's 100% true, Accountant are in danger. You have to scare off.

 

Now before going to the solution, yes every problem has a solution, but before that, I want to tell those readers who are still thinking I am talking rubbish, let me give you an example,

 

When the computer came many conservative people said “no our job will be intact we will lose no jobs and we don’t want to learn those foreign devices”. And we all know saw what happened.

So yes the same situation is here again.

 

Ok. Now, where is the solution? and what is it?

 

Very Easy, as the like computer you have to learn those technical thing,

 

Ok how we will start or from where, with the easy process?

You need to be pro on Microsoft excel office especially in excel, go for pivot table, macro, VBA, and Data tab.

Try to be pro tallyerp9 or any other erp software if it is possible to do SAP it is the best in the world right now.

 Smart device for smart accountant

Besides, that try to learn python (in the future you will understand)

For data, visualization go for Microsoft power bi. (no coding needed)

And if you want to learn Machine learning or AI without doing coding so go for UI path. It is the best available option in the market.

click here to see tata motor visualization by fully automation

 

in excel everyone should learn power query. Add-ins like solver tool. Macro, VBA,

Besides that power bi is a great tool to data visualizations , As a CMA my recent tool is ui path automation where I program it like that it goes to the company's mailbox, identity the invoices and download, after that all the data are automatically extracted into excel. thereafter those data are imported into tally,sap fico ,ERP software .

watch how I made this model

These are all done by machine learning and AI.

Believe me for the day-to-day journal I spend no time.

For the financial model and mis report I link the data with our erp system which updates in every 5 seconds. Customize the link with power bi and publish in a pvt domain in HTML which can be shareable with certain people. Even for this I created a bot that automatically share this to the relevant person with a given frequency.

 

So don’t wait all the things are available in Google and youtube. Utilize the internet

About Commerce Now

Hi, Myself CMA Mousam Roy having more than 5 years experience in commerce field,teaching field as well as professional field with working with PSU and big Firm.