As part of its efforts to democratise technology adoption and be more inclusive of members and accountants across all its regions, MIA is organising the MIA AccTech CONFERENCE PENANG 2020, with the theme of ‘MOBILISING ACCOUNTANTS TOWARDS IR4.0’.

AccTech Penang will expose accountants and finance professionals in Penang to new technologies that are blasting repetition, optimising productivity and rapidly transforming the accountancy profession.

The technologies that are especially relevant for accountants are automation through robotic process automation, artificial intelligence (AI) and machine learning to facilitate work, and big data analytics to enable deeper insights and analysis and take accountants to the next level.

Specially designed for accountants operating within Penang’s industry and manufacturing-driven environment, MIA AccTech Conference Penang 2020 seeks to position accountants as effective business advisors in the era of IR4.0 (Industrial Revolution 4.0) through rightskilling and upskilling on the latest developments in technology that are propelling the way forward.

Delegates can expect the following highlights:

NITRO BOOST: Powering Accounting and Finance with Artificial Intelligence
By supplanting mundane and routine tasks, AI is rewriting accountants’ roles, improving systems and processes and freeing up humans for higher order tasks and value creation. Find out how AI will impact your work and life and how you can respond to ensure your continuing relevance and resilience.

BIG DATA ANALYTICS – Optimise Bottom lines with Predictive Manufacturing Intelligence
Predictive manufacturing intelligence tools can help manufacturers gain actionable insights into line and product team flexibility, determine predictive maintenance and optimise production schedules. Accountants, especially management accountants tasked with improving business strategy and results, will gain useful practical knowledge on the latest big data analytics tools and techniques available to reduce cost, reduce time and maximise profit in IR4.0.

INNOVATE – FACILITATE – ACCELERATE: Automating SMEs for Financial Excellence
As the digital economy gains momentum, SMEs too must accelerate their digital transformation to lead and not lag. This session walks SMEs through best practices and frameworks for automation and technology that can give their business a digital boost.

BLOCKCHAIN IN LOGISTICS: Improving Transparency and Traceability
Today’s incredibly complex global supply chains are rife with risks. Lack of sufficient transparency and accountability constitute risks that obfuscate the accurate valuation of goods and services and hamper efforts to investigate suspected illegal or unethical practices, such as bribery and corruption and violation of environmental and labour rights. Providing immutability, transparency and consensus, the distributed digital ledger technology of blockchain could be the solution to transforming supply chains and positively impacting everything from warehousing to delivery to payment, for better business governance.

ROBOTIC PROCESS AUTOMATION (RPA) – Improve productivity by migrating to Next-Gen Accounting
Optimise cash conversion, prevent delays in accounts payable and accounts receivable, and reduce inventory turnover. Robotics Process Automation (RPA) can help you do all these and more by targeting and resolving gaps and weaknesses in your current financial and accounting systems. Scan the potential intelligent automation tools available to enable a quicker, more accurate and cost-efficient finance function and that presents a scalable opportunity for business automation in the near future.

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