{"id":72507,"date":"2017-09-13T02:42:30","date_gmt":"2017-09-13T09:42:30","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2017\/09\/robots-finds-a-welcome-reception-among-chinas-finance-and-tax-services"},"modified":"2017-09-14T17:00:33","modified_gmt":"2017-09-15T00:00:33","slug":"robots-finds-a-welcome-reception-among-chinas-finance-and-tax-services","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2017\/09\/robots-finds-a-welcome-reception-among-chinas-finance-and-tax-services","title":{"rendered":"Robots finds a welcome reception among China\u2019s finance and tax services"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/robots-finds-a-welcome-reception-among-chinas-finance-and-tax-services.jpg\"><\/a><\/p>\n<p>In addition to Deloitte, the other remaining big-four accounting firms \u2013 including EY, KPMG and PwC \u2013 have introduced the technology-driven services in China to businesses ranging from banking, technology, and consumer services.<\/p>\n<hr>\n<p>Mainland based accountants are embracing automation to lower office administration costs and enhance efficiency, moves which are opening the door to a wider embrace of artificial intelligence (AI).<\/p>\n<p>Delixi Electric, a manufacturer of low-voltage electrical products, is banking on robotics to trim time needed for tax invoice issuance by 75 per cent. The Zhejiang province-based company needs to issue more than 5,000 value-added-tax invoices to more than 600 clients nationwide monthly.<\/p>\n<p>A human needs 20 minutes to issue each invoice, which entails information collection, verification and recording. However, the same work can be done in five minutes by a robot, according to Deloitte, the robot supplier.<\/p>\n<p><!-- Link: <a href=\"http:\/\/www.scmp.com\/business\/china-business\/article\/2110897\/robots-finds-welcome-reception-among-chinas-finance-and-tax\">http:\/\/www.scmp.com\/business\/china-business\/article\/2110897\/...ce-and-tax<\/a> --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In addition to Deloitte, the other remaining big-four accounting firms \u2013 including EY, KPMG and PwC \u2013 have introduced the technology-driven services in China to businesses ranging from banking, technology, and consumer services. Mainland based accountants are embracing automation to lower office administration costs and enhance efficiency, moves which are opening the door to a [\u2026]<\/p>\n","protected":false},"author":417,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,45,6],"tags":[],"class_list":["post-72507","post","type-post","status-publish","format-standard","hentry","category-business","category-finance","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/72507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/417"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=72507"}],"version-history":[{"count":1,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/72507\/revisions"}],"predecessor-version":[{"id":72570,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/72507\/revisions\/72570"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=72507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=72507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=72507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}