Automation in Accounting and Finance

About the Course

The objective of this course is to familiarize students with the best practice in financial management, with a focus on automation in accounting and finance. 


The course descriptions:

The rapidly evolving relationship between accounting and information technology (IT) means that finance departments need to understand how IT can be used to improve operational efficiency, support financial reporting and managerial decision making. The accounting and finance sector, given its heavy reliance on mass amounts of numbers and data, is a prime candidate for the automation offered by today’s technology and intelligent learning systems.

The course covers best practices in automation in accounting and finance. Potential for automation in planning, reporting, AP (accounts payable), and billing will be analyzed. Students will be familiar with fast month-end closing, 24/7 monitoring of KPIs (key performance indicators),  EDI (electronic data interchange) and e-invoices. Additionally, an overview of most recent trends in accounting and finance is given, such as the growing need to use cloud technologies, artificial intelligence (AI) and robotic process automation (RPA).


Learning outcome:
Upon successful completion of the course the student will:

be familiar with automation best practices in accounting and finance
be able to evaluate the applicability of best practices in a specific company's context
be able to identify opportunities for automation in accounting and finance processes
be able to capture and communicate technology needs for accounting and finance






Introduction and course overview. Best practices in accounting and finance




Accounts payable (AP) automation: e-invoices, e-workflows, T&E solutions, EDI




Best automation practice presentations by students.




Billing and collections automation.




Budgeting, planning, and reporting best practices



Automation of accounting: Company story




ERP's role in accounting and finance automation: RPA, AI, cloud technology. Visiting Lecturer

The future of accounting: real time economy? / Visiting lecturers



Course project presentations and discussion.

Most important deadlines:

Nov 1: You have chosen the company that the course project will be about

Nov 11: You have chosen the best practice you will be presenting to others

Nov 29: Best practice presentations in class

Dec 19: 17:00 Deadline for a written course project

Dec 19: 23:59 Deadline for course project presentation

Dec 20: 09:00 Course project presentations



Hele Hammer is the CEO of Telema, the largest EDI operator in the Baltics. Previously, she served as the CFO and management board member of Amserv, a group of 14 car dealerships in Estonia and Latvia. 

Hele has been a finance lecturer at the Estonian Business School since 1997. In 2003, Hele got her PhD in Economics from the Tallinn University of Technology. She has also studied at Bentley University and Ohio State University, both in US.

Lately, she has focused on teaching graduate students and executives on the topic of corporate finance, business intelligence and supply chain management. She is the program manager of the EBS Executive Training Centre's CFO development program. 

Price and registration info

Price: 360 € per participant   
To registration please e-mail: 

Prerequisites: Basic understanding of Financial Accounting and Managerial Accounting terms and concepts. 
The course is available for graduate students.


Täiendkoolituse õppekavarühmad:
Rahandus, pangandus ja kindlustus (0412)
Majandusarvestus ja maksundus (0411)