Artificial Intelligence & Accounting
AI is the professionals for accounting & finance and will attract the next generation of employees and clients. It Saves Time & Money and Provides Insights.
AI can Transform but not replace accountants and according to leading research firm Gartner, AI in the future will create more jobs.
Tasks that can be resolved by implementing AI –
1. Monthly or quarterly close procedure
2. Procurement
3. Accounts payable/receivable
4. Audit
5. Expense management
6. AI Chat Bots
True Benefits to professionals/businesses –
1. More productive and efficient
2. 80-90% time reduction in performing the task
3. Increase quality
4. Real-time status of financial matters
5. Daily reporting is more possible and affordable
6. Prevent potential fraud issues or suspicious activity.