AI for Accounting and Finance Blog

Why Accountants Invest in AI

Posted by Alexander Hagerup on Jul 3, 2019 9:10:00 AM

Accountants know that it’s tough to change software. This includes the software that they use internally to run their own firms and the software that their clients use.

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Topics: Accounting, Artificial Intelligence

AI Makes Your Accounting Firm Better

Posted by Kristoffer Roil on Jun 26, 2019 8:10:00 AM

If you think about the benefits of AI in aggregate, that will help improve your staff, your firm as a whole, and your client's business. This is essentially how AI makes your accounting firm better.

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Topics: Accounting, Artificial Intelligence

How Accounting Firms Acquire AI Superpowers

Posted by Alexander Hagerup on Jun 19, 2019 8:25:00 AM

When accounting firms are looking for the right AI or artificial intelligence platform, it can be challenging to assess the AI technology that powers the platform. So how does AI incorporate human feedback and learn from you?

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Topics: Accounting, Artificial Intelligence

Vic.ai Helps Accounting Firms Prepare for the Future with Artificial Intelligence (AI)

Posted by Alexander Hagerup on Jun 17, 2019 2:00:00 PM

88% Feel Pressure to Automate and Protect Themselves from Disruptive Changes

For Immediate Release

New York City: Artificial intelligence (AI)-driven automation will completely change and disrupt how accounting firms market and deliver their services. At a recent Vic.ai webinar on automating accounts payable, 88% of attendees polled felt that automation would play a “hugely important role” in their firm's future.

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Topics: Company News

How an Outsourced Accounting Firm Plans to Triple Its Business

Posted by Alexander Hagerup on Jun 12, 2019 8:10:00 AM

When staying local, businesses can find it challenging to recruit talent that’s needed to grow. This is a huge issue many firms face. Some firms have started moving to a virtual model, looking outside their local area, to recruit the right person for the job no matter where they are located. 

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Topics: Accounting

Automating the Approval Process with AI

Posted by Kristoffer Roil on Jun 5, 2019 9:02:00 AM

Automating approvals can be very difficult for small- and medium-sized businesses since there are usually no efficient systems in place for handling approvals. When designing and implementing your AI platform, this has to be taken into account.

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Topics: Accounting, Artificial Intelligence

How Accounting Firms Add Value for Clients

Posted by Alexander Hagerup on May 30, 2019 1:17:08 PM

What does it mean for accounting firms to add value for their clients? And how does your accounting firm find the right people to support your company's mission?

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Topics: Accounting

How AI Learns Your General Ledger Accounts

Posted by Alexander Hagerup on May 22, 2019 8:03:00 AM

Companies are all different. Even if your firm specializes in a particular vertical market, it can still take a considerable amount of time for one of your accountants or bookkeepers to learn the general ledger and the cost classifications for dozens of different clients.

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Topics: Accounting

Your Accounting Firm's Future with AI

Posted by Kristoffer Roil on May 15, 2019 8:00:00 AM

What does the future look like for CPA firms and bookkeeping firms that provide outsourced accounting services?

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Topics: Accounting, Artificial Intelligence

The Impact of AI on Accounting and Bookkeeping Processes

Posted by Kristoffer Roil on May 8, 2019 8:16:00 AM

Smaller accounting firms tend to be more forward-leaning than larger accounting firms. Smaller, more nimble accounting firms are adding AI to their businesses now -- which means they can easily outsmart the larger accounting firms if they’re going to be slow at adopting AI into their accounting services.

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Topics: Accounting, Artificial Intelligence

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