AI for Accounting and Finance Blog

You've heard it before. Process documentation is key to an efficient business. But why do some accounting firms document their processes and others don't?

If you're running your own accounting practice, you probably think you have to do everything. If you have a larger practice, you'll make that same mistake, thinking you must do everything yourself. 

No matter how long you've been a CPA, you've probably witnessed significant changes in a short time. 

Does today's outsourced CPA firm need a crystal ball to help their clients proactively? And does the choice of accounting systems affect the firm’s ability to forecast trends and identify opportunities?

Time is your most precious asset, but do you know how to leverage it to work smarter? As a business owner, you have dozens of decisions to make every day that can waste your time - or maximize it.

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants if they currently use any kind of rules-based automation (Robotic Process Automation) or if they use any kind of AI-based automation (Artificial Intelligence).

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we looked at the overall findings from the participant’s responses.

In this article, you’ll learn about crucial qualitative findings uncovered during the survey’s question about what participants find most challenging.

Robinson to help accounting firms better leverage artificial intelligence and machine learning technology to improve client services and profitability

For Immediate Release

New York – November 6, 2019 -- It’s an exciting time to be part of the accounting industry. Most firms recognize that accounting has become much more driven by technology. Yet these same principals of accounting firms need to figure out how to leverage technology more effectively and efficiently as tools and platforms evolve. To help traditional CPA firms and outsourced accounting firms navigate these challenges, accounting software industry veteran Todd Robinson has joined Vic.ai -- the AI platform for accounting firms.

The artificial intelligence (AI) platform for accounting firms will help conference attendees future-proof their practices

For Immediate Release

San Jose, California – November 6, 2019 -- Technology is completely changing and disrupting how accounting firms market and deliver their services. At QuickBooks Connect San Jose 2019, accounting professionals from all over the United States join small business owners from California and the greater West Coast to grow and learn. To help accounting and bookkeeping firms future-proof their practices and defend their core business model against highly-disruptive competitors, Vic.ai is a Gold sponsor of QuickBooks Connect San Jose 2019 at the San Jose Convention Center from Wednesday, November 6th (Accountant Day) through Friday, November 8th (booth B15 @ Innovation Hall).

In Vic .ai’s recent survey of Client Accounting Services and Outsourced Accounting firms, we asked participants about their technology stack.

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.