AI for Accounting and Finance Blog

Polling Results: Automated Accounts Payable and Accounting AI has Room to Grow

Posted by Rachel Schwartz on Apr 29, 2020 7:00:00 AM

 

We recently held the webinar “The Future of Outsourced Accounting and Accounting Technology.” This virtual session helped us understand more about how accounting and bookkeeping firms use practical technologies, like automation, Artificial Intelligence (AI), and Machine Learning (ML), to future-proof their practices.

We were able to survey a wide variety of attendees on automated accounts payable challenges that arise from their firm’s degree of tech-savviness. 

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Topics: Accounting, Artificial Intelligence, State of Client Accounting Services

11 LinkedIn Groups Every Accounting Technologist Should Join

Posted by Rachel Schwartz on Apr 22, 2020 7:30:00 AM

The Best LinkedIn Groups for Digital Transformation Accountants

If you’re responsible for your accounting firm’s digital transformation and innovation, you’re likely an early adopter who’s always looking for new ways to engage with industry experts and share relevant news and personal updates. You may be a social media pro with a ton of connections on LinkedIn, but have you joined the right groups to best connect with like-minded individuals and highlight best practices, job openings, and milestones?

Don’t overlook LinkedIn groups, which can give an extra boost to your network and prove to be an invaluable resource, both socially and professionally. No need to join all of them though - remember, don’t overdo it. If you focus on the groups where you have the potential to add the most value, you’ll make the best connections. 

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Topics: Accounting, Artificial Intelligence

What Does Vic.ai Do?

Posted by Rachel Schwartz on Apr 15, 2020 7:45:00 AM

What is Vic.ai and What Does It Actually Do? 

It might be because we have a buzzword like “AI” in our company name, or because no one knows what “Vic” stands for. But let’s start with the most basic questions we get a lot: what is Vic.ai and what the heck do you guys do?

Great questions. 

Vic.ai is an AI software as a service (SaaS) platform for accounting firms. Today, we automate the time-consuming, tedious process of accounts payable (AP) using artificial intelligence (AI) and machine learning (ML), and reduce the human error factor along the way.

Vic.ai co-founders Alexander Hagerup and Kristoffer Roil at the QuickBooks Connect conference in San Jose, California.

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Topics: Accounting, Artificial Intelligence

The Future of Accounting AI

Posted by Todd Robinson on Apr 8, 2020 8:45:00 AM

 

As an automated accounting advisor and Vic.ai’s Head of Strategic Accounts, I have a bit of a strange job for someone who’s not a technologist: explaining what artificial intelligence (AI) is, how it applies to accounting, and forecasting what the future of accounting AI looks like.

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Topics: Accounting, Artificial Intelligence

Remote Accounting Survey Results

Posted by Rachel Schwartz on Apr 1, 2020 8:45:00 AM

Accountants Can’t Afford to Delay Client Service in the Wake of COVID-19

Last week, we polled the accounting community about the many ways COVID-19 was impacting them. Our research encompassed a wide range of firms, from independent operators and small firms under 50 employees, to companies that span over 10,000 employees.

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Topics: Accounting, COVID-19

Sage Partner Summit 2020: Key Takeaways

Posted by Phil Sweeney on Mar 25, 2020 7:30:00 AM

By Phil Sweeney and Taylor Sarsfield

We recently attended the Sage Partner Summit to learn from Sage experts, soak in peer knowledge, and network with over 1,000 of our CPA colleagues. So what did we learn from one of the biggest accounting partner events? Here are a few key themes and takeaways from our time on-site:

Marc Linden, EVP and General Manager, Medium Segment Native Cloud Solutions, Sage, explains how the company and its partner ecosystem can capitalize on cloud computing, artificial intelligence, and digital transformation. Photo credit: Taylor Sarsfield.

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Topics: Accounting

Work from Home (WFH) Accounting Tools You Need Yesterday

Posted by Rachel Schwartz on Mar 18, 2020 10:15:46 AM

So, your accounting firm has likely closed due to COVID-19 and you’re charged with working remotely or setting up your company's remote office, maybe even for the first time. What now? 

Thankfully, companies have long been using technology platforms and apps to eliminate office headaches, whether planning for more efficient communication, collaboration or processing - and there are more options today than ever before. 

Let’s dive into some technology options for getting started working remotely.

In this post, you’ll learn tips on how to optimize your remote accounting home office, what tools Vic.ai leans on itself, options for cloud accounting, and thoughts on how to protect your data.

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Topics: Accounting, COVID-19

COVID-19 Update for Vic.ai Partners and Clients

Posted by Alexander Hagerup on Mar 15, 2020 3:00:00 PM

In this time of worldwide uncertainty due to COVID-19, the one thing that has remained unchanged is the need to communicate with those around us, including our valued partners, clients, colleagues, and families.

We at Vic.ai are aware that many of you have had to become part of a virtual workforce rather unexpectedly and under inconvenient circumstances.

Schools are closing, conferences and sporting events are being canceled and people’s business and personal lives are being upended - but companies are still expected to maintain the same high standards of business and carry on as usual.

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Topics: COVID-19

How Accounting Firms Document Their Processes

Posted by Joshua Feinberg on Mar 11, 2020 7:45:00 AM

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?

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Topics: Accounting

5 Mistakes Accounting Practices Make with Internal Capabilities

Posted by Joshua Feinberg on Mar 4, 2020 7:45:00 AM

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. 

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Topics: Accounting

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