AI for Accounting and Finance Blog

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

AI for Accounting and the Competitive Landscape

Posted by Kristoffer Roil on May 1, 2019 8:30:00 AM

When thinking about the competitive landscape, what does your accounting firm need to do today to make sure it remains relevant in the future?

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Topics: Accounting, Artificial Intelligence

How AI Changes an Accountant's Service Offerings

Posted by Alexander Hagerup on Apr 24, 2019 8:04:00 AM

Software and technology companies frequently talk about their product roadmap. But this isn’t something we typically hear from accounting firms. However, AI and machine learning impact the types of services an accounting firm can offer.

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Topics: Accounting

How AI Understands Content and Context

Posted by Kristoffer Roil on Apr 17, 2019 8:01:00 AM

 

In addition to addressing your redundant tasks, your customer communications requirements, and future changes in technology, the AI (artificial intelligence) platform that you select needs to be able to process and understand your clients' documents.

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Topics: Accounting, Artificial Intelligence

Outsourced Accounting and the Mix of Clients

Posted by Alexander Hagerup on Apr 10, 2019 8:50:00 AM

A huge part of your success in automating outsourced accounting has to do with the mix of clients. These are the kinds of clients that you work with. Will your accounting practice change the mix of clients it has?

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Topics: Accounting, Artificial Intelligence

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