AI for Accounting and Finance Blog

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

Choosing an AI Platform for Your Accounting Firm

Posted by Alexander Hagerup on Apr 3, 2019 8:45:00 AM

When you're thinking about how to select the right AI platform, you should first clarify why you're investing in AI. For most accounting, CPA, or outsourced bookkeeping firms, the goal is to find an AI-based accounting platform that will genuinely work for you. It should streamline time-consuming, mundane tasks.

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Topics: Accounting, Artificial Intelligence

How AI Impacts Your Accounting Practice’s Team

Posted by Kristoffer Roil on Mar 27, 2019 9:15:00 AM

How do AI and machine learning impact how you build a team that will run your accounting practice?

The battleground has moved, and competitive battles will no longer be fought with the ordinary tools and software that accountants have depended on for decades.

Your firm’s ability to recruit top talent and win the best clients going forward will depend on how well it adapts to AI and machine learning.

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Topics: Accounting, Artificial Intelligence

Will AI for Accountants Bring the Next Era of Success?

Posted by Kristoffer Roil on Mar 20, 2019 8:01:00 AM

We’re entering a new era of accounting driven by artificial intelligence or AI. While the benefits of AI in regards to everyday productivity and efficiency are pretty extreme, the real upside will be with the new era of business success.

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Topics: Accounting, Artificial Intelligence

How AI is Changing What Accountants Do Today

Posted by Alexander Hagerup on Mar 6, 2019 8:34:00 AM

About 80% of us have used systems that are based on artificial intelligence or AI technology. But most of us are not aware of that. 

A huge amount of venture capital is being invested in the development of intelligence systems. And that shift is happening very fast. 

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Topics: Accounting, Artificial Intelligence

How the Right AI Can Transform Your Accounting Business

Posted by Alexander Hagerup on Feb 20, 2019 9:15:00 AM

Accountants know that it’s tough to change software—both the software that they use internally to run their firms and the related software that their clients use to interact with them.

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Topics: Accounting

Surviving and Thriving in an Automated World

Posted by Alexander Hagerup on Feb 13, 2019 8:39:00 AM

With automation available directly to clients via ERP systems, and tech-focused accounting firms pricing traditional accounting firms out of the market, it might seem like the war is over before it has barely begun. Is there even any use for traditional accounting firms anymore?

The answer is a resounding “Yes!”

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Topics: Accounting

How the Right AI Can Make Your Accounting Firm Better

Posted by Alexander Hagerup on Feb 6, 2019 8:50:00 AM

The benefits of AI in aggregate will help to improve your staff, your firm as a whole, and your clients’ businesses.

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Topics: Accounting

Challenges to Continued Success for Accounting Firms

Posted by Alexander Hagerup on Jan 30, 2019 9:52:00 AM

Satisfied employees, happy clients and a broad service offering all help accounting firms find success in a competitive environment. All three of those are increasingly predicated on AI and machine learning.

While it is a boon to those who use it well, that technology also inherently brings with it two new and formidable forms of competition: tech-focused accounting firms that aggressively deploy AI and ERP systems with built-in AI.

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Topics: Accounting

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