AI for Accounting and Finance Blog

Why Accountants Invest in AI

Posted by Alexander Hagerup on Jul 3, 2019 9:10:00 AM
Alexander Hagerup
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Why Accountants Invest in AI

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.

How does AI make this easier for both the firm and the clients? What's the impact on how AI transforms the business relative to other IT changes.

When evaluating different AI platforms on the market in the accounting industry, look for the kind of technology that can be introduced within the course of a day. The platform you’re implementing shouldn't require you to switch out any of your current systems at all.

Finding the Right AI Platform

The right AI platform should be viewed as an investment. It should allow for an easier introduction to the accounting firm’s current workflow process.

The right AI platform should introduce an AI system that you put in front of your existing systems or connect to your existing systems. It should improve how the accountants work from the very first day.

The key thing about adopting AI is choosing an AI platform that is non-intrusive for both your business and your clients. It should simply work as adding an intelligent layer in front of your existing accounting system that everyone internally is using. This makes for a simpler implementation.

Keep this in mind when you are thinking about the transition and what the implementation curve looks like. Most people are quite pleasantly surprised to see that it is really quite simple. It layers in front of the existing systems.

When are you planning to implement AI? Is this something you’re actively working on? Is it something that you plan to implement in the next quarter or next year? Or is it just not urgent at all right now? Let us know your plans in the section for comments below.

To learn how CPAs and bookkeeping firms are transforming, watch the webinar recording on “AI Best Practices for CPAs and Bookkeepers (How Accounting and Bookkeeping Firms Can Grow with Artificial Intelligence and Machine Learning).”

 

Artificial Intelligence (AI) Best Practices for CPAs and Bookkeepers || How Accounting and Bookkeeping Firms Can Grow with Artificial Intelligence and Machine Learning [Watch the Recording]

 

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Topics: Accounting, Artificial Intelligence

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