The Rise of Automation in Accounting

Automation is a new age phenomenon that is vastly becoming the norm. Technological developments in artificial intelligence (AI), machine learning (ML), and Big Data provide a host of opportunities to streamline outdated processes and automate labor-intensive tasks.

Automation is often portrayed as a negative force that will displace jobs and threaten the culture of an organisation

One huge benefit of AI that many firms are starting to recognize is that AI has the ability to accelerate mundane tasks as a queue to upskill their people and push employees to take on new challenges. A recent study by ACCA revealed that more than half of C-Suite executives believe automation will play a pivotal role in shaping the future of their accounting operations.

Automation provides a valuable resource to help accountants make better decisions and deliver the best possible services to their clients.

With the integration of AI, any organization must remain vigilant to the risk of online fraud attempts and set up the necessary protocols to safeguard your business against cybercrime.

Weigh the pros and cons for your business..

Will you incorporate Artificial Intelligence (AI)?

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