Automation

Accountants are at a unique juncture where the convergence of a massive redistribution of wealth and rapid technological advancements can redefine their roles and impact.

A set of polls has found that leaders expect that generative AI will lead organizations to actually increase their headcounts, at least in the short term.

After the recent transformative changes in artificial intelligence, tax and accounting has been frequently cited as one of the most immediate areas for disruption.

The AI-driven analytics solution is specifically for accounting firms.

Plus, Earmark launches a web app; and other accounting technology news.

An experiment tested different generative AI models against each other on multiple choice questions from CPA Exam test prep material, and found they have their own strengths and weaknesses.

Plus, LeaseCrunch announces webinar on lease changes and remeasurements; and other accounting technology updates.

The impact of providing accounts receivable staff with automated AR processes goes far beyond the finance function.

Plus, DataSnipper releases new suites for cloud collaboration, data extraction; and other accounting tech updates.

A recent poll of U.S. and U.K. accountants has found that 59% say they use AI at work, and through AI have saved about 30 hours a week.

Plus, Nominal launches generative AI ERP, and other accounting technology news and updates.

Botkeeper announced the release of Botkeeper Infinite, a tech-only solution that leverages AI to help firms automate routine tasks.

Plus, Settle offers three-way matching for purchase orders; Modern Treasury introduces Professional Services offering; and other accounting tech news.

Does your job primarily involve data entry and routine processes? If so, it may be time for a pivot.

Is the age of the bookkeeper coming to an end? Is the payroll specialist an endangered species? Are the days of the tax preparer who focuses on basic 1040s numbered?

The jobs that will become a lot less common in accounting in the future are those that involve the inputting and manipulation of data for routine and repeatable tasks.

Three-year-old startup Fieldguide raised $30 million in funding to further its goal of using AI to alleviate an acute shortage of accountants worldwide.

Plus, Chime now offers in-app tax filing; Financial Cents' new ReCats tackles uncategorized client transactions; and other accounting tech news.

As accounting leaders use technology to increase efficiency and reduce workloads, they're finding further benefits in the form of improved accuracy and quality.