Our Future of Finance and Accounting blog series is designed to prepare finance teams at midsize companies and nonprofit organizations for changes in regulations, best practices, and technologies that will impact finance and accounting departments.
Brett Michalson, on Feb 23, 2020
Our Future of Finance and Accounting blog series is designed to prepare finance teams at midsize companies and nonprofit organizations for changes in regulations, best practices, and technologies that will impact finance and accounting departments.
Last month I wrote about Robotic Process Automation, its impact on finance and accounting technology, and how I see RPA as an impactful stop-gap measure for organizations unable to take advantage of fully automated API integrations, either because of cost or legacy technology limitations. However, as the future becomes more connected, web integrations can extract, transform, and transfer data more efficiently. Regardless of how the data is managed, whether through RPA or a direct integration, there is another technology that, when added to the mix, becomes the key value driver – and that is Artificial Intelligence (AI). Combined with AI, RPA becomes less of a mimic and more of a virtual assistant.
So that brings us to Artificial Intelligence and how it appears to be one of the key technologies that will indeed unlock the future of finance and accounting.
