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AcctTwo Blog

4 Disruptive Trends in Finance and Accounting Automation

Automation has been used in accounting since at least the first adding machine. But now that automation is driven by advanced algorithms and intelligent machine learning, it's impacting accounting more than ever before.

Most offices rely on some form of automation to expedite accounting and ensure accuracy. However, the recent trends in finance and accounting automation suggest it's evolving beyond a tool and into a mission-critical asset. The capabilities currently coming online promise to have a positive impact on accounting for a long time to come:

Topics: Finance Automation Accounting Machine Learning

Machine Learning – Unlocking the Full Potential of Accounting

Despite all the technological progress that has been made over the last 150 years, accounting has changed very little. The daily work of most accountants involved massive amounts of data entry, clerical work, and administrative routines. Spreadsheets may have replaced ledgers, but the role of the accountant never really evolved.

That is quickly changing with the advent of machine learning. This 21st century technology is still in its infancy, but already it’s having an impact on the accounting profession that is broad and deep. As the potential of machine learning continues to advance, look for the expectations of accountants to change radically.

Topics: Machine Learning Finance Automation Automation and Workflow process automation