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AcctTwo Blog

A Realistic Look at Future Accounting Technologies Part 2 - AI

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.

Topics: Artificial Intelligence The Future of Finance and Accounting AI

A Realistic Look at Future Technologies and How They Impact Accounting

At AcctTwo, we strive to deliver the future of finance and accounting to our customers, but what is that future?  In this series I’ll share my perspective on some of the rapidly changing technology solutions that marketing departments and the media are hyping as up-and-coming technologies in this space, and how I see them impacting finance and accounting departments.

Topics: The Future of Finance and Accounting

“The Future of Finance & Accounting” means many things.

As a leader or future leader of the accounting and finance team at your organization you must play a prominent role in what is coming next. Your CEO, your Executive Director, your Board will expect more from your team than reporting the results from the previous month faster, projecting your cash position 30 days out based on recorded AR and AP, or meeting your filing deadlines on time. They will want your help to create a better customer experience, predict market changes based on current trends in demand, and recommend investment opportunities.

Topics: The Future of Finance and Accounting