Accounting can be Automated
Automation in accounting is taking over more and more complex tasks.
A recent report from University of Oxford concluded that there is a 99% chance that tax preparers, bookkeepers and accountants work could be automated.
Benefits of Accounting Automation
- Time savings
- Improved margins
- Improved customer experience
- Faster turnaround time
- Improved accuracy
We are here to Save Money and Improve Business
We Provide the following Cutting Edge Services
- Automate Expense Processing
- Payroll Automation
- Automated Accounts Receivable Services
- Banking Automation with Accounting - Set Up Direct Bank Feeds - Credit Card Statements
- Bank reconciliations
- Automate File Reviews
Artificial Intelligence Takes on Larger Role
The hype about Artificial intelligence in accounting is true. AI has been developed for certain functions in accounting to enhance businesses.
One such feature which we are specialised in, is:
- Use of AI to Scan the Ledger for Risks
The great thing about AI and machine learning is that it can process and “understand” large amounts of data. This is especially important in areas such as audit where auditors have had to sample data instead of scanning the entire ledger.
But now with technology, you can let AI scan through the ledger and identify issues itself.
As you can see that the AI platform has identified a number of risks in a way that would not be possible without spending a ton of time manually.