In the world’s current trend, artificial intelligence (AI) is blooming. More and more manufacturers are using AI in their production and operation processes.
Many may be thinking, will human accountants be replaced by AI technologies?
The simple and direct answer is NO. The development of technologies may be transforming the industry, but it will no way make human a redundant factor. We will discuss further on why the answer is no.
AI empowers accountants, not replace
Instead of replacing human accountants, AI serves to empower accounting services. In fact, AI serves to empower the entire service industry by greatly reduce manual work and improve accuracy of data entry at a faster speed as compared to manual entries.
Accountants who use AI will be ahead in the technology era and will have high capacity to advance their services by providing high accuracy and value added advisory and analysis services. Rather than needing to put in lots of effort in manual data entries which is very much prone to human error, accountants that uses AI to their benefits will be able to safe lots of time to ensure data accuracy and spend more time giving high value advises and important financial information to companies.
Embracing cloud technologies
One of the moves to embrace AI is the use of cloud accounting. Cloud accounting software like TreezSoft uses automation and integration processes to ensure smooth accounting experience for all users. Such processes will also ensure instant data update across all your accounts. Users will be able to easily generate financial reports wherever and whenever they want.
Besides, cloud accounting will bring company’s bookkeeping processes to another level. All related parties will be able to easily access and record data anytime, anywhere. This will greatly enhance team collaboration, business operation efficiency and process flow. All parties will be able to access all information almost at real time.
Be innovative to survive
Artificial Intelligence (AI) won’t exclude human intelligence, but rather, they help us human to be able to fully utilize our intelligence to another level, by increasing accuracy and efficiency. AI allows users to access data more readily and easily. It is also able to compile large quantity of data effortlessly. As powerful as AI algorithms can go, it can’t replace the interpretive power of human mind. It is pretty impossible for a machine to learn common sense.
By embracing the power of AI, accountants will be able to future-proof their careers. They can build up reputation on efficiency, valued and trusted financial advisors. Things are always changing; you will need to be brave to take on the new things to move forward to the future.
You can also visit the links below to read more on related topics in TreezSoft:
TreezSoft is a cloud accounting software for Small and Medium-sized Enterprises (SMEs). It allows you to access your financial information anytime, anywhere. It also allows you to have unlimited users for FREE for your account in TreezSoft. Our aim is to help reduce our clients' time spent on accounting mainly by using our automated processes and integration to help increase their company effeciency at a minimum costs. SMEs can use TreezSoft to keep track their expenses, accounts, daily operation e.g. Point of Sales (namely QPOS) system and etc.
Visit TreezSoft at http://www.treezsoft.com/ to sign up for a 30 days trial account with us!
You can also email us at [email protected] for more enquiries.