Intelligent automation is changing the role of the finance professional for the better
From automated bookkeeping to predictive analytics, technology is reshaping finance functions at an unprecedented pace, boosting accuracy, efficiency and management’s expectations alike. Yet the real issue is not whether artificial intelligence will replace the role of accountants but whether accountants are prepared to evolve alongside AI.
The finance profession is defined by precision, compliance and the implementation of proper control procedures. Tasks such as transaction processing (procure to pay, order to cash, record to report), reconciliations and even elements of audit all require the intensive application of principle- or rule-based treatments. These are precisely the areas in which AI excels.
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