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By the Numbers: The Impact of AI and Automation in Accounting

At Flexi Software, March is more than just Madness, it’s also Metrics Matter Month! What metrics are we focusing on? AI and automation to be specific. To be even more specific, we’re talking about how the two are going to impact the accounting industry. Let’s just get this out of the way. It’s a misconception, but a lot of people have been lead to believe that with more and more accounting operations being automated through AI and what not, companies will no longer need accountants in the future. It’s not true. What is true is that there is a lot of buzz out there that appears to indicate that accounting is getting ready to have a huge resurgence. In other words, right now might be the best time to be an accountant.

In fact, the appearance of AI in accounting shouldn’t be viewed at all like a threat, but rather as an opportunity to achieve better results in a quicker span of time. It’s a tool that will enhance the value of all accountants. Accounting already feels the powerful influence of workflow automation software. Factor artificial intelligence into the accounting mix? That’s the next wave and you’re just in time to catch it!

As you pour over the eye-opening facts and figures packed into this infographic, which you are free to share here, know that it paints a future bright with possibility and upside. Look no further than the data that projects the AI in accounting market to grow into a $4.7 Billion dollar behemoth by 2024.

There is no doubt that rapid change is on the horizon for accounting organizations, due in large part to automation and artificial intelligence (AI). If you would like to learn more about its impact, feel free to read Flexi software’s latest whitepaper on AI in accounting. Download our whitepaper and find out how accountants of the future are adopting this technology right now.

If you would like to learn more on why and how Flexi’s accounting software powers millions of end users around the globe. Look no further than our continually evolving technology, personalized support, and a commitment to meeting our customer’s ever-changing needs, Just like you! Click here to learn more.

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