Artificial Intelligence and Accounting

When Artificial Intelligence and Accounting Collide

Fear is circulating in the accounting industry that humans (or accountants) will soon be replaced by artificial intelligence. But it is becoming increasingly clear that robots won’t cut it alone in the accounting sphere–while helpful, automation is best served with equal parts human intelligence.

With the rise of automation and cloud-based services, many traditional accounting tasks have been automated–this is true. Machines will always be better and faster at crunching numbers, but the benefit to accounting professionals is that this ensures more data accuracy than ever before–and offers time back on the calendars of busy accountants, freeing them up to analyze, strategize, and advise.

According to Pymnts.com, accountants are increasingly expected to serve as strategic advisors to their clients. Small businesses are becoming more and more frustrated, according to a Seed survey last year, that their banks aren’t providing the advisory services they feel they need, and that role is now being placed squarely on the accountant.

Embracing the cloud

While fear circulates about automation as the death of the modern accountant, many accountants are embracing the change and viewing it as a tool for forging deeper connections. While the role of the accountant is rapidly changing, the industry continues to dictate needs that cannot be satisfied by computers alone, thereby elevating the accountant’s role and situating accountants as leaders of strategy and advisory services.

Flexi as an automated partner in business

Flexi solutions will make your organization’s accounting processes run smoother. Among the many perks, Flexi enables your business to close the books faster, automate accounting processes, simplify multi-entity accounting, gain real-time visibility, simplify audit and compliance, and streamline financial reporting.

Accounting is on a fast track toward artificial intelligence. No matter where you are on that timeline, Flexi is a trusted partner dedicated to helping you safely transition into this new era. Flexi’s flexible accounting software is designed to grow with you–however your business needs dictate. Here are some of the highlights of the approaching paradigm:

  • No paper, and no manual errors
  • Real-time financial updates–whenever and wherever needed
  • Continuous control
  • Standardized workflow with built-in approvals
  • Mobile access to financials through any device
  • Visualization tools with real-time visibility of every transaction and complete audit trail

Flexi can enable and empower your accounting team to provide added value to clients with the time they gain back from these tools’ ease of use.

Learn more about Flexi accounting software solutions, or call 800-353-9492 to set up a demo today.