Whitepaper
Is Accounting Ready for Artificial Intelligence (AI)?
summary
AI is the most important general-purpose technology of our era, particularly machine learning (ML), which is a machine's ability to keep improving its performance without humans having to explain exactly how to accomplish all the tasks it's given.
The Market Need
AI technologies are expected to create a $1.2 trillion market by 2020. While some CFOs remain skeptical that AI has a role in accounting, others fear its arrival. This paper addresses common concerns and misconceptions, and provides a realistic view of the role AI will play in accounting.
With a better understanding of AI and its implications, CFOs will be better prepared to embrace the changes ahead, knowing that their jobs and career opportunities will be all the better for it. Key takeaways from this whitepaper include:
- Understand what AI in accounting means, and when it will go mainstream.
- Learn from use cases and how AI is enabling accountants to be more confident in the accuracy of their close.
- Discover how AI will impact accounting careers, and which jobs will be in high demand.
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Enterprise-Strength Accounting Software
For three decades, Flexi’s accounting software has been put to the test in the most challenging environments where performance, security and speed are paramount. We bring a unique combination of a true enterprise solution with the built-in flexibility to adapt to any accounting environment.
Superior Speed and Security
Billions of global transactions are processed quickly, books are closed every morning and multi-currencies converted to 36 decimals.
Daily Close and Cost Reductions
Multi-entity with 8,000 units gains daily close capabilities, can close books 70% faster than industry average, and reduces costs 30%.
Reliability and Precision
Hundreds of insurers and thousands of agents and brokers rely on Flexi to process claims quickly, with precision.