The future of accounting is increasingly connected with the advancement of technology, in particular artificial intelligence. With the development of intelligent systems, accounting has benefited from new tools capable of automating and improving accounting routines.
Artificial intelligence has allowed the analysis of large volumes of data faster and more accurately, increasing the efficiency and accuracy of accounting work. Artificial intelligence tools are also capable of detecting patterns and trends that would be difficult or impossible to identify by the human eye, which can lead to valuable insights for companies.
An example of how artificial intelligence is helping accounting is the use of voice recognition software for automatic transcription of reports and documents. These software save time and reduce errors, and facilitate collaboration between accounting team members.
Another example is the use of automatic bank reconciliation software, which saves time and reduces the risk of human errors. Some systems are also capable of automatically identifying suspicious or non-standard transactions, which can help with fraud detection.
A survey conducted by Accenture in 2020 showed that most accounting firms are adopting automation and artificial intelligence technologies in their operations. According to the survey, 72% of accounting firms plan to invest in automation technology in the coming years. Another survey conducted by Sage in 2019 showed that 82% of accounting professionals believe that artificial intelligence and other disruptive technologies will have a major impact on the sector by 2024.
The future of accounting is closely linked to the advancement of technology and artificial intelligence. AI tools are enabling the automation of accounting routines, increasing efficiency, reducing errors and allowing insights valuable for companies. Accounting firms that invest in technology and artificial intelligence are positioning themselves to succeed in the future.
Get in touch with Taticca Allinial Global Brasil, which provides integrated auditing, internal auditing, accounting, taxes, corporate finance, financial advisory, risk advisory, technology, business consulting and training services, for more information, through the website www. taticca.com.br or e-mail taticca@taticca.com.br and learn more.