Catching A. I.
Catching A. I.
Not that long ago artificial intelligence (AI), robots and machine learning (ML) were thought to be things only found in science fiction films. Today, this type of technology is taking center stage in workplaces across the globe.
In basic terms, AI technology is intelligent machines that are able to complete repetitive, mundane tasks at a fraction of the time it takes humans and with greater accuracy. AI technology will improve data entry accuracy and provide real-time data and already handle many accounting functions, such as reconciliation, payroll, tax preparation, and audits.
There is no way to escape the use of AI technology because its speed, efficiency and accuracy just cannot be beaten.
The Power of Bots
A bot can be programmed and trained to perform all repetitive accounting activities and ensure their completeness and accuracy nowadays
A bot can be programmed and trained to perform all the payroll and HR functions
A bot can be programmed and trained to perform accounting review and risk assessment
A bot can be programmed and trained to supervise and monitor different critical functions