The stacks of paper on the desks in financial departments and tax consultancy firms are becoming increasingly smaller – the reason for this is the ongoing digital change, which is also revolutionizing classic accounting more and more. But how far has artificial intelligence found its way into accounting?
Artificial intelligence is no longer just a vision of the future and is also creating a new world of accounting. The financial departments of companies and tax consultancy firms are catching up rapidly in the area of digital transformation. Above all, the demand for intelligent accounting software is increasing. These intelligent software solutions can be implemented quickly and powerful financial platforms are already enriched by artificial intelligence in many companies. This enables automatic recognition and classification of invoice documents, reliable quality control and error messages in real time. This also has an impact on the activities of employees who are not wrongly worried about their usual jobs. Managing directors should therefore rely on the further training of their employees in the course of the digital transformation – simply because the new technologies require appropriate know-how.
New accounting means new jobs
The use of artificial intelligence in accounting leads to time and cost savings. But how redundant are manual tasks? The development already shows that purely administrative work is increasingly being taken over by software programs. For this purpose, jobs are created where it is important to gain extensive know-how at the interface between taxes and IT. Customers are also getting more and more used to digital processing. Electronic invoices, advice and service replace postal correspondence and personal appointments. This saves time and money on both sides. Managing directors and employees should therefore carefully examine the matter of digital accounting in order to remain competitive.
Use loud solutions instead of your own IT
The negative veil that clouds were initially afflicted with is dissolving with digital change. Three quarters of German companies already work with cloud solutions. The reason for this is simple: hardly any company can achieve the same level of security that cloud providers can guarantee. Above all, high-quality cloud solutions are certified and comply with data protection guidelines. But which cloud really does what it promises? Infor OS is your cloud platform for the digital future. This cloud brings together productivity, business processes and artificial intelligence. In addition, Infor OS ensures a networked, intelligent network that automates, anticipates, predicts and informs your stakeholders, thus uniting your company. Above all, a cloud platform like Infor OS offers access to your financial data with mobile devices, no matter when and where you or your employees access it. This enables flexible and fast working and above all safe handling with data.
The digital transformation requires adaptation
Even though clouds and intelligent software programs are already established on the market, there are still managing directors who think they can avoid digitalization. Don’t listen to them, because digitization changes the business world and the question is no longer whether it is good or bad. It’s whether you take the opportunity and adjust your company and employees to these technologies and changes.
Would you like to revolutionize your accounting? Contact us, we will be happy to help!
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