5 positive ways artificial intelligence will impact accountants (Sponsored)

May 14, 2019

Ask 100 experts what artificial intelligence is, and you’ll get a variety of answers. One thing is for sure: it is not just a robot standing by the photocopier. We’re not at the point where we have the likes of 2001’s HAL or Forbidden Planet’s Robbie the Robot in our midst.

Today, AI is being used for image recognition, object identification, detection, classification and automated geophysical feature detection. These are underlying tasks that once required the input of a human.

For accountants, AI will soon help you to automate much of the routine and repetitive tasks undertaken on a daily, weekly or annual basis. It will also help you with quick decision-making, create smart insights and examine huge quantities of data with ease.

Five key examples of how AI will help accountancy practices in the future are:

  1. Predictive and forecasting solutions
  2. Smart assistants
  3. Automatic tagging and allocation of transactions
  4. Anomaly detection
  5. OCR solutions

Read the full blog where Sage take a closer look at each of these five key predictions and explains how machine learning will revolutionise the way accountancy firms work. 

Want to learn more about how Sage can help your practice future proof your business processes? Call them on 1890 923 208 or Request A Callback and one of their team will be in touch.

About Sage

At the forefront of technology for accountants and bookkeepers since 1981, Sage is a market leader across the UK and Ireland serving over 800,000 businesses and 20,000 accountants and bookkeepers. Sage have 150 dedicated experts on-hand to help accountants and bookkeepers plan the future growth of their practice to ensure they get the most out of Sage products and upskill their staff and clients. Sage are the only provider who can help you with accounting, payroll, payments, client/practice management and compliance.

(This article is sponsored by Sage.)