With bookkeeping software leaders Bill.com and Intuit incorporating artificial intelligence (AI) and machine learning into their products, it is clear that AI is playing a role in the bookkeeping field. How much of a role will AI play, and how will it impact bookkeeping services and businesses?
“Finance leaders will oversee the transition as robots take on more and more back-office functions … freeing people to grapple with high-level analysis and decision making that add value rather than ticking off to-dos.”
Building a Better Toolbox
The terms “artificial intelligence” and “robot” scare some people, perhaps because they bring to mind dystopian science-fiction movies. But in reality, AI and robots are merely extensions of the kinds of tools most of us already use, like Google for online searches. And now the same basic principles are being refined for various specialized uses in the bookkeeping services field.