Artificial Intelligence (AI) on Management of Finance and Accounts

Preview this chapter:

Artificial Intelligence (AI) on Management of Finance and Accounts, Page 1 of 1

< Previous page | Next page > /docserver/preview/fulltext/9789815238211/chapter-4-1.gif

The goal of this chapter is to shed light on how AI is being used in financial and accounting contexts. The rise of AI is having a profound effect on the accounting and financial industries, just as it has on every other sector of the economy. The best approach for financial experts and their businesses to remain successful and engage the coming generations of workers and consumers is to use AI-enabled tools for accounting and finance. The era of AI and robotics is just beginning. However, technological advancements mean that more and more accounting aids are becoming accessible. Saving money, getting more done, and having more reliable data are all possible thanks to AI. In addition, it provides accuracy to businesses during the employment process. Laborious and mundane accounting tasks may be eliminated. In conclusion, AI has had a spectacular effect on the bookkeeping and finance business, shifting attention away from mundane tasks like payroll and toward more cutting-edge methods.