Hello, Please I need a paraphrasing of the following: 2) Automation of Accounting Tasks Artificial...
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Accounting
Hello, Please I need a paraphrasing of the following:
2) Automation of Accounting Tasks
Artificial Intelligence is being used in accounting and finance for developing intelligent self-learning systems. Custom AI software applications allows finance and accounting professionals to automate the redundant and tedious tasks.
For example, critical software vendors like OneUp, Sage, Xero, Intuit will provide automated data entry facilities utilizing ML and AI advances in organization accounting.
3) Blockchain Technology
The third most trends that will impact the future of accounting jobs is Blockchain. As the blockchain technology will enable users to get to the fine records, create smart contracts and record transactions, its expected that the system is getting the notice of accountant professionals.
Some of the famous accounting companies have already implemented the blockchain, namely, Deloitte, KPMG, PricewaterhouseCoopers, and Big Four Ernst & Young. Hence, accountants who wanted to use blockchain should be well acquainted with the significant software programs.
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