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The world is talking about AI and its impact across sectors, industries and geographies. As a business owner or manager, you know that accounting is important for a company’s financial health. But let’s be honest—accounting tasks can quickly seem too much to handle....
Think of a world where Chartered accountants and business decision-makers don’t just look back at what happened but can anticipate what’s coming ahead—shifting from data entry to strategy, from hindsight to foresight. This is the promise of AI accounting software and...
Small and medium businesses (SMEs) are the true backbone of our economy—fueling innovation, creating jobs, and driving growth. But as they expand, many SMEs hit roadblocks when it comes to managing their finances. Traditional accounting methods that involve too many...
Data suggest that about 72% of businesses surveyed already used or planned to use Artificial Intelligence in their financial reporting. 99% of companies are expected to adapt AI in reporting operations in the next three years. You might be surprised to know that 100%...
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Introduction In the business world, understanding the intricacies of financial statements has never been more critical. Financial statements provide a snapshot of a company's financial health, guiding decisions for stakeholders from investors to managers. But as these...
In today’s world, data is the new goldmine. Not only does it keep all operations flowing seamlessly it also acts as the cornerstone for smart decision-making and optimising ROI to its best potential. Yet, the conventional methods of manual data entry are increasingly...
The International Data Corporation’s report highlights a profound shift in global business dynamics. The global spends on AI soared to an unprecedented $154 bn in 2023. Projections indicate a robust CAGR of 26.9%, poised to reach $300 billion by 2026. This surge in...
The alliance between artificial intelligence (AI) and the financial world paints a vivid picture of the evolving business landscape. Predictions suggest that AI in the Accounting industry will grow 30% year on year from 2023 to 2027. If we focus on the current year,...