Digital Financial Reporting

Brad Smith, CEO Intuit, is warning accountants that they must embrace artificial intelligence (AI) in their professions or risk falling behind.

Blackline refers to itself as a finance controls and automation platform and provides accounting process automation says that accountants should gear up for AI disruption. Blackline says that artificial intelligence is set ot revolutionize accounting and change the role of accountants.

Xero sponsored a survey which says that 80% of accountants understand that they’ll need to undertake training in the next five years to adapt to technology and that AI is the new frontier for accounting technology.

The Journal of Accountancy is talking about rethinking the audit and the new type of auditor.

Steve Guggenheimer's Blog post, Introducing Dynamics 365 AI Solutions, explains how Microsoft is "helping developers build services that amplify human ingenuity."

SAP is employing artificial intelligence, as is ORACLE; basically I could go on and on.

The risk of not getting on board with the changes artificial intelligence and other technologies are enabling is increasing.  Might be ready to get ready for the digital age of accounting, reporting, and auditing.

Here are some other articles:

• Forbes: Robotics: The Next Frontier For Automation In Finance And Risk Management
• Deloitte: Its Digital Crunch Time for Finance
• PWC: Hi, Robot
• The Economist: Why the future of finance is (still) automation
• Kofax Advisor: Is the Modern CFO Headed for Extension?
• Ventana Research: Welcome to the Age of Robotic Finance