2023-07-12 23:30:07
Artificial intelligence (AI) has been transforming several sectors of the market, including the processes that make up the Business Process Outsourcing (BPO) area. In accounting, specifically, technology proves to be an important differential and capable of considerably speeding up the growth of companies.
Eduardo Luque, vice-president of the Brazilian Association of Administrative Support Service Providers (Abrapsa), states that we are going through a revolution and no sector can be left behind, much less one that involves as many variables as accounting. “A lot of conversations about artificial intelligence are happening around the world, mainly about generative AI of texts and images. But this is a technology that can impact countless business processes, help in the daily lives of many professionals and optimize various management activities, including financial management”.
The expert points out that one of the main advantages of this transformation is the ability of AI to automate routine and data-intensive tasks. For example, sorting and posting transactions, reconciling accounts and preparing financial reports can be performed quickly and accurately, allowing accountants to focus on higher value-added activities such as data analysis and strategic decision making.
“This is an evolution that places these professionals at a high level within the corporate strategy”, says Luque. “And BPO accounting is leading the way in this regard, since BPO accounting offices are focused on improving their processes and updating whenever possible”.
Two other factors are also making AI a revolution for the accounting industry: fraud detection and predictive analytics.
“Using advanced algorithms and machine learning, AI systems can analyze large volumes of financial data, identify suspicious patterns and alert on fraudulent activity in real time. This proactive detection capability helps companies to avoid losses and protect their reputation in the market”, clarifies Luque.
Predictive analysis is based on historical data and advanced statistical models. Artificial intelligence can, with this information, provide valuable insights into future trends, potential risks and opportunities for growth.
“We are living in an era where it becomes much easier to make informed decisions, anticipate problems and optimize financial strategy. There is no reason to run away from artificial intelligence, and the firms that have realized this will most likely come out ahead in the accounting BPO market, with countless companies seeking this type of agile and modernized solution”, concludes the specialist.
Source: EDB Communication
#artificial #intelligence #revolutionizing #accounting