AI tools streamlining accounting workflows and opening capacity for innovation, expert says

The emergence of artificial intelligence (AI) technologies is changing workflows for accounting teams by helping them automate otherwise tedious and time-consuming tasks. Now, our software enables accountants, in-house teams to put themselves in a reviewer capacity moreso than a preparer capacity." AI TO TRANSFORM BUSINESS WORKFLOWS AND PRODUCTIVITY, GOLDMAN SACHS CIO SAYSIn terms of its accounting solutions , TaxBit has primarily focused its incorporation of AI into creating rules-based categorization processes utilizing pattern recognition for transactions. "When it comes to AI, we have started using the technology to support streamlining of operations specifically embedded into our accounting products," Jacob said. So you can see how pattern recognition, how AI capabilities allow you to do that really well."