Insights on #accounting and #tech
See below for articles that Ellen has published in the media on accounting.
Accounting Today
In a previous article, I discussed ways that accounting firms can learn from the technology vendors that serve them. Here, we continue exploring lessons that accountants can learn from vendors, with a focus on one of the most pressing challenges in our profession: talent management.
As AI automates routine tasks, accountants face new challenges. Professionals explore emerging areas requiring attention.
Last week, AICPA brought together leading accounting technology vendors in their annual AICPA Executive Roundtable for these innovators to share best practices and collaborate on joint opportunities. Listening to these tech vendors, it became apparent that accounting firms could greatly benefit from adopting some of the strategies and mindsets these technology companies are using to thrive.
The accounting profession has made an incredible journey, evolving from humble "bean counters" into sophisticated, trusted advisors. We now conduct intricate analyses and provide invaluable counsel, guiding clients through their most complex decisions. Yet, our metamorphosis continues as the tides of technology and the advent of generative AI reshape the very core of how we operate.
Tracking business revenue might seem simple at first, but those who actually sit down to do it on a regular basis find that this can actually be a complex multistep process with many moving parts — and consequently many possible points of failure. Many software developers aim to manage this part or that part of the process to ease some of the pain. Aiwyn, based in North Carolina, leverages artificial intelligence technology to manage the entire revenue cycle process from start to finish.
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