Accelalpha’s Post

Automation in Accounting: Dive into the future of government contract accounting with AI and automation. Discover how cutting-edge technology can streamline your processes, enhance accuracy, and ensure compliance. Stay ahead of the curve and elevate your accounting game! #AutomationInAccounting #AIInGovernmentContracts #EfficiencyBoost #InnovationInFinance

𝐀𝐫𝐞 𝐲𝐨𝐮 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐝𝐢𝐭𝐜𝐡 𝐭𝐡𝐞 𝐝𝐚𝐭𝐚 𝐠𝐫𝐢𝐧𝐝 𝐚𝐧𝐝 𝐭𝐚𝐤𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠? AI is shaking things up in accounting outsourcing. Low-level tasks? Automated. Time for a serious upgrade! Think outsourcing is dead? Think again. AI is your ticket to: ·  High-value consulting: Focus on strategy, not spreadsheets. ·  Data superpowers: Uncover insights clients crave. ·  Global reach: Work with anyone, anywhere, in real-time. ·  Smarter cost savings: Affordable expertise is the new game. 𝐀𝐝𝐚𝐩𝐭 𝐨𝐫 𝐝𝐢𝐞? 𝐍𝐚𝐡. 𝐀𝐝𝐚𝐩𝐭 𝐚𝐧𝐝 𝐓𝐇𝐑𝐈𝐕𝐄! 𝐎𝐮𝐭𝐬𝐨𝐮𝐫𝐜𝐢𝐧𝐠 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 𝐦𝐞𝐚𝐧𝐬: ·  Upskilling your team: Analysts and advisors, not data entry clerks. ·  Niche expertise: Be the go-to expert in your field. ·  Human connection wins: No algorithm can replace understanding your clients. Ready to level up your outsourcing game? Book a free consultation and see how Fourfold can transform your firm: https://lnkd.in/dJg3nK6n #accounting #outsourcing #AI #futureofwork #strategy #innovation #consulting #fintech #CFO #CPA

Interesting article showing pace of AI adoption by CFO's - up 65%. Key concerns listed in this survey were; Data privacy, system integration, and workforce training. If you are exploring GenAI, please take a look at Oracle. With 3 models to choose from (Cohere, Cohere light, and Meta), RAG capabilities and your choice of open vector database like Chroma, or Oracle's 23AI, we can alleviate concerns about data privacy and systems integration. Your data stays in your control and is not used to train our models. With a myriad of ways to integrate to legacy, and modern applications, we have you covered. We can even help with workforce training. Don't miss out on opportunities to improve efficiencies within your organization, whether with Oracle or someone else. The time is now. https://lnkd.in/gf3HQVem

Are you ready to revolutionize your law firm's financial planning and analysis? Join Oracle and Accelalpha for an exclusive webinar exploring the transformative power of Oracle #AI within Oracle Enterprise Performance Management (#EPM) – the world's #1 planning tool endorsed by law firms globally. What You'll Learn: • AI-Driven Predictive Planning: Enhance accuracy in financial forecasts and scenario planning. • Connected Planning: Integrate all firm planning aspects into a unified system for better alignment and efficiency. • Real Success Stories: Hear how other law firms have benefited from Oracle EPM, improving growth rates and reducing compliance risks. Register now to secure your spot and transform your firm’s planning capabilities with the power of AI! https://lnkd.in/g5u5peqM #LawFirms #OracleEPM #FinancialPlanning #ArtificialIntelligence #Accelalpha #Webinar

Looking to tackle staffing challenges in accounting? Embrace the transformative power of AI! Explore AI-powered research tools, cloud-based accounting software, and data analytics to streamline processes, enhance accuracy, and deliver exceptional client service. Stay competitive in the evolving accounting landscape.https://ow.ly/bHIe50Rmmu0 #AIinAccounting #StaffingSolutions #AccountingTransformation

Looking to tackle staffing challenges in accounting? Embrace the transformative power of AI! Explore AI-powered research tools, cloud-based accounting software, and data analytics to streamline processes, enhance accuracy, and deliver exceptional client service. Stay competitive in the evolving accounting landscape.https://ow.ly/SPHb50Rmlxj #AIinAccounting #StaffingSolutions #AccountingTransformation

Looking to tackle staffing challenges in accounting? Embrace the transformative power of AI! Explore AI-powered research tools, cloud-based accounting software, and data analytics to streamline processes, enhance accuracy, and deliver exceptional client service. Stay competitive in the evolving accounting landscape. https://ow.ly/ISAs50RmlZj #AIinAccounting #StaffingSolutions #AccountingTransformation

🚀 The Future of Accounting is Here: Embrace Automation & AI! 🚀 Automation and AI are revolutionizing the accounting industry, reshaping how CPA & Accounting firms operate, innovate, and deliver value to clients. 🔍 Why should accounting professionals and CPA firms embrace automation and AI? - Efficiency & Accuracy: Automation streamlines manual tasks, such as data entry, enhancing accuracy and enabling teams to focus on strategic decision-making. - Data-Driven Insights: AI-powered tools process financial data rapidly, providing valuable insights for improved forecasting and advisory services. - Enhanced Client Services: Automation allows CPAs & Accountants to dedicate more time to value-added services like financial planning and consulting, strengthening client relationships. - Regulatory Compliance: AI aids CPA firms in staying compliant with tax laws and regulations by automatically updating processes in line with the latest guidelines. - Scalability: Firms adopting these technologies are better equipped to expand operations, optimize workflows, and manage larger, more intricate client portfolios. In today's dynamic financial landscape, embracing automation and AI is key to maintaining a competitive edge, whether by streamlining internal processes or enhancing client services. 👉 How is your firm adapting to these changes? Are you prepared to future-proof your business? #Accounting #CPA #Automation #ArtificialIntelligence #AI #Finance #DigitalTransformation #AccountingTechnology #FutureOfWork

I've been thinking a lot about parallels between LLMs and the legal profession and spreadsheets and accountancy.   When the digital spreadsheet was invented in the late 70s a lot of accountants said that the tool had saved them days of time running calculations.   And their calculations were more accurate and less prone to error than before   You may have thought at the time that this would lead to less accountants to do the same work but looking at the growth of the profession you can see that there are ~30,000 accountants qualifying per year in the us today versus ~10,000 per year in the late 70s.   LLMs as a tool promise similar efficiencies for legal departments. Tools like Brightflag , Ironclad and Relativity are already saving legal teams a lot of time by reducing the time spent on automatable repetitive tasks.   I think progress in AI will accelerate this trend.   Spreadsheets unlocked so much value for accounting and finance because they allowed for the automation of a key processing step for them - calculations. Similarly LLMs help to unlock a key processing step for legal - manipulating language.   Its going to be very interesting to see how this evolves.

Accounting and auditing firms can now increase the speed of document review.   Vigilant AI™ provides a secure platform and data capture process to rapidly analyze and cross-correlate 100% of your client’s structured and unstructured financial data to identify all available documentation for their audit, risk and assurance needs.   Powered by our AI engine and an advanced, secure data architecture, we take a holistic approach, analyzing all relevant accounting and text-based documents and tagging them for rapid querying and analysis.   In doing so our analysis engine builds a model of all the relevant financial process data, including but not limited to, Accounts Payable, Accounts Receivable, and legal agreements.   By building a fully contextualized data warehouse of your client’s financial and legal data, you can easily find all the documentation associated with a given accounting entry or set of business processes.   Harnessing the power of AI, Vigilant AI™ will tag every document against every important attribute automatically, which in turn will significantly reduce the labor required to find the correct scope of documents for any accounting analysis you are required to perform; it turns months of analysis into days. Its comprehensive nature increases client assurance, and its speed ensures high margins for your engagements.   Request a consultation: https://bit.ly/3ugcWu1   #audit #AI #FutureOfAudit