Harsh Deep Madan’s Post

#AI has become a buzzword, with few tangible use cases to make its value truly understood. Check out our recent case study on portco SimplyWise to see how they've turned buzz to business by developing their own AI tool to help seamlessly organize and digitize receipts: #VentureCapital https://lnkd.in/eFMpkpYY

Lots of information out there about AI and how it could be used. Time to get practical. We will share some real-world examples as to how AI can be an enabler in your accounting and finance organization right now. I hope you can join us! Numeric Trullion Isaac Heller Parker Gilbert Drew Niehaus

As the AI era rapidly unfolds before us, the question is, are you ready to embrace the future or risk being left behind? Join us at our virtual AI conference on Harnessing the potential of AI in the accountancy profession on 18 July to gain the latest insights into the world of AI and its impact on accountancy and finance. Supported by Xero, this half-day conference will explore the multitude of possibilities that AI brings to the profession while addressing the challenges it presents. It’s designed to equip finance professionals with the tools and understanding to harness AI’s potential and seize new opportunities while managing risks effectively. Topics to be covered include: ➡️ Trust in an AI-enhanced world ➡️ Managing risks: ethical considerations in AI finance ➡️ AI adoption journeys: lessons from the frontline ➡️ Will a robot take my job? ➡️ AI's role in enabling the future of finance: a panel discussion with live Q&A Join our expert speakers from around the world, along with ACCA’s Policy & Insights team, to explore innovative ways in which accountants can leverage this transformative technology. Register now, and enjoy the flexibility to attend the sessions live or access them on demand after the event. https://lnkd.in/e6PpS5vM

LLMs and AI are shaking up financial processes and we're all for it. Learn more about these shifts and AP Automation trends in this CPA Practice Advisor feature. 🗞️ https://bit.ly/4gyCCoL

Business Leaders Ready To Embrace AI – But Challenges Remain #businessautomation #dataextraction #automation #apautomation #salesenquiry #salesautomation #documentautomation #orderprocess #orderautomation #businessleaders #ai #challenges

Digital transformation is reshaping the accounting sector! 🔄 With the global accounting software market projected to hit $19.6 billion by 2025, AI and machine learning are set to revolutionize financial data processing. Custom accounting solutions are leading the charge, offering businesses the flexibility to adapt and thrive in dynamic financial environments. 💼 Get ready for a future where financial management is streamlined, data accuracy is enhanced, and decision-making is powered by predictive analytics. #AccountingTech #DigitalTransformation #AI #MachineLearning #FutureFinance #PredictiveAnalytics #BusinessAdaptability #DataAccuracy #FinancialManagement

🚀 3 Reasons AI Automation Saves Reporting Time In today’s fast-paced business landscape, optimizing financial reporting with AI automation is more crucial than ever! 🌟 Here’s why: Improved Efficiency: Say goodbye to tedious manual tasks! Automating routine processes can dramatically speed up report generation, freeing up valuable time for your team to focus on strategic initiatives. Better Precision: Accuracy matters! AI reduces errors and inconsistencies, ensuring that your financial statements are reliable and support informed decision-making. Cost Effectiveness: Why spend more when you can spend smart? By minimizing manual processes, companies can significantly cut costs, allowing resources to be reallocated to growth opportunities. 👉 Want to dive deeper into how AI can revolutionize your financial processes? Read the full blog at https://buff.ly/4gxqjcl ! #AIAutomation #FinancialReporting #BusinessEfficiency #CostSavings #DataDrivenDecisions #Innovation

Is AI Really Rewriting The Rules Of AP Automation? #businessautomation #dataextraction #apautomation #salesenquiry #salesautomation #ai

You can listen🎧 to or read our latest blog below⬇️ The Future of Finance: How Automation is Transforming Accounting Practices https://hubs.la/Q02CfR-30 #Accounting #Automation #Ai #Innovation #RPA

🔗 Why Chartered Accountants Must Prioritize Automation Before Jumping into AI/ML: In today's fast-evolving financial landscape, Chartered Accountants (CAs) hold a crucial role in driving transformation. While Artificial Intelligence (AI) and Machine Learning (ML) offer immense promise, they are still in their early stages of becoming true value-additive tools for finance departments. Realistically, it will take at least half a decade for AI/ML to mature into groundbreaking solutions. The real priority right now—and for the foreseeable future—is automation and digitization. Here's why: 1) Digitize First: Manual, paper-based, or fragmented financial processes are inefficient and error-prone. The foundation of a modern finance department is digital data and workflows that eliminate bottlenecks and minimize human error. 2) Automate Next: Once digitized, the next step is to reduce human dependency in day-to-day operations by building system-oriented processes. Automation can streamline repetitive tasks like invoicing, reconciliations, and compliance, allowing teams to focus on more strategic functions. 3) AI/ML Comes Later: While AI/ML technologies are promising, they need robust digital and automated systems to be effective. Only once finance functions are fully digitized and automated can AI/ML tools be implemented to enhance decision-making, improve accuracy, and uncover deeper insights. By focusing on digitization and automation first, CAs can lay the groundwork for integrating AI/ML technologies down the line. This approach ensures that finance functions are efficient, scalable, and future-ready—able to embrace AI/ML capabilities when they truly add value. #FinanceTransformation #AutomationFirst #FutureofFinance #AIandML #CharteredAccountants #DigitalTransformation #FinanceLeaders #FutureReady