6 min read

Accounting Automation: Expectations Vs. Reality

By Dominic LoBianco on May 20, 2020 3:26:40 PM

Technology advancements over the past five years have changed the business landscape completely—and the evolution isn't slowing down anytime soon. This is especially true in the accounting space, where we’ve seen a large pop in the progression of technology over the last two to three years. With artificial intelligence, machine learning, and robotic process automation being used to take on traditionally laborious work, today’s accounting professionals and business owners now have the ability to complete far more tasks in a much shorter period of time.

Topics: accounting technology Accounting firm growth automated accounting
11 min read

The Advanced Guide to Automation in the Accounting Industry

By Botkeeper on May 18, 2020 2:08:00 PM

Like the transition from the abacus to the calculator, the accounting industry eagerly embraces changing technology—and the ability to make accountants' lives easier. Just as accountants embraced the convenience of spreadsheet technology, so a new generation of accountants is taking advantage of the latest advance in technology: automation. 
Topics: artificial intelligence machine learning automated accounting Accounting firm advice
8 min read

Breaking Down Blockchain for Accountants in 2020—and Beyond

By Botkeeper on May 13, 2020 1:30:00 PM

Blockchain technology, along with being a new buzzword, is also one of the most exciting technologies of the 21st century. A universally decentralized ledger system that can share data among an infinite number of users—a blockchain is unhackable. Due to its ability to share data and simultaneously record real-time transactions on every single computer connected to its network, the technology can’t be interfered with. If anyone tries to hack or scam a blockchain, the entire chain takes notice, and the chain will be forked where the hack happened, eliminating the culprit from the chain.

Topics: accounting technology automated accounting Blockchain
8 min read

Artificial Intelligence for Accounting: An Introductory Guide

By Botkeeper on May 8, 2020 2:30:00 PM

According to recent statistics, 82% of businesses are failing as a direct result of mismanaged profit and cash flow. While this is a scary statistic for business owners, you'll be happy to know that there are some very simple ways that you can ensure this doesn't happen to you.

Topics: AI for Accounting automated accounting bookkeeping for accounting firms,
7 min read

How Accounts Payable Outsourcing Works and Why Your Business Needs It

By Aaron Sullivan on Nov 26, 2019 10:31:37 AM

Managing the relationships that your company has with suppliers and vendors is challenging. And the more vendors you have, the more at-risk you are for costly errors in your accounts payable process.

As your business grows, the complications that come with managing your accounts payable process in-house can slow down the growth of your business. If your company handles sensitive financial information, an accounts payable process that isn't high-functioning can even turn into a liability for your business to handle. It can become a bottleneck and slow everything down!

Topics: automated accounting accounts payable accounts payable outsourcing listen on the go
12 min read

7 Experts Weigh In On the Future of Accounting

By Aaron Sullivan on Nov 5, 2019 2:58:47 PM

Every industry is impacted by the rise of technology and automation, and for many, that can be an overwhelming—possibly even scary—thought. So we set out to get to the bottom of how real accounting experts view this ongoing change to the industry. Our friend Jody Padar, The Radical CPA, conducted a series of interviews with accounting industry thought leaders and influencers, and we pulled together this collection of highlights as they relate to select questions.

Topics: interview accounting technology CPA insights Radical CPA The Radical CPA Accounting Industry Insights automated accounting