Why Robots Won't Steal Accountants' Jobs II

"Robots are NOT going to replace all human accountants ..."

So claims this interesting article from Forbes. But the fact remains A.I. is still able to do some of the heavy lifting from accountants so that they can provide more value added services.

As mentioned in the article, cloud based accounting solutions have already forced many firms to adapt. We are excited by these two up and coming innovations :

• Siri-type interface for business finance: Pegg, an app that works with the messaging app, Slack, is already showing what’s possible in terms of creating invoices, responding to questions about revenue projections and status of expense accounts. This app as well as other conversational interfaces have huge potential to disrupt accounting and make some tasks as simple as chatting.
• Automated invoice categorization: Accounting software firm Xero is deploying a machine learning automation system that will be able to learn over time how to categorize invoices, something that currently requires accountants to do manually.

Imagine being able to create different categories of invoices on the fly just by talking to your smartphone! The days of Her might not be too far away.