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Bots, bots, bots

For years now, accounting professionals have been told that technology will put us out of work. That
Future Firm Weekly Top 5
Bots, bots, bots
By Ryan Lazanis • Issue #7 • View online
For years now, accounting professionals have been told that technology will put us out of work. That AI will replace our jobs. And that blockchain will eliminate compliance services like audit. Bots, software applications that run automated tasks, seem to be a hot discussion point at the moment in the accounting profession.
While bots have had some impact on the profession to date, I also see a lot of hype surrounding them, to the point where it even bothers me when I see them being advertised by some software companies. Perhaps it has to do with the fact that when I have researched things a bit deeper, these so-called bots are nothing more than outsourced labour to the developing world in some instances.
Now, don’t get me wrong, I do think that bots are coming in a much bigger way as the technology and profession matures, and they will automate more and more of what we do, but bots can only work if the processes you want automated are already super tight.
While we wait for bots to hit the market in a bigger way, my advice is to:
1) Analyze processes in your firm that are repetitive and nail down the tightest processes possible in anticipation of automating them with software
2) Familiarize yourself with the different kinds of use-cases available with bots and how they may be applicable to your repetitive processes
The bottom line is that bots will likely automate more of what we’re doing and therefore they will create opportunities for those ready to adopt and implement.

1 - How are bots being used?
Got Bots?
2 - Tax compliance to be further automated
TaxJar gets $60 million for software that automates ecommerce sales tax calculations
3 - Generic job posts suck
Job Posts That Don't Work
4 - 80% of workers prefer a job with remote work
Remote work will cross the chasm in accounting in 2019
5 - Debunking arguments against remote work
Did you enjoy this issue?
Ryan Lazanis

Future Firm Weekly Top 5 is your weekly curated insight into the top 5 things happening on the internet affecting the future of your accounting firm.

For more technology, practice management and marketing resources for your modern accounting firm, visit my website at https://futurefirm.co.

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