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Are new technologies replacing routine jobs?

Yes, but AI eradicates time spent on mundane tasks, allowing business owners to focus on running their firms, and their advisers on providing them strategic counsel.

Published Mon, Feb 11, 2019 · 09:50 PM

IN recent years, the rise of new technologies such as artificial intelligence (AI), machine learning, and automation has been one of the biggest disruptors across multiple industries, changing business processes and the way professionals work, including in the world of accounting.

Cloud accounting platforms have incorporated AI and machine learning to automate the coding of a large portion of transactions that small businesses do on a daily basis.

AI eradicates the time spent on manual and administrative activities such as punching and coding transactions, allowing business owners to focus on running their businesses, and their advisers on providing them strategic counsel to deliver better value.

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