AI in Accounting and Finance: Benefits and Challenges
Artificial Intelligence is the present and the future of technology. This technology has revolutionized the modus operandi of our work. Similarly, integrating AI’s machine learning system in accounting and finance processes gives a competitive advantage to the organization over its competitors. AI is fundamentally reinventing the workforce in consonance with robotics. To define it in simpler terms, AI is intelligence demonstrated by machines instead of humans. It makes the processes streamlined and exceptionally reduces the time to complete a task accurately.
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