Automation In Accounting
What type technology simplifies accounting tasks through the use of AI and Software Bots, reducing mistakes and increasing efficiency.
Automation Tech
What technology has revolutionised accounting processes by allowing accountants to access data from anywhere
Cloud Computing
What is the term used for providing immediate and up to date financial information using technology
Real Time Reporting
What type of software integrates with accounting systems to handle tasks like data entry, freeing up accountants for more strategic work
Software Bots
What is an example of cloud computing that we mentioned in the slides
Quickbooks and Xero
How does real time reporting benefit decision making
By providing the latest financial information quickly, allowing decision makers to make informed choices
How does automation in accounting improve decision making abilities
By providing access to real time accurate data for informed decision making
How does cloud computing and advanced software systems increase accountants productivity
By automating repetitive tasks, saving time, and allowing accountants to focus on more valuable activities
What are the examples of real time accounting that we mentioned
Live Financial Dashboards and Instant Bank Updates