Busting the Automation Myths that Keep Accounting Teams from Optimizing

Finance and accounting managers at growing firms know that improving process efficiency is essential for keeping up with increasing workflows. And, they have likely witnessed how artificial intelligence (AI), machine learning, chat bots, and other forms of automation have led to dramatic productivity gains in other areas of their firm’s operations.

Yet, myriad misconceptions about automation persist, keeping these leaders from exploring the potential of automation to expand the resource capacity of their accounting and finance functions.

In this article, we identify—and bust—some of the most common myths about automation. We explain how even small companies can leverage a universe of cost-effective automation tools not only to increase productivity, but also to improve accuracy and make a direct, positive impact on the bottom line.