Truth be told, in recent years there has been a lot of speculation and also rumors about the use of artificial intelligence (AI) in the business especially in accounting of Shell company for sale. Some may not tell you the entire details or might not even know, but within a few years’ time, the use of AI in accounting will be a reality rather than a distant dream. Chai Chung Hoong who is from AI Accountant is working tirelessly to develop ways to integrate technology and accounting to develop intelligent and automated accounting solutions for the business owners.

But if you have to go by the words of some experts, they see such a development as the end of the world. Robots will replace human professionals. But is this state really true? Let’s explore.

AI Accountant Chai Chung Hoong On Benefits of Automated Accounting

Whether you are looking for a better way to maintain your day to day accounts or summing up the accounting process of a Shell company for sale, with the help of artificial intelligence, your accounting process can be faster, error-free and less time-consuming in the future. But this is not the only benefit that one can achieve by introducing AI Accountant in the company. Let’s check out the other benefits of using AI Accountant:

• Accounting is a dynamic field and each and every time there is a new framework, policy or rules come into being, accountants need to refresh their knowledge to ensure compliance and due diligence to avoid breaching The Companies Act and section 410 of the penal code. Keeping all these things in mind is simply impossible for a human accountant, whereas with AI Accountant, things will be much easier. With the help of technology, you would be fully compliant with the Companies Act and all law or regulatory policies.
• With the automation in accounting, companies can save a great deal of time and money, be it recording a transaction, or finding the older entries from the millions of older entries. Business owners will save a lot of money too.
• Doing repetitive jobs like accounts receivable and payable, monthly or yearly closing, preparing reports based on the figures can take a long time for an ordinary accounting firm, but AI accountant can do it in a jiffy.
• Moreover, AI Accountant is doing R&D to create chatbots in the company to help answer the clients’ queries in future, like what is the due amount, what will be the date of next payment, and many other questions.

But if you are thinking that AI will lead to millions of job losses and a death sentence for accounting professionals, then you are dead wrong. The verdict is out. AI will handle the menial jobs which used to take a lot of time. Accounting professionals will now take on higher level business development work and be responsible to court customers.  So, there is no need to panic. Embrace the future with a warm welcome. Consider AI Accountant Chai Chung Hoong for your future accounting needs.