Are the accounting software companies creating their own equivalent of 3D TV?
If they are, do we need it and do we want it?
Over the years there have been several attempts to get 3D into cinemas and living rooms but, by and large, there’s been no great appetite for it.
No one needed it and few people wanted it.
Despite all the marketing hype and investment by the media companies and the TV manufacturers, 3D TV has never caught on.
Is there a similar story brewing these days with AI and accounting software?
AI in accounting software – it’s coming whether you like it or not!
The hype is there and will only get louder. The investment is there and has been for a while and some of the AI has already made its way into some of the software.
Big launches and announcements are planned.
And as we wait for the product launches, if you’re an accountant or bookkeeper, in a firm, working for yourself or in a finance department, start to ask yourself:
- will accounting software infused with AI be substantially more useful?
- will AI-infused accounting software help make my clients / my employer more profitable?
- will I be able to switch it off if I think it gets in the way?
- will my business and /or my clients be prepared to pay more for the software?
- if I can’t see appreciable benefits can I buy a version of the product without the AI?
We’ve yet to see what the next wave of AI in accounting software will look like, so it’s too soon to reach any conclusions.
It might be something that most of us can’t live without and we’re prepared to pay more for it.
But it may be the equivalent of 3D TV.
If so, then be prepared to push back.
Can Blue Dot Consulting help your business with its bookkeeping?
Bookkeeping is the DNA of every business and, however much technology you use, your bookkeeping needs to be done well and kept up to date.
We do a lot of training with businesses to help them get going in the right way or transition away from how they’ve always done things to how they should be doing things.
We help businesses get what they need from their numbers and we can help you with:
Our training uses your accounting software and your live data so it really is bespoke for your business.
We work with start-ups and we also work with long-established businesses.
We take you through the whole spectrum from data entry at one end to financial reports at the other end, pausing to look at workflows and financial controls along the way.
Perhaps most importantly of all – we show you how to use the software in a way that’s right for your business, not in a way that the accounting software companies would have you believe is right for your business.
Let’s have a free-of-charge chat about your business – call Michael Austin on 020 7125 0270 or email info@bluedotconsulting.co.uk
Michael
Related links:
Bookkeeping in the 21st century
Technology is the servant, not the master
Blue Dot Consulting provides accounting and business advisory services to clients across Central London, West London and South West London, with particular focus on Fulham, Hammersmith, Richmond, Putney, Wandsworth, Kensington and Chelsea. We help local business owners make better financial decisions and plan confidently for the future.
© Blue Dot Consulting Limited, Chartered Accountants, Bedford House, Fulham Green, London, SW6 3JW