Godfrey-Billy: artificial intelligence will set accountants free

With artificial intelligence (AI) and automation threatening to change the face of the accounting profession, Kirsty Godfrey-Billy, chief accounting officer at Xero, asks how technology will reduce repetitive tasks and improve controls

More than 500 years after Luca Pacioli, ‘the father of accounting’, established modern accounting, we are entering an era that is more exciting and evolving more rapidly than any that has gone before.

Recent developments in automation and machine learning are shaping the future of accounting. Advancements in artificial intelligence (AI) mean accountants no longer need to spend as much time caught up in menial tasks. They are freed up and enabled to be true business partners to their clients and employers.

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