What Happened to Software Is Happening to Finance and Accounting
4 days ago
- #AI in Finance
- #Accounting Automation
- #Future of Work
- The author, a CPA and finance professional who also codes, observes that AI is transforming finance and accounting similarly to how it changed software development.
- AI is shifting from being a tool for research to managing entire workflows autonomously, reducing the need for manual intervention in tasks like coding and accounting.
- In finance, traditional skills like Excel proficiency are becoming less critical as AI agents take over tasks such as inbox triage, invoice validation, and reconciliation.
- The future of finance lies in designing systems that ensure auditable truth and speed, with AI handling repetitive tasks while humans focus on oversight and context.
- Key emerging roles involve managing AI workflows, maintaining context, and ensuring governance, rather than just prompt engineering.
- The author invites others to share workflows and learn from each other, emphasizing practical, real-time demonstrations over theoretical discussions.