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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.