cfotechoutlook

The Quintessential Technology Source for Corporate Financial Professionals

6FEBRUARY - 2022Managing EditorSarah DawsonAaron Pierce Ann Bennis Antony MosesVisualizerVictor CruzSalesSarah DawsonManaging Editoreditor@cfotechoutlook.comRichard Watsonrichard@cfotechoutlook.comEditor's NoteEmail:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com March - 01 - 2022 Vol - 07, Issue - 01 (ISSN 2644 - 2841)Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Editorial StaffAva GarciaJoshua Parker Paul BarberJoy ParkerCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffTechnology is synonymous with development, continuously reshaping industries and businesses; the accounting industry is no exception. From transformational accounting practices spearheaded by blockchain to other AI-led automated accounting workflow, the fiscal industry is prepared to witness significant shifts in the coming years.With the growing dominance of blockchain, for instance, the accounting practices are expected to reach a new height. For accountants, the biggest and most important use of blockchain lies in its ability to help store and hold immutable records of transactions. This has always ensured that any dealings with clients or businesses can be recorded and stored. This will help accountants keep abreast of what's going on, as well as make painfully slow auditing processes a thing of the past. Similarly, guided by AI, it will also allow businesses how to improve their accounting processes. For example, it will help businesses identify which parties to trust when managing transactions. Additionally, the adoption of AI will also offer accountants better insights to drive accounting decisions. ML algorithms, in that regard, can learn patterns in accounting tasks to help reduce mistakes early on and avoid wasting crucial accounting time. It also will be useful for audits and predictive analytics to forecast future financial trends. In this edition of CFO Tech Outlook, we bring you the story of some of the leading accounting solutions providers that deliver the best outcomes for their clients. This edition also offers a combination of thought leadership articles from subject matter experts and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the accounting solution providers that fits your business requirements.Let us know your thoughts! Reshaping the Accounting Workflow with AI and Blockchain
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