In their recent video and podcast, Randy Johnston and Brian Tankersley, CPA, dive into how AI is shaping the future of accounting, especially through Acumatica ERP. They explore the new Acumatica AI Studio, sharing insights from the Acumatica Summit.
Brian highlights the event’s excitement and how many professionals, including himself, are eager to understand how AI can truly enhance their work. Acumatica is taking a three-part approach with their AI features: an AI advisor to spot anomalies, a tool to streamline workflows, and a future AI assistant. The goal is to seamlessly integrate these technologies into existing systems while ensuring data privacy.
Randy points out that Acumatica’s focus on data privacy is crucial. Unlike some traditional vendors who use customer data to train their AI, Acumatica is committed to protecting this information. This distinction helps users feel more secure about utilizing AI in their processes.
The discussion also touches on the importance of real-time data insights. Acumatica’s upcoming release will feature tools for anomaly detection and predictive forecasting, designed to help identify unusual transactions quickly. They emphasize that smaller, more targeted language models can improve accuracy, reducing the errors often seen in larger models.
Brian also mentions the potential for automation. Acumatica aims to automate complex workflows, making tasks like drafting resolution memos from tech support cases much quicker and less burdensome. This innovation could save valuable time and streamline what was once a time-consuming process.
Randy concludes by acknowledging Acumatica’s advancements as a significant move for mid-market solutions, reminding listeners that AI capabilities are becoming more accessible for everyone. Exciting times lie ahead in accounting technology, and both he and Brian look forward to sharing more developments in future episodes.
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Artificial Intelligence,Firm Management,podcast,Technology