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25th Jun 2019 16:59

See this article from a few weeks ago:

https://www.accountingweb.co.uk/tech/tech-pulse/is-ai-accounting-all-smo...

AI is mostly bullsh!t.

The cynic in me would say it's nothing but the marketing spin being put on what's really happening - jobs being outsourced abroad.

It'd sound terrible if the software companies were bringing in a product that was moving British jobs abroad - but if it's AI and machines that's doing all the work then that sounds great.

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25th Jun 2019 16:46

AI is quite good at recognising speech (cf Alexa) and also potentially good at recognising images and text (Ocr). How good it is at allocating expenses is a question I don't know the answer to.

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25th Jun 2019 18:00

I've certainly had Iris on the phone trying to sell me outsourced services so I'm pretty sure they have the associates in place

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26th Jun 2019 07:51

Thanks. Well, I guess it's always an option to consider - and most likely more reliable than the fully automated option.

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By tobynew
28th Jun 2019 16:00

Not sure how true this is as I was told by a salesman, however Autoentry supposedly has the most advanced system with 80% of captures being automated and 20% delivered to their processing centre to be manually processed, hence the delay in receiving the digital files.

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By Dandan
28th Jun 2019 18:19

I have seen the word "associates" often used when justifying outsourcing. It is an attempt to suggest that the company doing the outsourced work is, to all intends and purposes, the same organisation.

In any case, GDPR is a bit of a joke. It has had the opposite effect of what it was meant to achieve. Before GDPR an organisation might have shared your date with 2 or 3 of its partners. After GDPR , it shares it with a hundred or so organisations, on the basis that you gave consent (without realising it).

In actual fact GDPR means that an organisation can do whatever it wants with your data as long as you have given consent. It is the way they get consent which has to be questioned.

Since GDPR came into force, organisations have gone on an information sharing bonanza.

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