Artificial Intelligence

Finance & Accounting Revolution: Rise of Robo-Accountants

By Emmanuel Jibodu, Sr. Analyst, Global Finance - Stericycle Inc.

The Boston Consulting Group (BCG) predicts that by 2025, up to a quarter of jobs will be replaced by either smart software or robots. There are numerous articles being written, nowadays, on the plight of several professions — lawyers, financial advisors, accountants, etc., because of robo-lawyers, robo-advisors, and robo-accountants. A robo-accountant is NOT necessarily a robot with arms and legs from a science fiction movie; and, in the context of finance & accounting (F&A), the term can be ascribed to software that performs F&A processes.