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Our team is creating a GenAI-driven system which provides personalized answers to financial questions for small business customers in QuickBooks, for example. And, the most rewarding part is the team builds on AI algorithms to generate recipes for computing statistics and automatically analyzing data to generate insights and recommendations.
Sponsor Xero: [link] Show Notes 02:34 -- Blake crunches the numbers and figures that if Intuit meets its publicly stated goals, QuickBooks Live will likely be a $60 million per year accounting firm by 2020, putting it at 73 on Accounting Today’s Top 100 Accounting Firms list. Dan Wernikoff, the former GM of QuickBooks and TurboTax.)
And so I was doing QuickBooks data entry mostly and I had some clients on the side. A lot of what I did, I would say 80% of what I did was keying in transactions into QuickBooks from PDF bank statements are actually more likely printed ones at that point. It's simply a way for computer programs to talk to each other.
And so the sort of the first step there is basic automation of processes using your current ERP systems, be it you know, Oracle, SAP, Hyperion, zero, QuickBooks, whatever you are using. So there's computational AI, there's all sorts of AI is out there. That sort of baseline automation. RPA though is that extra layer right?
Even though Core is an all-in-one app, it still works nicely with accounting apps, like QuickBooks, and Xero. While other time-tracking apps are charging as much as $8 or more per month, per employee, ClockShark offers ClockShark Standard Plan for just $6 a month, per employee. That is Cloud Accounting Podcast dot promo forward slash B-R-E-X.
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