Summary

In this episode, Captain Kelli Doorne-Millott interviews Daniel from BOTS for That about the misconceptions and applications of AI in accounting. They discuss the fear and scepticism surrounding AI, the background of BOTS for That, and the benefits of using bots in accounting processes. They also explore the specific tasks that bots can perform, such as onboarding clients, bookkeeping, and generating management reports. The conversation highlights the cost-effectiveness and time savings that can be achieved with bots, as well as the importance of customization and configuration to meet the specific needs of accounting practices. In this conversation, Daniel from Bots For That discusses the integration of bots with other systems, the affordability and scalability of automation for small practices, and the benefits of joining Beanie's community. He also highlights the resources available for learning and exploring bots, the early mover's advantage in adopting automation, and the accessibility and flexibility it offers. The conversation ends on a humorous note, showcasing the personality of Bots For That.

Takeaways

AI in accounting is often misunderstood and met with fear and scepticism.
BOTS for That specializes in building pre-built bots for the bookkeeping and accounting industry.
Bots can automate tasks such as onboarding clients, bookkeeping, generating reports, and more.
Using bots can save time, reduce errors, and free up resources for more value-added tasks.
Configuration and customization are key to ensuring bots meet the specific needs of accounting practices. Bots can be integrated with other systems to perform tasks and provide information.
Automation and bots are affordable and scalable solutions for small practices.
Joining the Beanie's community provides a platform for communication and engagement.
There are various resources available for learning and exploring bots.
Early adoption of automation can provide a competitive advantage.
Bots offer accessibility and flexibility in their operations.
Humour and personality can be incorporated into bot interactions.

Chapters

00:00 Introduction and Misconceptions about AI
03:00 Daniel's Background and BOTS for That
08:31 Supporting Smaller Practices and Repatriating Work
10:13 Understanding AI and Its Applications
17:07 Deterministic vs Probabilistic AI
19:09 Impact of AI on Jobs and the Future of Accounting
25:15 Specific Use Cases for Bots in Accounting
29:16 Cost Effectiveness and Time Savings with Bots
32:22 Overcoming Fear and Doubt with Bots
34:42 Configuration and Customization of Bots
35:58 Integration with other systems
36:29 Automation for small practices
38:00 Affordability and scalability
38:58 Beanie's community
41:06 Resources for learning and exploring
43:01 Early movers advantage
43:41 Accessibility and flexibility
44:15 Humor and personality

Meet our sponsor: Charterparth

Charterpath aims to inspire more finance professionals to volunteer their time and skills, connect them with non-profit opportunities, and engage with the wider sector so volunteering is a core part of a finance professional’s career.

Connect with Kelli? www.linkedin.com/in/kellidoorne

Find out how Accounting Pirates can help you with your marketing journey, visit www.accountingpirates.com