AI Is Taking Over Accountancy Work, Say the Press
And they love to ask “will it lead to redundant accountants or create more opportunities?”
Both!
Yes for redundant accountants, who remain dependent upon core compliance work.
Yes for opportunistic accountants, who use AI to diversify into business advisory services.
But not the current light touch stuff around management accounting and performance dashboard software that simply suggest areas for action.
Instead, business advisory AI that digs deep, wide and fast to analyse the whole of any business, identify its performance and potential, then deliver practical actions for joint implementation. And all at affordable prices which any client of any size, gladly pays monthly for continuous support, profitably delivered by the practice.
How could it work?
Accountants with premises set up local Business Centres to act as community advice hubs
Consultants trained in AI business technology work from Business Centres, to gain new clients
The Centre builds and services a major ‘whole business’ client base
Clients access the services online and in the Centre, paying everlasting subscriptions
The Centre dominates its local business advice market and becomes a high value business
Is it here yet?…