Introduction
As everyone has their own mother tongue, it is said that accounting is the core language of business. This language is playing a crucial role ever since ages. At the initial stage, accounting was a tough process to think and to do. But now, all the technological changes played a part in making the accountant’s job just a little easier. Technological advancements have enhanced the accountant’s ability to interpret data efficiently and effectively.
Why “Technology” a boiling topic today?
As a CMA aspirant, I was initially only known about the theoretical aspects of technology and its use in the accounting field. But Insight Consultants has paved a different thought process to my mindset. Being a financial consultant, accommodating technology into my day-to-day activities has helped me to coordinate with the overall environment. It has resulted in establishing a professional approach in managing the key tasks and diluting the complexity of the process.
The extension of technical factors has resulted in proper systematization of both clerical and non-clerical works. In this technological era, we prefer to upgrade ourselves and possess the most modern gadgets. We tend to replace or update the old applications to make our life easier and more comfortable. The battle between hard work and smart work is catching worldwide attention in the present scenario. Moreover, the word smart work strikes a little higher in this fast-moving generation.
Once a common picture for bookkeeping was a set of registers and a calculator. Then it had started growing to Excel Macros and then to RPA, eventually leading to the strong Artificial Intelligence. We are also growing to mini bots and human robots. This is an eyeopener for all the global professionals. The term “FinTech” is emerging slowly and steadily.
Conclusion
Technology has provided a much-needed boost to the life of accounting professionals. It is enacting the role of the heart which pumps the required blood to the entire system. The idea of multitasking, injection of more flexible task-resolving techniques and, day-to-day innovations in the field of technology have mutually benefited the accounting world also. The process is more constructive at the same time it’s open for any kind of positive up-gradation too. This change is something that professionals around the globe have welcomed with both hands.
