AI Accountant Chai Chung Hoong Starts Research & Development For Robot Accountant
SINGAPORE (PRWEB) October 10, 2019
Artificial Intelligence (AI) is set to transform the accounting industry with technology replacing the need for human involvement in tedious and repetitive tasks. The verdict is out! Digitalization and automation of accounting processes is the future of Accounting.
AI Accountant Chai Chung Hoong is working on AI and Accounting integration to streamline accounting and book-keeping processes. The outcome of the R&D is to automate everything through Artificial Intelligence and create the Robot Accountant, who is highly automated and able to interact with humans and technology through Machine Learning. It is the vision of AI Accountant to apply the latest technology to improve financial activities, setting up of businesses, compliance with Companies Act, preparation of accounts and taxes.
AI helps to streamline data entry like accounting bookkeeping that are time-consuming and tedious. By incorporating AI, financial data can be extracted easily from receipt images or via scanning of invoices – which automatically classifies the data into revenue or its respective expenses categories. Far-sighted accounting enterprises like AI Accountant are starting to see the value AI can bring to their business processes, and offer these services to future customers. By using AI in accounting, it will strengthen due diligence and KYC to support nominee director services, thereby reducing the possibility of mistakes and money laundering.
AI Accountant Chai Chung Hoong will use artificial intelligence to deliver higher quality and productivity at work. AI Accountant has one priority mission – to attract investors to do business in the State of Singapore through technology automation and maximize cost savings for the business. Why is AI Accountant the future of accounting, you ask? Because we see ourselves as a Fintech Enterprise, and we are targeting to be the Leading Digital Accounting Enterprise in Singapore.
About AI Accountant
AI Accountant Chai Chung Hoong leads a team who understands how valuable experience can be, and we have more than 10 years of experience under our belts. The future of accounting lies in the digital space. AI Accountant will be fully digitalizing our processes. All transactions will be performed through phone calls, emails and using a digital signature.
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