According to a recent survey, 45% of accountants intend to automate repetitive, time-consuming accounting tasks, such as data entry.
The accounting software market alone is estimated to reach $29.8 billion by 2030 — and automation could play a big role in that.
Initially, many accounting professionals met automated accounting software with distrust, believing automation could replace human employees.
But, in reality, the benefits of automated accounting translate into time and money saved for businesses of all sizes.
Accounting automation can’t replace the need for human accountants, who are still needed to interpret data, make decisions, and provide insights. But it can empower businesses to increase accuracy, reduce costs, and grow sustainably.