6February 2018Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.FEBRUARY- 2018Managing EditorSarah DawsonEditorial StaffAaron Pierce Ava Garcia Joshua ParkerVishnu SanthoshVisualizerAlvin AndrewsAccounting Solution SpecialSalesMailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510-565-7614, F:510-894-8405February - 2018, volume 04 - 02 Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditor's NoteSarah DawsonManaging Editoreditor@cfotechoutlook.comAI and AccountingAndrew Smith andrew@cfotechoutlook.com Accounting and bookkeeping products are constantly pushing the boundaries of innovation with AI. The smart virtual assistants are beginning to manage a vast array of manual tasks, including handling client queries. Robo-advisors and chatbots that are capable of making specific decisions are steadily becoming mainstream. The advent of AI will also set in motion a transformation in the role of accountants and their value-add. It is paramount for organizations to embrace the new technology and combine the power of AI with that of the workforce to win the race for efficient accounting. By focusing on skills that AI cannot master--such as understanding clients' goals--and developing their customer-facing advisory skills, accountants have a crucial role to play; they are the bridge between AI and business owners.In conjunction with AI, blockchain is streamlining key accounting functions. With blockchain technology boasting security features like distributed ledgers, transparent transactions, and immutable data, software providers have made it their priority to design and develop accounting software that leverages blockchain. It also streamlines invoicing by allowing accountants to generate smart receipts--simplifying and enhancing accounting document management. And as security takes the center stage, businesses are looking to implement adaptive security measures that can anticipate security risks. The C-suite is particularly keen on comprehensive security systems rather than add-on packages.With 2018 looking to be yet another busy year for the highly competitive accounting industry, CFO Tech Outlook presents its Accounting Solution Special, featuring insights from industry experts and solutions from innovative technology providers. We hope the wealth of information contained within these pages will be valuable in helping you reinvent your accounting operations.Let us know your thoughts.
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