Author: Natasha Lam, Chief Financial Officer at Blackbook.ai Chances are Accountants are going to be responsible for gathering the data and reporting for a business’s environmental impact, in fact you may already be doing it. Calculating and reporting emissions is becoming increasingly important to shareholders and the community. …

Author: Natasha Lam, Chief Financial Officer at Blackbook.ai Data baby! That’s right Edge Computing feeds data insights and Accountants’ love data. Edge computing is like IoT on steroids and brings data storage and data analysis closer to where the data is being gathered. …

Author: Natasha Lam, Head of Finance Automation at Blackbook.ai That’s right, soon the term random ‘sample size’ in relation to tax reviews will be a thing of the past. Organisations can now query the server data, open and read original scanned documents and apply logic and rules, reconcile data, and…

Author: Natasha Lam, Head of Finance Automation at Blackbook.ai We all groan at some stage of the month that we still need to complete our balance sheet recs. The manual validation of this checking process is painful, but 100% necessary in order to maintain accurate classification and transparent accounts. Imagine…

Don’t be scared of the sophistication of algorithmic trading and blockchain! Its logic and functionality can save thousands of hours spent reconciling. As Accountants, we wait around at the end of the month for allocation cycles to run or Intercompany accounts to balance, due to either resource or system restrictions…

Author: Ben Lynton, Head of Data Science at Blackbook.ai The full story falls far behind the hype. But for now, let’s focus on Quantum Computing. Quantum computing has been reported as a technology that will take over the world. It suggests imagery of nuclear missile silos being hacked, every major…

Author: Natasha Lam, Head of Finance Automation at Blackbook.ai Most organisations are aware they collect less than what they are owed but often can’t identify the source or extent of revenue leakage. Revenue leakage occurs when sales and finance teams don’t have a complete understanding of commercial relationships. …

Author: Natasha Lam, Head of Finance Automation at Blackbook.ai How to identify AI opportunities in the Month End Process Today our subject matter is Month End, the bane of all accountants’ existence, right!! We are going to talk about the challenges with Month End and opportunities where AI can assist. Ok, let’s break it down. The KPI Every accountant loves a good…

Author: Byron Costas, Head of Process Automation at Blackbook.ai What is OCR? Optical character recognition (OCR) involves the electronic or mechanical conversion of images of typed, handwritten or printed text into machine-encoded text. …