The Next Breakthrough

In today’s article I want to discuss the responsibility technology has in the ever changing landscape of accounting software. Now to completely understand the responsibility of an accounting software we must start at its core, TurboCash. TurboCash launched in 1987 and shortened a 15-day process of consolidating ledgers into minutes. It also was the first accounting software that had an automated system for a trial balance, balance sheet and an income statement. This cut accounting departments in half. No longer did you need individuals spending countless hours balancing every account. Since this major transformation, we have only seen advances in design and functionality

Design & Functionality

In order to understand the advances in design and functionality I will focus on the industry leader, QuickBooks. QuickBooks advanced to the pinnacle by having a design that displayed simple, bright colors, cleaner lettering and transforming information to be more readable. It focused on making an industry that was originally displayed as a spreadsheet to something that was far more advanced.

Now functionality advanced in QuickBooks by allowing automatization. Reporting, reconciliations, invoicing, tax application, and credit card payments are all functions that are n

ow a click away. A business owner using QuickBooks can invoice a client, accept payment, reconcile the transaction, and report it on the bottom line all in a few clicks.

Is this a breakthrough or just an advancement in the technology?

Breakthrough

At Techne AI we believe everything stated above is considered and advancement in technology and not a breakthrough. The next breakthrough in the industry that will once again cut accounting departments in half is Artificial Intelligence. AI can improve customer personalization and answer questions about their financials in real-time. The complexities of AI lie in the data. Unlike a regular accountant, Techne’s AI will be constantly analyzing and applying solutions more extensively and faster than any business owner has experienced. The breakthrough for accounting software’s is in being proactive rather than reactive. Just like before TurboCash there is countless hours spent receiving either wrong or reactive data from your accounting software. Our software will have predictive analytics for your business in order to wave any storm. Instead of automatization you now have your own small business CFO.

The next breakthrough since 1987: Techne.AI