Srilanka, Feb. 2 -- In today's fast-moving digital world, Artificial Intelligence (AI) has been intensely changing industries, even accounting, with unparalleled efficiency, accuracy, and innovation. The integration of AI in financial processes revolutionizes the way accountants work in that it automates routine tasks to free professionals up for more strategic roles. Such AI-powered tools can process large amounts of data, including invoices, receipts, and financial statements, at unparalleled speeds and accuracy levels beyond human abilities. This shift has eased bookkeeping tasks, increased efficiency, and freed accountants to perform financial analysis, risk management, and strategic business advice.

Meanwhile, machine learning algor...