Tomorrow's accountant will be a business advisor rather than a number cruncher

The rise of artificial intelligence (AI) and the growing maturity of cloud-based business software promise to dramatically change the role of the accountant over the next five to 10 years. Savvy professionals should already be reskilling themselves in anticipation of the shift in the market. The Finance Indaba is taking place today and tomorrow – it's the perfect platform for finance professionals to gear up and learn about the changing accounting world from leaders in the industry He says that the arrival of smart software bots, paired with the affordability of cloud-based business applications, will change the way that accountants work as vividly as the first spreadsheet and accounting software packages did. "Financial software is getting smarter, more affordable and easier to use, so more and more of the admin accountants typically do for the business is becoming automated," Cohen says. "What's more, intuitive software paired with AI and other new developments, could empower small business owners do more of the tasks they used to entrust to an accountant."