Xero, Ivalua Explore Impact Of AI PYMNTS.com

Artificial intelligence has received a mixed welcome from corporates exploring how the technology could disrupt their operations. While AI can deliver time and cost savings, automation and actionable insights, executives are also concerned that the tool will displace professionals like accountants and procurement officials. New research suggests, however, that the technology is finding harmony in these two areas of the enterprise. Small business accounting firm Xero and spend management company Ivalua each released new research this week analyzing how artificial intelligence has impacted their perspective arenas. "The accounting industry is frequently held up as one of the industries most likely to be negatively impacted by AI and automation," Xero said in its announcement on Wednesday (June 6) of new research on the impact of AI on small business accounting.