AI in Construction: Accounting and ERP

The temps are heating up in many parts of the United States—but so too is AI (artificial intelligence) in many areas of business. Are you ready for the next evolution of accounting? That is what we will be looking at today—how AI is impacting accounting and ERP (enterprise-resource planning).

Accounting and job costing are one of the most foundational processes in the construction industry, as they enable large or small enterprises to keep track of expenses for projects. The information collected here is critical for a number of reasons: it ensures the project runs on budget and the information could theoretically be used to better plan for similar projects in the future.

Certainly, ERP (enterprise-resource planning) solutions combine many of the core components of a business including project management and accounting.

AI in Accounting

There are many opportunities for AI to completely disrupt accounting, helping with invoice processing ...