Join ABN
Or Call 1300 856 710

Latest News

All the latest news and events from the Bookkeeping Industry

The Bookkeeper Event: Powered by Passionate Sponsors and Innovative Minds

Hear from our sponsors on the power of AI

Events like The Bookkeeper Event thrive thanks to the generous support of their event sponsors. The sponsors' commitment to the mission is essential in creating a vibrant and enriching expo experience for all conference delegates.

On Thursday, during Events Expo Day, the sponsors took the stage to share fantastic insights and showcase their innovative products and services. This truly enhanced the agenda, adding valuable CPE opportunities to an already packed day.

This year’s theme for The Bookkeeper Event, “Doing it Better with AI, Innovation, and Technology,” was brought to life in the Expo area, which featured stands from sponsors—industry leaders dedicated to providing the bookkeeping community with top-notch products and services.

Recently, the organizers reached out to their sponsors, and some of them shared how they are incorporating AI into their businesses. Here’s what they shared:

Sponsor 

Response 

Accountancy Insurance  

It has streamlined our business and made doing business with clients quicker and easier.  

 

Approval Max 

We are integrating AI and machine learning into ApprovalMax to enhance data entry, coding, fraud detection, and workflow intelligence, improving transaction accuracy and process efficiency. Innovation at ApprovalMax builds on the needs of our customers and any use of AI will be led by solutions that solve their challenges, issues, and opportunities.  

Australian Payroll Association 

We are constantly looking at new ways that AI can improve our business and the world of payroll. One of the most profound impacts of AI is its capability to automate routine tasks within the business. By automating data entry, calculations, and payroll processing in certain areas, AI can minimises human error, ensuring employees are paid accurately and on time. AI indeed has the potential to automate certain tasks, particularly those that are repetitive or data-driven. However, this does not necessarily signal the end of jobs in the business but shifts the type of work that we are performing on a regular basis. By automating routine tasks, improving compliance management, enhancing fraud detection, and enabling predictive analytics, we are looking at how AI can significantly elevate the payroll function within our organisations. However, a thoughtful approach to integration, addressing challenges related to data security and skills development, is essential. As the payroll industry navigates this technological transformation, the focus must remain on leveraging AI to augment the human element of payroll, ensuring a balance between technological efficiency and the personal touch that is fundamental to effective payroll management. 

 

Australian Super 

AI, or rather GenAI has had the biggest impact by ways of helping colleagues at AustralianSuper to:  

1. Summarise large volumes of information, i.e. large documents, email chains, etc.,  

2. Generating content, i.e. drafting emails, creating PPT slide decks, etc.,  

3. Summarise Teams meetings and providing meeting minutes. We've been using Microsoft CoPilot and BingChat to help with the above and we're continuously learning and collaborating with each other to share helpful prompts so we can all learn and experience the benefits of AI together.  

 

BGL 

We've use AI to help improve internal processes ranging from marketing to product teams. We've also used AI in our products to assist with our clients' processes (e.g. extracting data from documents and allocating account codes and other meta data). We have used out of the box AI solutions, as well as built our own modelling around AI solutions.  

Clarity Street

Content creation for marketing and events, AI has been a game changer for us, literally saves us so much time these days. Meeting recordings, having my AI recorder as part of it is honestly awesome, I know that everything is captured now.

de Jonge Read 

We've recently begun leveraging AI to assist with drafting non-confidential communications and presentations. Our team is now exploring AI's potential to streamline time-intensive writing tasks, such as proposal writing and compliance quality checks. By automating these processes, we're freeing up more time for our team to focus on project management and, most importantly, providing personalized support and interaction with our clients. 

Digital Rapport 

We use AI to create voice clones and analyse data. Out product would not exists but for AI. We use large language models, ChatGPT and machine learning.  

 

Fishbowl 

Most impacted are our customers, where AI integration into our platform(s) is a real tool for enablement. Helping customers make better use of our products by enabling them to get good and substantial information about their own operations. Internally, tools like GPT help in expediting daily problem solving etc 

Gatheroo 

We use AI across all parts of our business, particularly chatgpt and similar generative AI. From content ideas, to processes, to strategy planning, to code (for our Gatheroo software) reviews. We even use AI to generate avatars of ourselves to create training and how-to videos.  

 

Harvey Norman 

We support all ABN Members to transition their business to AI services to support them with their efficiency. We can provide the best AI solution and provide integrations with third party software and provide governance to secure a safe working environment while using AI. 

 

Ignition 

We believe AI presents a huge opportunity to help accounting and bookkeeping professionals run their business more efficiently and improve staff productivity - from automating data analysis to better communicating their value to clients. Our approach is to leverage and incorporate AI strategically within the Ignition platform. Ignition's AI-enabled services enable customers to craft professional and compelling service descriptions to help them sell the value of their services with confidence. Within our own business, we use various AI tools including LLMs like ChatGPT and AI agents to enhance efficiency, allowing our team to focus on delivering higher-value work. 

My Mortgage Freedom 

Assisted in faster processing of reports, technology upgrades, marketing content, formulas for calculating home loan equations and compliance documents.  

 

OFX 

We use AI in a lot of the presentations and email marketing we send out to partners. This still requires a review but the beauty of having a prewritten script allows you to focus more on the bigger picture of the messages you’re trying to get across and tweak the AI prompt until the messaging resembles a close idea of what I would be trying to communicate, instead of spending energy writing out the whole script and then getting into the above which allows me to maximise its impact.  

 

Oncord 

AI is allowing Oncord to help customers with content. Generating a website with Ai as a starting point allows businesses to get set up quickly and easily. We also use language models to help streamline some coding activities, which helps us deliver features faster than ever! 

 

TOA 

AI has been amazing and mainly using copilot and has benefited our business by improving the efficiency we have among our teams. 

Vodafone 

Yes just a little in the way we create info/emails and certain info to pass on.  

 

At ABN, the team deeply values their sponsors and appreciates their partnership and belief in the importance of professional development within the industry. Together, they are paving the way for ongoing growth and innovation.

They would also like to take a moment to recognize each of their valued sponsors.

Major Sponsors  
de Jonge Read and MYOB 
 
Supporter and Taste of South Australia Sponsor  
GoCardless 
 
Event Supporters 
Accountancy Insurance | Annature | ApprovalMax | Australian Payroll Association | AustralianSuper | BGL Corporate Solutions | Clarity Street | Dext | Digital Rapport | Fishbowl | Gatheroo | Harvey Norman Technology for Business | HR Central | Ignition | Intuit QuickBooks | My Mortgage Freedom | OFX | Oncord | Reckon | ACSISS by SISS Data Services | TOA Global | Vodafone Business | XBert | Xero 

Category
ABN
Published
29 Oct 2024
NEXT 2024 Conference Wrap
PREV Switch on Real Rewards with MYOB
Back to news listing

Click here to subscribe