Wondering why AI is a hot topic these days? In this episode, I’ll explain how AI can be properly integrated into a firm’s operations and how it can increase business growth and competitiveness.
Listen Below.
00:35 – I received a question from a LinkedIn user on how I see AI playing out this year for accounting firms and how we should be positioning ourselves to win using it.
1:30 – The thing that’s gotten the most hype in recent days is ChatGPT, developed by OpenAI, which could interact with you in a highly sophisticated conversational way.
1:52 – A good example of this is a Twitter user who had ChatGPT compose their “Welcome to Tax Season” letter and other users getting accurate answers to their accounting questions.
2:20 – I shared my firm’s back story of being the first to accept crypto as payment, which demonstrates our willingness to embrace technology trends.
3:43 – I talked about my approach when spotting an upcoming trend and being ahead of the pack.
4:10 – AI will have a large impact on our lives and our businesses. Have the team learn and use AI by signing up for a ChatGPT account and doing one AI-generated task a week.
5:20 – AI is mostly being used for marketing right now, so if you want to use it more for your firm, you should focus on how it can help you with that.
5:35 – You can use AI in your firm now and prepare for when AI plays a bigger part in what we do as bookkeepers, accountants, tax specialists, and consultants. It’s best to be ahead of the curve rather than behind it.
Liked This Episode? Subscribe to More Here:
Ryan Lazanis
Hi! I'm Ryan. I’m an entrepreneurial CPA that founded Xen Accounting, a 100% cloud-based accounting firm, in 2013. Following its acquisition in 2018, I started Future Firm to help accountants fast-track the growth of a modern, scalable accounting firm of their own.
Here are 3 ways for how you can fast-track your own modern, scalable firm:
1) Get my weekly newsletter that gives tips & trick to scale your firm.
2) Subscribe to the Future Firm Accounting Podcast for bite-sized, actionable lessons on how to scale your firm.
3) Join Future Firm Accelerate, my online coaching program that helps modern firm owners quickly scale.