Iris-Ebook-firm-of-2025-V2

An AI-powered
back office
Blockchain
> AI will simplify all of the volume
and process tasks
> All manual processes on older systems
can also be carried out by ‘virtual staff’
> AI will complete all finance processes –
staff will only need to review
> Analysis and reporting will be
completed by virtual assistants
Blockchain is the ultimate end
piece – where all the technology
is heading. The simplest way to
think of blockchain is a new way
of technology, linking everything
together, so that all data is held into
a chain and can be automated and
actions taken off the back of it.
AI will become the power in your back office.
You’ll get rid of all of your manual processes,
because they will all be done by virtual bots.
You’ll also get all of the analysis and reporting
done for you, so you can get on to the really
important information for your clients. Rather
than just telling them their profit for the
year, you’ll be able to give some educated
information, as to what that means and
why that’s so important for them.
And, because your staff will only
have to be reviewing the financial
processes and tasks, rather than
doing them, they will have
more time for client contact
– building
For example, when a client of yours sells goods, the
blockchain will go and automatically update their
purchase orders so that they can go and get new stock,
and work out the logistics automatically to ship the item
for them. It will also update your financial records. And,
at the same time, tell HMRC about all of the information
that’s gone through so they can do the tax calculation.
Suddenly, it all becomes automated.
And, while this technology isn’t proven yet – and, even
then, it’ll be a number of years before it becomes
mainstream – it’s certainly something we should be
thinking about today.
14 Call 0344 225 1525 Visit iris.co.uk Email sales@iris.co.uk
Call 0344 225 1525 Visit iris.co.uk Email sales@iris.co.uk
15