Applied Artificial Intelligence: An Introduction For Business Leaders

by Mariya Yao

13. General and Administrative General and administrative units such as Finance, Legal, and Business Operations are often underappreciated because they do not generate revenue. However, these functions perform some of the most critical jobs within the company, such as keeping track of the money that Sales bring in, using that money to pay for the ads that Marketing will use to attract new leads, and keeping a wary eye out for regulatory and legal hurdles that Product Management may have to address. General and administrative roles are riddled with tedious but critical tasks such as manual data entry, which requires extreme precision. The exponentially-increasing volume of data combined with limits on the human capacity for sustained attention to detail is a recipe for corporate disaster. Fortunately, computers do not tire and excel at repetitive tasks where attention to detail is essential. Finance and Accounting Instead of forcing your human employees to spend hours over a spreadsheet to audit financial line items for duplicates, errors, expense abuses, and spending anomalies, you can use natural language processing software such as AppZen to automate expense management for accountants and controllers. This cuts down on the possibility of error and removes the most tedious parts of an accounting professional’s job. For employees who must regularly submit expense reports, Expensify saves time and cuts down on error by streamlining business travel booking and expense report...