future-proof your finance career: AI is here.

tl;dr:

• automation and AI are changing the F&A landscape, handling routine tasks like bank reconciliation and data analysis.
• the demand for finance professionals with digital skills is growing rapidly.
• to future-proof your career, focus on embracing technology, enhancing digital and communication skills, understanding AI ethics, and being adaptable.
• polish companies are already adopting AI, which means professionals must adapt to new roles and responsibilities.
• increasingly frequent and broader reporting to the tax authorities requires precisely and quickly verified data, AI can help with this

are you ready for the future of finance? 

Imagine a world where tedious tasks like bank reconciliation and data analysis are handled by artificial intelligence. Sounds like sci-fi? Well, this is already happening in Poland and across the globe, transforming the finance and accounting landscape at lightning speed. In fact, according to a recent report, a significant portion of Polish companies have already started investing in AI, with a focus on automating and optimilazing financial processes. 

The question is: are you ready for this future that's already here? Are you "future-proof" in your role?

If you're still not convinced that this applies to you, consider this: the demand for finance professionals with digital skills is skyrocketing. Opportunities for those with expertise in AI and automation are growing rapidly.

Automation is now seen as a key driver of value in financial reporting and technical accounting, with a high proportion of professionals expecting to automate processes in the near future. 

so, how can you prepare for this new reality?

The future of finance and accounting requires constant adaptation and upskilling. To stay competitive, you need to:

embrace technology.

Get to grips with the technologies shaping the sector, such as Robotic Process Automation (RPA) and AI-powered data analysis. 

Universities, like the Warsaw School of Economics, often offer courses and postgraduate studies in business analytics and digital finance. Certifications from organisations like ACCA or CIMA are also great ways to stay ahead of the curve.

boost your digital skills.

Acquire new skills like data analysis, programming (Python and R are particularly valuable), database management, and data visualisation. The ability to interpret and use data will be critical for success, moving you from a number-cruncher to a strategic business partner.

sharpen your communication skills.

AI might be automating tasks, but human communication is still key. Develop strong communication skills to work effectively in teams, collaborate with colleagues, and present insights clearly and persuasively. "I'm just good with numbers" won't cut it anymore!

understand AI ethics.

Artificial intelligence raises important ethical questions, especially given KNF regulations on the use of new technologies. Get to know the challenges associated with AI, such as algorithmic bias and data privacy, and stay informed about your company's AI policies. AI has huge potential, but recognising its limitations is crucial for responsible use.

be adaptable and curious. 

The world of finance is constantly evolving. Stay up-to-date with the latest technology trends and understand their potential impact on your area of expertise, as well as relevant regulations and business practices. Curiosity is a critical skill that encourages continuous learning and helps you adapt to change.

The future of finance and accounting is being written now, and you can be a part of it. Embrace this evolution, seize development opportunities, and ensure your competitiveness in the Polish job market.