INTRODUCING ALERT NUMBERS LEARNT

OUR INNOVATIVE TECHNOLOGY

The Possibilities Are Endless

I came up with this idea of an accounting app that plugs into the other cloud based software because of an old co-worker that a plant manager of a different plant back when I used to work at Maryland and Virginia milk Producers Cooperative Association. He was also the president of the Dairy Technology Society of Maryland and the District of Columbia. He came from a science background as opposed to accounting or finance. Even though he had several office administrator, accounting employees working under him, there were several reports that he would manually enter all the data himself. He said that entering in the data manually helped him to learn the numbers or to understand his numbers and what makes up those numbers on the final reports. 

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As we as accounting and finance professionals rely more and more on robotics or RPA and other automation's now and going into the future, that "wax on, wax off" methodology of preparation analysis and better understanding of what makes up knowledge of numbers analysis. That's where the software application alert numbers learnt can fill in the knowledge gap of the old way and the new way. It alerts your manager or the business owners that you have learnt or analyzed the underlying numbers and the final numbers of certain reports or areas of responsibility. This makes it possible to still have other eyes or outside eyes, all seeing eyes, another set of eyes (which many clients will tell you is one of the main benefits of going to an accounting firm and having them review their books, Financials, and complete tax returns) while still having your automation robotics or RPA doing data entry or other tasks which leaves less errors, better consistency and timeliness. If automation keeps progressing, it may only be a matter of time before accountants and finance professionals are just a blend of software programmers, technicians, and analysts. Having software verify that your analyst know your numbers and know what makes up your numbers. 

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While the Prototype is still under construction I have already pitched this idea to a software development company headquartered Washington DC that has some experience with the learning elements that make up the business idea, software product. I also recently went to a venture capital pitching contest in Washington DC with George Washington University and John's Hopkins University. I pitched over 10 product and business ideas, this being one of them and made numerous contacts with Venture capital and other seed funds. 

To be continued...