Australian small businesses are ditching the busywork and turning to cutting-edge tech like artificial intelligence (AI) and automation. A recent NAB SME Business Insights report reveals nearly a quarter (23%) have already invested, with another 20% planning to join the wave.
So, what’s driving this surge?
For many SMEs, it’s all about efficiency. Imagine saying goodbye to tedious tasks like data entry and paperwork! AI and automation can handle those repetitive chores, freeing you up to focus on what truly matters – growing your business and building strong customer relationships.
Around 40% of SMEs believe AI will boost their profits, while a third think it might even reduce their need for certain administrative roles. That’s good news for both your bottom line and your workload!
Not all SMEs are on board just yet. The report highlights some common roadblocks:
AndyBat is your friendly neighbourhood accounting bot. Think of him as your personal accounting whiz, minus the hefty fees.
Here’s how AndyBat can help you overcome those barriers and leverage the power of automation:
AndyBat integrates seamlessly with popular accounting software like Xero and WorkflowMax. This means he can work alongside your existing systems, making the transition smooth and efficient.
All of AndyBat’s actions are monitored and reviewed, and you can see a log of everything he’s done. Think of him as a transparent and accountable assistant, always working under your (and a professional accountant’s) supervision.
Don’t get left behind! SMEs across Australia are embracing AI and automation to streamline their businesses and boost their profits. With AndyBat by your side, you can too.
Source: Tailored Accounts
The rise of generative AI, like ChatGPT, Gemini, and Copilot, has businesses buzzing with possibilities. We now live in a world where AI can whip up marketing content that reads like Shakespeare, translate complex legal jargon in seconds, and even write lines of code to streamline your workflow. However, before diving headfirst into this exciting new frontier, let’s talk ethics.
As a small business owner in Australia, navigating tax regulations can be overwhelming. However, the government offers various concessions to ease this burden and support your growth.
This article provides a clear overview of three key tax concessions available to eligible small businesses.
Are you an innovative small or medium enterprise (SME) with a burning ambition to grow? Do you have a game-changing product, process, or service that aligns with Australia’s key industries? The Industry Growth Program is here to help you take your business to the next level!
This government initiative provides tailored advice, expert mentorship, and generous grant funding to fuel the growth of innovative SMEs.
