320 AI-Developed Software - A Productivity Unlock for Accountants?
Sep 6, 2024
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Riley Brown, a software builder and Twitter innovator, joins to discuss the game-changing impact of AI on software development. He highlights tools like Cursor that enable even non-coders to create applications effortlessly. The conversation shifts to strategies for accountants to attract better clients and improve processes using technology like LiveFlow. Brown also tackles the complexities of client segmentation and emphasizes the importance of consistent content creation for audience engagement.
AI tools like Cursor enable accountants to develop custom software solutions, enhancing their role as valuable partners for SMBs.
Traditional pricing models are inadequate; focusing on market demand and client relationships can lead to optimized services and profitability.
Deep dives
Democratization of Software Development
A groundbreaking development in AI has led to a tool called Cursor, enabling individuals without coding skills to create software using AI-generated code. This advancement raises significant questions about the role of professionals like accountants, who are likely to become key players in creating custom solutions tailored to specific business needs. The ability for accountants, who possess a deep understanding of intricate data integration problems, to develop software solutions could revolutionize their work processes and the services they provide to clients. As this technology further evolves, the implications for efficiency and access to bespoke solutions will likely shift the landscape of software development.
The Role of Accountants in Innovation
Accountants are positioned to lead the charge in embracing new AI tools, much like they did during earlier technological shifts such as cloud adoption. As small and medium-sized businesses (SMBs) look for innovative solutions, accountants might find themselves not just managing numbers but also facilitating the implementation of these new AI tools. The potential for accountants to leverage their expertise and knowledge to guide clients through these innovations can create more meaningful relationships and engagement with their clients. This could lead to an evolution where accountants are seen as valuable partners in navigating technological advancements rather than just service providers.
The Shift in Professional Pricing Models
A discussion on pricing methods reveals that traditional pricing models in professional services may no longer be sufficient to capture the true value of what clients are willing to pay. Shifting focus from pricing obsession to understanding market demand can allow firms to optimize their services and pricing structures accordingly. Emphasizing volume and client relationships, rather than solely on pricing strategies, could lead to a more sustainable business model. Ultimately, finding the right balance between perceived value and pricing offers can enhance profitability and client satisfaction.
Leveraging AI for Custom Solutions
The use of AI tools, such as Claude's artifact feature, allows users to generate code and create functional applications in a streamlined manner, which can address specific business needs efficiently. This capability provides professionals with the tools to automate tedious tasks and develop customized solutions without requiring extensive technical expertise. For accountants, implementing AI-driven solutions can significantly reduce manual work, such as reconciling transactions, and empower them to deliver more value to their clients. This evolution in developing custom applications presents a lucrative opportunity for accountants to build specialized practices around solving niche problems unique to their clients.
Riley Brown, a guy on Twitter building software without writing code https://twitter.com/rileybrown_ai
Karbon Practice Marketplace https://karbonhq.com/practicemarketplace
Spam Noah’s LinkedIn post here https://www.linkedin.com/posts/noahskiles_today-on-jason-daily-jason-staats-cpa-talked-activity-7235268474950840320-Kw1F
🫠 Are you stuck in a legacy firm? Over 100 progressive firms are looking for accountants like you on Jason’s job placement platform: https://jason.careers/
🗣️ Continue the discussion on social! Twitter https://twitter.com/JStaatsCPA LinkedIn https://www.linkedin.com/in/jstaats/ YouTube https://www.youtube.com/@jasoncpa
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