Czech accounting firm This One deployed AI for 40 percent of its work

Accounting consultancy This One, led by Marcela Lonková, says it lets artificial intelligence perform roughly 40 percent of its work. The company employs 25 people, serves approximately 200 clients, will have turnover slightly below 40 million crowns this year according to the figures provided, and invests 10 to 15 percent of revenue in technology annually. Lonková has been pursuing the digitization of accounting since 2015, when she says she encountered skepticism from colleagues in the field.

According to Lonková, work in the offices of This One takes place without paper or a printer. Employees do not check every invoice manually, but focus mainly on documents that the system flags as unusual. The company says it sometimes declines or ends relationships with clients who are unwilling to give up paper-based processes and manual document approval.

Lonková further claims that recording documents in the accounts is now only a small part of the accounting service, while clients increasingly request quick reports, integration of accounting with other systems, and automated approval. In her view, secondary schools are not sufficiently prepared for this, as they still teach accounting primarily through traditional bookkeeping, so the company tends to recruit university students instead.

The source text is incomplete, so further details about employee recruitment and training are missing from this summary. You can find details in the source article.