Implementation of Artificial Intelligence (AI)

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Implementation of Artificial Intelligence (AI)

Artificial intelligence (AI) plays a crucial role in the development of technology today, opening up new horizons in various areas of life, from medicine to education. Besides simplifying everyday tasks, it also pushes us to innovate, changing our perception of the possibilities of the future.

 

The use of artificial intelligence in companies offers significant benefits for speeding up routine processes and optimizing employee time. AI allows automating repetitive tasks, freeing up resources to focus on the complex and creative aspects of work. That not only increases productivity but also promotes the development of innovative approaches to solving specific tasks, which also enhances the company's competitiveness at the market.


What to expect from BDO in Ukraine's assistance in implementing AI tools


Implementation fo AI


  • Analyzing the existing system, assessing its capacity, given the specific needs of the company and its IT infrastructure. Based on this analysis, we recommend AI-based products available on the market, such as Chat GPT, Microsoft 365 products, etc., that will best meet business requirements.
  • The process of selecting the appropriate AI tool and implementing it includes integration of the selected AI products with the already configured settings for financial reporting, as well as provision of the detailed instructions and ready-to-use samples.
  • Additionally, we organize training sessions for the company's staff to ensure that they are able to effectively apply AI capabilities to their work from the outset.

Implementation of AI Survey 1

Survey on AI2


The company's specialists will help your business to:

  • Transfer server capacity and employee data to a secure cloud
  • Set up effective remote work
  • Strengthen the company's cybersecurity level


Our approach includes:

  1. Conducting an initial analysis of the infrastructure condition and providing recommendations on the possibilities of migrating to the cloud services and further digital transformation.
  2. Transferring servers to the Microsoft Azure cloud or Western hosting with secure access for employees via VPN.
  3. Providing employees with powerful remote collaboration and cloud storage tools based on Microsoft 365 (Office 365, Exchange Online, Teams, OneDrive, and Sharepoint) + Copilot, an artificial intelligence tool that runs on GPT-4. The main task of this tool is to work with files on a computer and increase the efficiency of work on a PC: creating documents and presentations, editing photos, organizing files, helping during or after meetings in Microsoft Teams, writing an email in Outlook, etc.
  4. Conducting the necessary training for company’s employees.
  5. Providing advice on the current level of cybersecurity and ways to improve data protection.


Examples of how our specialists have already implemented GPTs

GPTs are custom versions of ChatGPT that users can adapt for specific tasks or topics, combining instructions, knowledge and opportunities to automate work and routine processes.

BDO in Ukraine has already developed services to automate the workflows for auditors, analysts, financial experts and accountants. This tool is intended for customized use by specialized professionals and its purpose is to analyze and process financial statements and further recommendations in working with the documents.

 Main functions:

  • Detailed description with explanation of possible reasons for all changes in financial statements lines.
  • A detailed list of potential risks of material misstatement, as well as significant risks of material misstatement for each item of the financial statements; separately identify RMM and SRMM.
  • Formulate a list of matters in accordance with the requirements of IFRS with references to the paragraphs of IFRS standards that need to be clarified during the audit for each item of the submitted financial statements.
  • Identify potential indicators of fraud in the submitted financial statements.
  • Write detailed audit procedures for each item of the submitted financial statements. Also identify RMM, SRMM and procedures to address them.


Therefore, technology is evolving every moment, and what was considered a breakthrough yesterday may become irrelevant tomorrow. In this world of constant change, it’s important not to hesitate. Start applying the power of artificial intelligence to your company's development today. Contact to BDO in Ukraine specialists for additional consultation for effective AI implementation to stay at the forefront of innovation and ensure sustainable business growth.


BDO in Ukraine is an official partner of Microsoft


MS Partner

Key Contact

Andrii Borenkov

Andrii Borenkov

Partner, Head of Advisory
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