AI Powered Payroll Processing Is Here to Stay

May 14, 2024, 3:48 PM UTC

By 2030, Artificial Intelligence will power over 60% of payroll systems, a payroll expert said on May 7.

To fully take advantage of the major changes underway, payroll professionals must have a real understanding of what’s coming down the pipeline, said Michael Francis, director of global payroll for SBA Communications.

Demystifying AI

Within the next six years, most payroll systems will be powered by AI, but to what extent? “We’re not sure,” said Francis, speaking at the 42nd Payroll Congress in Nashville. The most important step in embracing AI is to first demystify many of the inaccuracies we associate with ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.