Artificial intelligence in accounting
Artificial intelligence in accounting is revolutionising one of the most important and also most time-consuming tasks within a company. Manual processes are often prone to errors, cost valuable resources and easily lead to bottlenecks.
AI can overcome many of these challenges by automating routine tasks while also offering greater accuracy. But what exactly can artificial intelligence achieve in accounting? And what tools are already available to support companies?
AI in accounting – Revolution in finance
Manual accounting requires a great deal of time, attention and care. Errors can happen easily when receipts are entered manually or calculations are carried out by hand. In addition, financial management often remains rigid and time-consuming, as it lacks automation. This is exactly where the potential of artificial intelligence in accounting lies. Using AI, many of these processes can not only be automated but also made much more efficient.
Automation of routine tasks
AI can automatically record, categorise and archive receipts. This not only saves time but also reduces the risk of inputting errors.
Error reduction
Human errors are minimised by AI, as the software works on the basis of data and algorithms. This increases accuracy and creates greater security.
Real-time data processing
With AI, financial data can be analysed and evaluated in real time. This enables companies to react more quickly to changes and make better decisions.
Which programs use artificial intelligence in accounting?
There are already many programs that use artificial intelligence in accounting. Familiar tools such as DATEV, SAP or Agicap use AI-supported functions to scan receipts and automatically make postings.
These programs offer many advantages, but unfortunately there is currently no complete solution that fully automates and integrates all accounting tasks. Each program has its strengths, but also its limitations.
As an independent financial advisor , we continuously work on finding the best available solutions and individually adapting them to the needs of our clients.
Challenges of manual accounting and how AI overcomes them
When accounting is only carried out manually, errors, delays and bottlenecks can occur. The consequences are often not only frustrating but also costly. Another disadvantage of manual accounting is the huge amount of time it takes, meaning there is less time left for strategic decisions.
Artificial intelligence in accounting solves many of these problems. It automates recurring tasks, analyses financial data and provides support in complying with legal requirements. AI particularly shines when it comes to data processing and analysis: it can recognise patterns that people often miss and thus offer valuable insights.
In addition, AI makes it possible to automatically draft reports and annual financial statements, which speeds up the process and significantly reduces the error rate.
Find the right solution with SHRI
Although there is still no complete solution for artificial intelligence in accounting, we always find the best and most suitable solutions for our clients.
Thanks to our many years of expertise, we combine various tools and programs optimally for your requirements. We provide intensive training so that you can work efficiently and independently in the long term. Our focus lies not only on technology but also on personal contact. We understand your needs and ensure that our solutions offer you time, money and long-term security.
Artificial intelligence in accounting – stay tuned!
Would you like to find out more about how artificial intelligence in accounting can support your company? At SHRI, we are happy to advise you on the best ways to integrate AI into your financial processes.