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The next frontier in accounting: Autonomous AI agents

Accounting Today

EDT 4 Min Read Facebook Twitter LinkedIn Email AI agents are rightly tipped as the next big stage in artificial intelligence, set to transform several industries, especially accounting. Beyond invoice handling, AI agents can significantly ease tasks such as account reconciliations, audit preparation, fraud detection and cash flow forecasting.

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Finding the Best Invoice Processing Software in 2024

Nanonets

Your accounts payable team – whose main function is to ensure funds are disbursed properly to vendors, business partners, and sometimes customers – processes an exorbitant number of invoices every single week. When done manually, processing an invoice can take days.

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AP Automation Expert Rhonda Greene on Year-End Closing Best Practices

AvidXchange

With automation, you’re able to take people that are doing data, filing, and other mundane tasks, and give them an opportunity to do things like account reconciliation or analysis. I used to have piles of invoices sitting around that I would have to account for and accrue in a spreadsheet.

AP