Blogs

Data suggest that about 72% of businesses surveyed already used or planned to use Artificial Intelligence in their financial reporting. 99% of companies are expected to adapt AI in reporting operations in the next three years. You might be surprised to know that 100%...

The role of Chief Financial Officers (CFOs) is largely redefined today, and a big part of this change is due to the advancements in AI in finance. No longer just a trend, AI in finance is a powerful tool transforming the financial world. For CFOs, this means new ways...

Introduction In the business world, understanding the intricacies of financial statements has never been more critical. Financial statements provide a snapshot of a company's financial health, guiding decisions for stakeholders from investors to managers. But as these...

In today’s world, data is the new goldmine. Not only does it keep all operations flowing seamlessly it also acts as the cornerstone for smart decision-making and optimising ROI to its best potential. Yet, the conventional methods of manual data entry are increasingly...

The International Data Corporation’s report highlights a profound shift in global business dynamics. The global spends on AI soared to an unprecedented $154 bn in 2023. Projections indicate a robust CAGR of 26.9%, poised to reach $300 billion by 2026. This surge in...

The alliance between artificial intelligence (AI) and the financial world paints a vivid picture of the evolving business landscape. Predictions suggest that AI in the Accounting industry will grow 30% year on year from 2023 to 2027. If we focus on the current year,...

Businesses often personify the proverbial Jack of all trades when they try to manage all their accounting, invoicing and taxation operations in-house. But why not concentrate on core business processes and avoid being the master of none? If not in-house, businesses...

The way artificial intelligence (AI) integrates within the financial realm goes beyond being a transient trend—it signifies a transformative journey, addressing the distinct challenges and seizing the opportunities inherent in the ecosystem. Forecasts indicate a...