Febi.aiBlogs
Impact of AI on Financial Decision-Making for Startup CEOs and CFOs
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...
AI in Finance and Accounting
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,...
Choosing an AI Accounting Software for Your Business: Ultimate Guide in 2024
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...
AI Reshaping Finance and Accounting
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...
Top 10 Advantages of Implementing Accounting Automation for Your Business
Over the past year, 57% of businesses have actively pursued cost-cutting measures, finding and slashing inefficiencies across procedures, risk management, and time utilisation. If you, too, are a part of this drive to optimise expenses yet haven’t explored accounting...
Accounting Trends to Watch for 2024
As we settle into the second quarter of 2024, the financial world is experiencing shifts, compelling businesses and professionals to adapt to change. Reflecting on the diverse economic paths of 2023, it's crucial to decipher the guiding principles that lead us to a...