- Published on July 18, 2024
- In AI Trends
Top 10 AI Tools for Finance and Accounting in 2024
These tools offer accounting solutions, automate payable processes, categorise transactions, and provide a more efficient way of accounting.
Image by Nikhil Kumar
- By Gopika Raj
The State of AI in Accounting Report 2024, which explores the impact of AI on the accounting profession based on insights from 595 professionals, forecasts significant changes in the accounting industry thanks to AI.Â
A staggering 71% of respondents foresee substantial transformation driven by AI. Despite this enthusiasm, the report reveals a notable gap: while 82% of accountants express interest or excitement about AI, only 25% actively invest in AI training for their teams.
Moreover, the report identifies three primary areas where AI is being utilised by accounting professionals: communication, task automation, and research.
Currently, 59% of accountants use AI to compose emails, 36% to automate workflows, and 31% leverage AI tools for research purposes, highlighting the
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Gopika Raj
With a Master's degree in Journalism & Mass Communication, Gopika Raj infuses her technical writing with a distinctive flair. Intrigued by advancements in AI technology and its future prospects, her writing offers a fresh perspective in the tech domain, captivating readers along the way.
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