AI Accounting software
Updated: June 29, 2019
2019. Georges raises $11.2 million for its accounting automation tool
Georges, a French startup wants to help freelancers, doctors and lawyers when it comes to accounting. With Georges, you can get rid of your accountant altogether and switch to a software-as-a-service product. The product is dead simple. First, you connect Georges with your professional bank account. The company leverages Bankin’ to connect to the vast majority of French banks. After that, Georges automatically tags revenue and expenses to calculate your annual revenue, VAT, etc. It’s not perfect so you still have to manually categorize some transactions. But it’s still much faster than entering each transaction in an accounting application. Once everything is tagged properly, Georges generates paperwork and sends it to tax authorities. The company competes with more traditional software solutions, such as BNC Express. With a bit of machine-learning, Georges could quickly become much more efficient than those legacy tools.
2018. Zoho gets virtual assistant and analytics upgrades
Zoho has unveiled a range of updates to Zoho One, its all-in-one cloud app suite, with new analytics capabilities and access to its Zia AI assistant. Zia was initially available within Zoho’s CRM tool, offering suggestions to sales reps based on customer data. It will now be extended across all Zoho One apps, offering contextual information from a variety of sources. For instance, Zia can pull data from Zoho CRM and service desk tool Zoho Desk to inform users of how many customers in the sales pipeline have an open support ticket. Customers will be able to ask Zia things that cross a number of apps, and get a response back that may have come from Zia working behind the scenes with multiple Zoho One apps to get the answer.