AI-powered accounting tools are transforming financial management by automating bookkeeping, expense tracking, and compliance, with startups like Trullion, Fazeshift, Ramp, Zeni.ai, and Docyt leading the way.
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Tax season is here, and for businesses, that means long hours spent poring over financial records, chasing invoices, and making sure everything is in order. But thanks to artificial intelligence, managing finances is getting smarter and more efficient. AI-powered accounting tools can automate tedious tasks, reduce errors, and help businesses stay on top of their books.
Here are five AI-driven accounting startups that are transforming how businesses handle their finances…
Domain: trullion.com
Total Raised To Date: $34 million
Core Products: Automated accounting, revenue recognition, lease accounting
What They Do: Trullion uses AI to analyse contracts, invoices, and financial documents, automatically translating them into real-time revenue and lease accounting data. The platform helps finance teams streamline compliance and reporting while
reducing manual errors.
Domain: fazeshift.com
Total Raised To Date: Undisclosed
Core Products: Automated bookkeeping, AI-driven financial reconciliation
What They Do: Fazeshift automates bookkeeping with AI-powered reconciliation, categorisation, and financial reporting. It helps businesses cut down on manual data entry and ensures accuracy in their accounting records.
Domain: ramp.com
Total Raised To Date: $1.4 billion
Core Products: Expense management, automated accounting, corporate cards
What They Do: Ramp is an AI-powered finance platform that offers corporate cards, automated expense management, and real-time accounting integrations. It helps businesses track spending, optimize costs, and streamline financial workflows.
Domain: zeni.ai
Total Raised To Date: $47.5 million
Core Products: AI-driven bookkeeping, CFO services, financial reportingWhat They Do: Zeni.ai offers AI-powered bookkeeping and financial services, acting as a virtual CFO for startups and small businesses. The platform automates transaction categorisation, reconciliations, and real-time reporting.
Domain: docyt.com
Total Raised To Date: $12.4 million
Core Products: Automated bookkeeping, real-time financial insights, expense management
What They Do: Docyt automates bookkeeping by using AI to extract data from receipts, invoices, and bank statements. It provides real-time financial reporting and helps businesses keep their books updated with minimal manual effort.
AI-driven accounting platforms are proving to be game-changers for businesses looking to streamline their financial operations. Whether it’s automating bookkeeping, managing expenses, or ensuring compliance, these startups are at the forefront of innovation in the accounting industry. Keep an eye on them as they continue to revolutionise financial management!
