Why traditional accounting is no longer sufficient

For a long time, accounting was based on manual processes, spreadsheets, and rigid software solutions. However, with increasing demands for compliance, speed, and accuracy, traditional systems are reaching their limits.

Typical challenges in invoice processing:

• Manual data entry: Finance teams need to review invoices, make entries, and transfer data.

• Lack of automation: OCR solutions extract data but do not understand accounting logic.

• High time consumption: Long approval processes and lack of interfaces slow down accounting.

• Prone to errors: Typographical errors, incorrect entries, and missing invoice allocations cost companies time and money.

Read here about the 5 biggest hidden costs in invoice processing.

How AI is transforming accounting

The recent advances in Artificial Intelligence (AI) make it possible: Autonomous accounting systems take over repetitive tasks and increase efficiency and accuracy.

The benefits of AI in accounting:

✅ Automatic invoice verification: AI detects anomalies, validates data, and reduces errors.

✅ Intelligent coding: Invoices are automatically matched to the correct cost centers and accounts.

✅ Faster approvals: Smart workflows speed up approval processes.

✅ Seamless ERP integration: AI works directly with existing accounting systems.

Finto: The next generation of invoice processing

Finto goes beyond simple automation. Our AI agents understand accounting processes, make intelligent decisions, and optimize processes in real-time.

👉 Experience the future of accounting – try Finto now: