However, the survey also showed increasing adoption rates among smaller firms, indicating the democratization of technologies that were previously only accessible to very large enterprises.
As finance and accounting teams face growing pressures to provide real-time insights, automate routine work, and free up resources for higher value activities, automated bookkeeping and AI-based solutions have emerged as powerful enablers of digital transformation. IBN Tech is at the forefront of this shift, leveraging the latest advances in machine learning, AI, and process automation to revolutionize how businesses manage their financial operations.
“The results from Gartner validate what we’ve been seeing – there is strong, growing demand from organizations of all sizes that want to digitally transform their back-office finance processes through AI,” said Ajay Mehta, CEO of IBN Tech. “Manual, repetitive tasks like data entry, invoice processing and bookkeeping are ripe for automation. Our solutions are helping businesses realize the benefits of more accurate, efficient operations so finance teams can spend more time on strategic initiatives.”
IBN Tech’s AI bookkeeping automation leverages advanced machine learning models to digitize invoice and receipt processing, extract key data elements, classify expenses, and automatically populate accounting entries – eliminating labor-intensive manual tasks. Integrations with popular accounting software like QuickBooks, Xero, and Sage Intacct ensure a seamless experience. By automating routine bookkeeping work, IBN Tech enables finance & accounting teams to focus on higher value activities like analytics, forecasting, and strategic decision support.
Gartner’s survey also found that the most popular initial use cases for AI in finance are accounts payable/receivable automation, financial planning and analysis, and record-to-report activities – all areas where IBN Tech has extensive experience delivering proven results. IBN Tech solutions are also cloud-based, allowing customers to start with a focused pilot and then seamlessly scale deployments as needs change or new opportunities emerge.
As the Gartner survey indicates, automation is becoming mainstream across finance functions as a driver of both operational efficiency and strategic advantage. IBN Tech continues to lead this shift by empowering organizations of all sizes to future-proof their operations through next-generation bookkeeping solutions powered by advanced technologies.