AI in Accounting III – How Accounting Firms Use AI Tools & Key Practical Applications

EFAA for SMEs published the next guide in our AI series. AI adoption in accounting is growing but still limited—only 14% of firms have a defined AI strategy. SMPs and SMEs can gain efficiency through practical applications such as bank reconciliation, invoice processing, document analysis, and fraud detection, all powered by AI automation and machine learning. These tools reduce manual work, improve accuracy, and free up time for advisory services.

Please note that the guide is accessible to members only.