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AI IS YOUR ACCOUNTING TEAM’S TIRELESS TEAMMATE.


AI-ENABLED INSIGHTS AND WORKFLOWS ARE EMPOWERING ACCOUNTANTS TO MAKE MORE
INFORMED DECISIONS FASTER.



AI IS YOUR ACCOUNTING TEAM’S TIRELESS TEAMMATE.


AI-ENABLED INSIGHTS AND WORKFLOWS ARE EMPOWERING ACCOUNTANTS TO MAKE MORE
INFORMED DECISIONS FASTER.




WHY ACCOUNTANTS ARE USING AI FOR INSIGHTS AND AUTOMATION.


Artificial intelligence is a complement to human intelligence. Regarding
accounting and spend management, AI can dramatically elevate your accounting
team’s efficiency and decision-making power.

Imagine you had an extra accounting teammate (or 10) that could make suggestions
for workflow improvement, give you context around financial performance, and
surface insights and trends that help you make strategic, money-saving decisions
quickly. AI makes that possible.

Today's AI can run queries you propose and give you answers to well-structured
questions. The difference between today's AI and next-gen AI is that the latter
will tell you the questions you don't know you should be asking — and then tell
you the answers.


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THE POTENTIAL OF AI-ENABLED FINANCE.


AI-led finance technology is a powerful set of tools that can augment the
capabilities of today’s accountants in both midmarket and enterprise companies.

It can help accounting teams do their jobs better and extrapolate new
opportunities efficiently based on the work you’ve already done. Think of AI as
another tool in your toolkit for making data-driven decisions and optimizing the
efficiency of your existing financial processes.

For example, by way of suggestions, AI is capable of generating smart memos and
budget selections, as well as speeding up approval workflows. Advanced
AI-powered analysis can benchmark your business performance in your industry by
comparing your spend data to that of similar companies. And it can surface
real-time insights according to your spending and answer critical questions that
allow you to adjust tactics on the fly.

Essentially, AI can be as capable as the best external firm you can hire in the
industry and can instantly and perfectly internalize every single data point in
your company — a monumental task you'd need to pay an army of associates to pore
over the books to accomplish.

That is the true power of next-gen AI, and it's what we're working to build here
at Brex using the latest language-learning model (LLM) technologies, in
conjunction with our industry-leading partners.


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FIVE BENEFITS OF USING AI IN ACCOUNTING.


Artificial intelligence creates opportunities and efficiencies that accountants
and controllers may not have imagined even a few years ago. Here are the primary
five that we’re seeing today, and expect to increase in the near future:

1. Improved data accuracy and processing speed.
With advanced algorithms and machine learning capabilities, AI can efficiently
handle large volumes of financial data, reducing the risk of errors and ensuring
its integrity. Accountants can focus on analyzing insights and making strategic
decisions rather than getting bogged down in manual data entry and spreadsheet
analysis.

2. Predictive analytics for better financial forecasting.
AI can provide valuable insights into future revenue, expenses, and market
conditions by assessing financial data and identifying trends. Armed with this
information, accountants can make well-informed decisions, optimize budget
allocation, and develop more effective financial strategies.

3. Enhanced fraud detection and risk management.
By analyzing historical data patterns quickly and accurately, AI is able to
identify suspicious patterns and activities and alert accountants to investigate
further. This proactive approach to fraud detection strengthens internal
controls and minimizes financial risks for midmarket and enterprise companies,
safeguarding their financial health.

4. Personalized financial advice and client support.
AI can use data and financial goals to generate tailored recommendations and
insights, then accountants can use this information to offer strategic guidance
to their leadership and help optimize financial plans. This personalized
approach strengthens relationships with internal clients and distinguishes
midmarket and enterprise accounting as transformation leaders.

5. Streamlined and automated accounting processes.
By automating repetitive and time-consuming accounting tasks, such as invoice
processing, expense categorization, and reconciliation, AI can help accountants
close the books in real time while saving hours and staying focused on
value-added activities like financial analysis and strategy development.


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EMBRACE THE AI REVOLUTION IN ACCOUNTING.


AI-assisted finance technology is a powerful ally to controllers and accountants
that can help you do more with less, which is welcome news given the ongoing
accountant shortage. By harnessing the potential of AI, accounting teams in
midmarket and enterprise companies can improve data accuracy, detect fraud,
enhance financial forecasting, automate processes, and offer personalized
financial advice. Embracing AI as a copilot empowers accountants to thrive in an
increasingly data-driven and dynamic financial landscape, delivering greater
value to their organizations and clients.



FOR MORE ON HOW TO UNIFY YOUR SPEND ON ONE AI-ENABLED PLATFORM, READ OUR WHITE
PAPER.





FOR MORE ON HOW TO UNIFY YOUR SPEND ON ONE AI-ENABLED PLATFORM, READ OUR WHITE
PAPER.





SEE WHAT BREX CAN DO FOR YOU.


Learn how our spend platform can increase the strategic impact of your finance
team and future-proof your company.


Contact salesOpen an account


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