AI Automation
Cora Accounting offers AI Automation services, helping businesses bring artificial intelligence and automation into their finance and accounting processes to save time, cut errors, and free up their teams for higher-value work. Here is a list of key services that can be offered:
Automated Bookkeeping: Using AI tools to capture and record day-to-day transactions automatically, from invoices and receipts to bank feeds. Reducing manual data entry and keeping records accurate and up to date.
Accounts Payable Automation: Automating supplier invoice capture, coding, approval workflows, and payment scheduling. Cutting processing time and reducing the risk of late payments or duplicate entries.
Accounts Receivable Automation: Setting up automated invoicing, payment reminders, and credit control. Helping businesses get paid faster and spend less time chasing payments.
Bank Reconciliation Automation: Using AI to match transactions against bank statements quickly and accurately. Flagging discrepancies early so the books stay clean and reconciled.
Payroll Automation: Streamlining payroll from data collection through to payslips and submissions. Reducing manual effort while staying compliant with HMRC requirements.
Automated Financial Reporting: Building live dashboards and reports that pull data straight from your systems. Giving you real-time visibility of performance without waiting for month-end.
AI-Powered Forecasting: Applying AI to forecast cash flow, revenue, and costs based on your actual data. Helping you plan ahead with more confidence and spot issues before they arise.
Document Processing and Data Extraction: Using AI and OCR to pull information from PDFs, receipts, and contracts automatically. Turning paperwork into usable data in seconds rather than hours.
Workflow and Systems Integration: Connecting your accounting software, banking, and other tools so data flows automatically between them. Removing manual transfers and double handling.
AI Implementation and Support: Helping businesses choose, set up, and get the most from the right AI tools for their finance function. Providing training, proper controls, and ongoing support so the technology delivers real results.