Automation tools for accounting are helping companies and the fintech sector efficiently

Automation tools are thriving in all kinds of industries across the world for providing smart functionalities efficiently and effectively. The global tech-driven market is leaning towards automation to boost productivity without any potential error. Organizations have started adopting automation tools in different sectors such as sales, accounting, marketing, and many more. The implementation of artificial intelligence in the accounting department has helped organizations to drive profitable growth in the financial sector in the last few years. Let's explore some of the top automation tools for accounting available to use in an organization.

Top automation tools for accounting

Microsoft Dynamics GP

Microsoft Dynamics GP is one of the top automation tools for accounting in 2021 for being the mid-market business accounting software. This automation accounting tool uses a Microsoft SQL server to store real-time financial data in the Dexterity programming language. It is well-known for being a part of the Microsoft Dynamics suite of intelligent business applications. This automation tool is a financial accounting system to meet the requirements of different types of businesses across the world. It is built on the affordable as well as a highly scalable platform of this hi-tech company. Microsoft Dynamics GP provides automation to e-commerce, supply chain, CRM, and many more.

Xero

Xero is known as one of the top automation accounting tools for a business to connect with a bank, accountant, bookkeeper, and many other accounting applications. The implementation of artificial intelligence in accounting helps in multiple functionalities such as paying bills, claiming expenses, connections with banks, accepting payments, tracking projects, bank reconciliation, managing contacts, and many more. The pricing plans are affordable with the utmost safety and security and 24*7 online support.

Zoho Books

Zoho Books is a well-known automation tool for accounting to drive the growth of the financial sector efficiently and effectively. This automation tool helps to manage finances, automate business workflows, as well as work collectively with all departments in an organization. It provides end-to-end accounting and automation on the regular mundane workload for employees to focus on other important areas of the business. There are different kinds of features for receivables, payables, inventory, banking, timesheet, contacts, and reports.

ScaleFactor

ScaleFactor helps to implement artificial intelligence in accounting for eliminating different types of barriers to a financial clarity of a business. It helps to keep accounting accurate, reliable, and secure with certified accounting experts for a piece of financial advice. This automation tool provides hassle-free daily bookkeeping, time-efficient, easy-to-use tools, and many more. It is well-known for offering virtual bookkeeping software to find transactions across multiple accounts and automatically categorize the bulk.

QuickBooks

QuickBooks is one of the top automation tools for accounting to provide the best for the accounts department of a business. There is GST accounting software to create and send professional GST invoices, GST reports, and many more other functionalities. An accountant can manage books anytime through multiple devices with artificial intelligence in accounting.

NetSuite

NetSuite is a popular unified business management suite that encompasses ERP or financials and e-Commerce for over 27,000 customers across the world. It offers a modern and scalable solution to run all key back-office operations and financial business processes in the cloud. The NetSuite OneWorld is focused on delivering an integrated platform that manages multiple currencies, taxation rules, and reporting requirements in multi-subsidiary operations.

BlackLine

BlackLine is known for automating complex and repetitive accounting processes and allowing companies to work beyond record-to-report processes. This automation accounting tool has become a leading provider of cloud software to automate and control financial and accounting processes efficiently and effectively. Companies with not-so-sustainable traditional manual accounting processes leverage artificial intelligence in accounting to boost productivity without any potential error. It helps to unify data and processes by driving accountability through visibility.