17 AI Tools for Finance and Accounting Professionals in 2025

Some of the best AI tools for finance and accounting include AlphaSense, Ascent, Trillion, Vic.ai, Karbon, Highradius, etc. These tools are used for research, data, compliance, auditing, invoice processing, ERP integrations, and more. These tools also automate bookkeeping, streamline financial reporting, enhance forecasting, and support compliance, enabling accounting firms to boost productivity, reduce errors, and focus on strategic insights. 

In this blog, you will discover 17 of the best AI tools for finance and accounting. These tools enhance accuracy and efficiency, reduce manual labor, and unlock strategic insights and ease of operation for your CPA firm. 

What is AI in Accounting?

AI in accounting helps automate repetitive tasks, which saves time and reduces human error. It uses smart tools like machine learning, natural language processing, and generative AI.

These technologies help accountants work faster, smarter, and more accurately. AI can process huge amounts of data in seconds.

It identifies patterns, spots errors, and helps with accurate predictions and insights. AI tools extract useful information from both structured (like spreadsheets) and unstructured data (like emails). They can automatically handle data entry, match transactions, and prepare reports.

Some Statistics on the Use of AI in Accounting Firms

Using the best AI tools for finance and accounting builds collaboration by enhancing efficiency and reducing errors. Some of the tasks that accounting firms are now able to do much more easily and quickly include data summarization, payroll, forecasting, fraud detection, and automation. 

While it is a myth that AI will replace a majority of jobs, the truth is that it guides accounting and finance professionals towards strategic prowess. If you wonder how to overcome the challenges of accounting staffing, AI tools could be a solution.

Here are some recent data and facts on AI in accounting firms:

• 71% of accounting professionals foresee AI significantly transforming the accounting landscape.

• AI in accounting is expected to grow at a 30% annual rate through 2027, says Mordor Intelligence.

• 80% of CFOs plan to increase their AI investments within the next two years, according to Gartner.

• AI tools are already in use across firms, nonprofits, government agencies (like GSA), and public accounting firms.

• The World Economic Forum highlights growing demand for digital transformation and firm development roles amid rising AI adoption.

Application of AI in Finance

AI in finance helps organizations better understand performance through data analytics, measures performance, applies prediction and forecasting, conducts live calculations, services customers, performs intelligent data searches, etc. 

AI is a way for financial services organizations to understand markets and customers, analyze, and learn from digital journeys, and "engage" like human intelligence and human interaction, albeit at scale. Here are applications of AI in finance:

Speech Recognition

Accounting, finance, and insurance firms can use speech recognition solutions to improve workflows and speed up documentation without changing their work practices or technology infrastructure.

Some of the benefits are:

• Faster documentation. Speech is typically 3-5 times faster than typing, so when you use speech to create documents, you'll do it faster.
• Improved workflow, saving time. By eliminating time-consuming processes such as editing and correcting documents, document creation can happen dramatically faster.
• More senior accounting and financial management professionals are focusing their time on high-income billable work.

Anomaly Detection

Anomaly detection is the identification of specific points, transactions, or traits that are not consistent with the norm in data. Although there can be many types of anomalies, in finance, these can indicate fraud, errors, inefficiency, and many other types of irregularities that may attract the attention of authorities overseeing financial transactions. Here are reasons why anomaly detection is important in financial transactions:

• Fraud Detection: Detecting anomalies in financial transactions related to patterns is the first step in preventing fraud-related monetary losses. 
• Regulation: Successful firms must always conduct their finances in a legal and compliant manner. 
• Efficiency: Timely anomalies detected in errors help firms to correct any issue, which provides the industry the opportunity to determine the source of the mistakes before too many errors have been made.

Translation

Financial materials like prospectuses, annual reports, and legal documents often contain complex terminology, legalese, and industry-specific terminology that can be very difficult to translate accurately without thorough expertise. An accurate translation is essential in the financial industry for several important reasons:

1. Risk Reduction

• Financial documents are packed with exact language and legalese. 
• Mistakes in translation can lead to confusion, misunderstanding of contracts, and ultimately loss of money.

2. Regulatory Compliance

• The translated documents need to adhere to the regulations in each locality.
• Accurate translations help ensure that institutions operate according to each of these regulations and follow the applicable laws.

3. Establishing Trust

• By allowing clients to reference information and contracts in their language, institutions have taken an important step toward establishing professional trust and transparency. 
• Accurate translations are a show of professionalism and establish rapport with clients.

4. Expansion

• Accurate translations allow an institution to connect with its international investors, customers, and partners. 
• This opens the doors to new markets and, ultimately, new opportunities for growth.

Watch how Bloomberg uses Google Translate to share breaking news with the world

Image Recognition

AI solutions have been developed to tackle some of the hardest problems for data capture at scale. They extract structured information from unstructured documents to help reduce processing costs and improve firm speed and efficiency. 

The development of new parsers for identity processing can help solve one of the most commonly requested document processing needs by our financial services or public sector customers.

Challenges of AI to Consider in Finance and Accounting

As per Mordor Intelligence, the market for AI in accounting is estimated at $4.73 billion in 2024 and is anticipated to grow to $26.66 billion by 2029, with a compound annual growth rate (CAGR) of 41.27% from 2024 to 2029.

Challenges and ethical dilemmas become increasingly pronounced as AI gains traction within the accounting profession. Their importance cannot be overstated in ensuring that AI technologies are employed responsibly and appropriately. Here are some challenges and ethical considerations of AI:

Data Privacy and Security

One of the major challenges for AI in accounting is maintaining confidentiality and protecting sensitive financial information. AI systems collect considerable amounts of private data, which makes them targets for cyberattacks. Therefore, it is essential to create strong security efforts to prevent any type of unauthorized access, breach, or attack on personal data.

Bias and Fairness

AI can inherit bias from the data it uses to train, which can lead to unfair decision-making. In accounting, this could mean distorted financial analysis or recommendations. Therefore, it is crucial to identify and mitigate bias in accounting AI systems so that AI can make impartial decisions.

Transparency

AI systems, especially those driven by complex models such as neural networks, can be considered "black boxes" as it is exceedingly difficult to understand how they reach decisions. 

By the way, this can be considered legitimate challenge for accounting, as records ought to be transparent and yet comprehensible. Here, transparent AI solutions should make this possible.

Ethical Use of AI

Ensuring the ethical utilization of AI is essential. This means avoiding fraudulent behaviors, being transparent, and showing extraordinary professionalism. Following ethical protocols and standards is critical for establishing trust with AI systems and their outputs . 

Regulatory Compliance

Any use of AI in the accounting profession must be regulatory and standards-compliant. This includes Regulation, Standards, and guidance on technologies like GDPR and SOXA - the provisions of which are robust and once again, AI systems functioning in the industry must be regulatory compliant.

17 Best AI Tools for Finance and Accounting

This section provides a list of 17 AI tools for finance and accounting, along with their key features.

1. AlphaSense

AlphaSense is a search and market intelligence platform that has experienced tremendous growth in the past few years. AlphaSense has an AI solution with a financial-specific use case that allows accounting and finance teams to have a more structured approach to researching and analyzing market trends, asset management, investments, corporate banking, private markets, financial reports, and more.

Key Features

• Asset Management: Track macro trends and analyze financial data quickly to make smarter, lower-risk investments.
• Hedge Funds: Uncover niche, undervalued opportunities faster with access to deep industry insights and data.
• Private Markets: Strengthen due diligence with one platform aggregating all critical research and documents.
• Investment & Corporate Banking: Save time and find key insights instantly with AI-powered search across multiple sources.

2. Ascent

Ascent is a regulatory compliance data platform focused on the financial services industry. Regulatory obligations can become overwhelming to try and manage, and it can take a lot of time to keep track of how and when to comply with and who needs to comply at what time. Ascent uses AI to analyze regulatory data and text to help make sense of these regulations relative to your specific organization's use cases.

Key Features

• Monitor, Understand, and Act: Stay on top of complex regulatory changes without manual effort or productivity loss.
• Automate: Streamline regulatory processes with scalable automation, reducing reliance on manual tasks and extra hires.
• Comprehensive Audit Trails: Maintain clear, audit-ready documentation to confidently face regulatory reviews.

3. Trullion

Trullion is an accounting oversight platform that uses AI to automate revenue recognition, lease accounting, and audit workflows. Additionally, it helps with compliance and accurate reporting for customer revenue under ASC 606 and IFRS 15 standards.

Key Features

• Lease Accounting: Use AI to extract lease data, automate workflows, and stay compliant with evolving standards.
• Audit: Accelerate and simplify audits with AI tools designed for accuracy and efficiency across multiple clients.
• Revenue Recognition: Automate revenue reporting with custom rules while ensuring compliance with ASC 606 and IFRS 15.

4. VIC.AI

Vic.ai has AI-powered automated finance capabilities through their end-to-end accounts payable management software. This includes everything from invoice ingestion through to payment processing. Vic.ai uses AI for invoice processing and approvals via a touchless autopilot allowing your finance function to significantly reduce manual work as well as time spent on payments.

Key Features

• Accounts Payable: Automate invoice processing to reduce errors and accelerate month-end close.
• Expense Management: Gain full visibility into corporate expenses with AI-powered tools like VicCard™.
• Analytics and Insights: Access real-time performance data to drive smarter decisions and improve operations.

5. Highradius

HighRadius is a major player in the invoice-to-cash cloud space. Its solution suite is positioning itself for the "office of the CFO," incorporating predictive AI use of accounts receivable, treasury management, account reconciliation, and the financial close process.

Key Features

• AP Automation Software: Use AI agents for touchless invoicing, auto-approvals, smart inboxes, and compliance checks.
• Supplier Portal: Simplify supplier onboarding and invoice tracking with AI-powered management tools.
• Financial Reporting Software: Generate intelligent reports and variance analysis with AI-driven insights and visuals.

6. Alpha AI

Alpha AI develops AI-powered, no-code ERP integrations to link a wide range of advanced software solutions to existing systems. They deploy efficient automation for procure-to-pay and cloud solutions, allowing them to save time, gain control, and save money.

Key Features

• Easy Integration: Connect firm apps seamlessly without any coding.
• Data Sync: Keep data automatically updated across all platforms.
• Automation: Eliminate manual work with automated workflows.
• Customizable: Adapt integrations to fit your unique firm's needs.
• DIY or Full Support: Choose between self-service or expert-managed integration.
• 24/7 Support: Get round-the-clock assistance and helpful resources.

7. Propell.ai

Propell.ai is helping the Nordics reach the European enterprise market by automating document management practices and bookkeeping and integrating solutions that use AI technology like Vic.ai with equivalent ERP systems.

Key Features

• No Rules: Instantly operational with no need for manual rule setup, using historical customer data.
• AutoPilot: Confident algorithm predictions allow invoices to process automatically with minimal oversight.
• Intelligent Algorithm:  Processes any invoice format directly, identifying patterns without third-party tools.
• Automatic Posting: Posts cost accounts, dimensions, and accruals down to the product line level.

8. Gridlex

Gridlex Sky is based on the cloud and offers products that include AI-enabled financial administrators for tasks associated with B2B accounts, invoicing, credit control, and previously inaccessible financial forecasting. Gridlex Sky provides a multi-currency solution for transactions and conversions, expense management, and calculation management. 

Key Features

• Gridlex Ray Timesheet:  Simplifies time tracking for employees and contractors, reducing manual errors.
• Ray HR Software: Manages HR tasks like attendance, leave, and shifts to boost HR efficiency.
• Gridlex Zip CRM: Centralizes client data for better relationship management and growth tracking.
• Gridlex Zip Customer Service Helpdesk: Streamlines ticket management for faster, more efficient customer support.

9. Karbon

Karbon provides a collaborative cloud infrastructure for accounting practice management. Karbon provides efficiency tools for workflow management, automatic workflows, calendar integrations, and overall client management for accounting firms.

Key Features

• Client Management: Track client relationships and consistently deliver promised services.
• Centralized Knowledge: Get a unified view of job statuses across the team with a single source of truth.
• Business Analytics: Uncover insights to drive smarter decisions and boost efficiency.
• Workflow Automation: Free up time by automating repetitive, low-value tasks.
• Project Management: Keep teams aligned and ensure no task falls through the cracks.
• Team Collaboration: Collaborate on emails, tasks, and projects from one centralized hub.
• Email Management: Integrate email into workflows to eliminate silos and improve visibility.
• Document Management: Share, store, and organize files easily within the Karbon platform.

10. Receipt-AI

Receipt-AI is a receipt management app that is used for all aspects of receipt photo management with text and email integration. Receipt-AI ingests all receipt data into core accounting tools like Xero and QuickBooks.

Key Features

• Expense Management Made Simple: Eliminate tedious reconciliation and morale-draining receipt hunts.
• One-Click Reconciliation: Upload your receipt. It's auto-categorized, synced to QuickBooks/Xero, and matched to a transaction. Review and confirm with one click.
• Visual Insights: Turn raw data into clear visuals for faster understanding and smarter decisions.

11. Rows

Rows is a contemporary spreadsheet solution that integrates AI technology and ChatGPT with spreadsheets, allowing users to make spreadsheets faster and with other uses for calculating, summarizing, and interpreting data. Rows helps users build forms and dashboards, and links to many common firm software.  

Key Features

• Level Up Your Spreadsheet Game: Connect, analyze, automate, and share data to eliminate manual work and improve efficiency.
• Your Personal Data Analyst:  AI handles quick calculations and complex analysis, making data work easier for you.
• Automated Data Handling: Connect data sources, automate processes, and generate insights seamlessly.
• Custom Dashboards & Forms: Build personalized data dashboards and forms without manual effort.
• AI-Driven Analysis: Use AI to perform both quick calculations and complex analysis.
• Real-Time Collaboration: Work together in real time, sharing and collaborating on data and insights.

12. Signifyd

Signifyd builds and manages your payment process optimization platform that, automates risk decisioning, exemption management processes, could prevent credit card transaction chargebacks, and cushioning payment recovery process.

Key Features

• End-to-End Protection: The platform secures the entire e-commerce journey, from login to returns, tackling fraud at each step.
• Merchant Control: Tools like Agent Console, Decision Center, and Insights Reporting offer transparency and decision-making power.
• Login Defense: Detects and challenges suspicious logins to prevent account takeovers.
• Frictionless Experience: Quickly recognizes trusted users to streamline login and accelerate checkout.

13. Blue dot

Blue dot is an all in one tax compliance platform providing a 360-degree view of all employee-driven transactions using a deep learning and machine language learning.

Key Features

• Automated VAT Compliance: Uses AI/ML to identify eligible VAT spend and ensure compliance with local tax laws and policies for both domestic VAT and foreign refunds.
• Taxable Benefits Review Automation: An AI-powered tool automates checks and calculations for employee expenses subject to wage taxation or PAYE reporting.

14. Truewind

Truewind is an AI-driven bookkeeping contracts and financial platform, that is designed for end-to-end CFO support. Truewind also has a "CFO copilot" review monthly financial health, and help build operating budgets, and review vendor contracts.

Key Features

• Bookkeeping Automation: Uses machine learning to code transactions, match deposits, and perform reconciliations, reducing manual work and errors.
• Real-Time Accrual Workpapers: Automatically updates workpapers for prepaids, fixed assets, and other adjustments, eliminating manual spreadsheets.
• Vendor-Level Flux Analysis: Provides one-click variance analysis with AI-generated explanations, helping CPAs identify period-over-period changes.

15. Zeni.ai

Zeni.ai is AI-driven bookkeeping targeting fractional CFOs and start-up founders, managing start-up tax, payroll bill pay, expense reimbursements and traditional bookkeeping services, and Aspiring entrepreneurs.

Key Features

• Expert Support: Get GAAP-compliant financial oversight, trend monitoring, and ongoing consulting.
• AI-Powered Bookkeeping: Automated transaction categorization, real-time dashboards, and expert reviews.
• Bill Payments: Upload bills, automate details with AI, and pay vendors domestically and internationally via same-day ACH.
• Expense Reimbursements: Auto-capture receipt data and reimburse employees quickly with AI and approval workflows.

16. Indy

Indy is an AI bookkeeping and workflow tool targeted for independent solo firm owners, freelancers, designers, contractors, etc. 

Key Features

• Professional Invoicing Made Simple: Create professional invoices in minutes, no design or accounting skills needed. Personalize with your logo, brand colors, and preferred payment methods.
• Customizable Contract Templates: Start with ready-made contracts tailored to your profession. Edit to include your firm’s info, project scope, and payment terms.
• Fast Project Launch: Streamline paperwork and get new projects started quickly.

17. Klarity

Klarity delivers an alternative solution to the traditional process outsourcing for accounting teams. Klarity can deliver accounting process, compliance workflows and more on a 24-7 model, against current offshore models.

Key Features

• Salesforce Integration: Detects and resolves mismatches between signed documents and CRM data automatically.
• Contract Accuracy: Corrects metadata, financial terms, and contract details with precision and speed.
• End-to-End Document Automation: Streamlines workflows from order booking to ASC 606 compliance and invoicing.
• Operational Excellence: Ensures accuracy and ROI by automating key documentation processes across departments.

Conclusion

As accounting firms undergo digital transformation, it is important to adopt the best AI tools for finance and accounting in order to stay efficient, compliant, and happy with clients. Whether you are automating a number of workflows, analyzing the financial patterns, and/or forecasting trends, AI in accounting firms is transforming the way operations are done, allowing professionals to provide added value, and in a lot less time. 

Upscaling is as important as automating to truly stay ahead of the curve. 

MYCPE ONE is a robust solution for CPAs and finance professionals to track CPE credits, receive learning recommendations, and manage compliance. MYCPE ONE is not just a tool for upskilling: it is your all-in-one platform for intelligent growth in the age of AI.

MYCPE ONE provides suites of services to CPA and Accounting Firms, including Offshoring, Digital Marketing, Website Development, CPE, M&A Advisory and News & Insights. For over a decade, MYCPE ONE has empowered accounting and CPA firms by helping them hire skilled offshore accountants. With 3,000+ team members across 40+ offices in 5 countries, it offers scalable solutions that boost efficiency, cut costs, and allow firms to focus on core operations. Backed by a network of 250,000 professionals, MYCPE ONE supports 45+ BDO Alliance firms and 40 of the Top 200 Accounting Firms globally.

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About the Author

Christopher Rivera

Christopher Rivera, Chris serves as a Director of Client Relations and Business Development at MYCPE ONE. He is an expert at leading and managing teams actively from the front. His expertise in sales, training, coaching, mentoring and influencing combined with his competitive nature makes him a strong leader. Chris has traveled through the length and width of the country and has spoken with more than five thousand CPAs, understanding their challenges and limitations. On the grounds of that, he can now easily provide opinions and solutions that can be immensely helpful to the professionals. He has also represented MYCPE ONE at a number of major accounting conferences and networking events.