AI has evolved from a trending topic to a fundamental part of how businesses manage their finances. Just as cloud accounting has made financial data accessible from anywhere, AI is now seamlessly integrating into everyday workflows, driving efficiency and optimising decision-making. Rosie Cooper, director in PM+M’s cloud accounting team, explains more…
AI as an everyday assistant
When GPS first emerged, it felt revolutionary, but today, we rely on it without a second thought to get from A to B. AI in accounting is following a similar path. Automated transaction categorisation, real-time anomaly detection, and predictive cash flow insights are no longer advanced concepts—they’re becoming standard features within cloud accounting platforms, accessible to everyone.
For businesses, this means fewer manual checks, more accurate reporting, and real-time insights. AI is making accounting easier, more proactive, and helping businesses stay ahead of financial challenges.
The practicalities of AI
In the past, new technologies were often judged by technical specifications like processing speeds, storage limits, and software updates. But as AI becomes rooted in cloud accounting, the focus is shifting from technical capabilities to the practical benefits it delivers.
Business owners don’t ask which AI model their software uses—they ask how it helps them work more efficiently. Does it reduce errors? Does it save time? Does it improve financial visibility? AI works quietly in the background – offering insights, making decisions, and taking actions – allowing business owners to focus on what matters.
AI and compliance: what’s next?
As AI adoption grows, regulatory frameworks are evolving to ensure responsible use. From data privacy and bias mitigation to transparency in automated decision-making, compliance will play a crucial role in shaping AI’s future.
For businesses using AI-driven software, this means choosing providers that prioritise ethical AI development and staying informed on compliance requirements. Proactively embedding responsible AI practices will not only ensure regulatory alignment but also build trust with stakeholders.
The future of AI
AI in cloud accounting is no longer a distant concept—it’s already here, subtly enhancing everyday processes. From intelligent invoicing and automated reconciliations to predictive insights and fraud detection, AI is making accounting more efficient and accessible.
As we move through 2025, businesses that embrace AI are likely to gain competitive advantage – freeing up time, improving accuracy, and allowing management teams to focus on growth.
Get in touch
If you want to hear more about how AI can enhance your accounting processes to improve efficiencies, get in touch with Rosie Cooper by clicking the button below to hear more about the latest AI-driven tools designed to help your business achieve more…
