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Report

Technology Trends in Accounting 2021 Research Report
Discover the progress accountancy firms have made in their business and client service transformation, and what impact the pandemic has had on their use of technology.

We’re bringing the power of machine learning and artificial intelligence to accounting

We’re bringing the power of machine learning and artificial intelligence to accounting

We just announced our acquisition of an exciting Belgian machine learning and artificial intelligence company - Boltzmann. They have been a Silverfin partner for a while now and we’ve explored together how machine learning in particular can speed up the work of accountants in areas like mapping and client data review.  This resulted in them creating a fantastic machine learning tool for our platform that many customers are already taking advantage of - the Ludwig Assistant.

But this work is really just the tip of the innovation iceberg. There is so much more potential beyond improving the speed, accuracy and productivity of accountants with the help of machine learning as we have seen with Ludwig Assistant. Advances in this technology will radically improve the nature of advisory, forecasting and planning and support Silverfin customers in their goal to offer clients powerful advisory services based on the analysis and interpretation of complex data.

Boltzmann has been working with accounting firms, and leaders in other industries, to identify how artificial intelligence and machine learning can be used to improve manual or complex processes and make it easier to capitalise on the rapidly growing volume of data businesses have access to now. This is not only to improve how existing work is conducted but also to drive innovation and open up whole new approaches or create products and services that exploit the potential of this technology.

So we are delighted to have the Boltzmann team join Silverfin. We have made great progress bringing the benefits of machine learning to our customers already with Ludwig Assistant but we’re excited to see what more we can do together to transform the work and client services of accountancy firms.

If you’d like to know more about the acquisition check out our press release. But more importantly, if you’d like to get started with utilising the potential of artificial intelligence and machine learning in your own accountancy firm please get in touch.