London, UK – 29 February 2024 – Clear Books, a leading provider of AI-powered accounting software, today announced the release of its innovative one-click bookkeeping solution. This state-of-the-art technology revolutionises the accounting industry by simplifying bookkeeping processes, making them more efficient and accessible for accountants, bookkeepers, and their clients – and is already in use by thousands of businesses and accountants.
The innovative features include:
- Intelligent account code suggestions: Leveraging AI to recommend account codes automatically when entering bills or invoices, and processing bank statements.
- One-click “Auto Explain”: A remarkable tool that processes an entire year’s bank statements instantly, transforming year-end tasks and setup of historical records for new clients.
- Auto Bills, for bill capture: Next-generation OCR technology captures and tags bill details automatically, streamlining expense management.
Moreover, Clear Books is extending these innovations through an API, allowing other software vendors to integrate these powerful tools into their own services, supporting the broader ecosystem in delivering superior financial management tools.
Impressive Results from Beta Testing:
- Over 10,000 transaction classifications are processed every day.
- Each account code classification is performed in 16 milliseconds, translating to over 60 classifications per second.
- The AI features have been used millions of times, showcasing their effectiveness and reliability.
David Carr, Head of Product at Clear Books said:
“Our goal is to help UK businesses succeed. By harnessing the power of AI, we’re not just making bookkeeping faster and easier; we’re opening up new possibilities for accountants and businesses. More evenings free from tedious paperwork, more time for offering new products and services, and ultimately, more opportunities to focus on business growth and personal well-being.”
Clear Books’ AI-enhanced one-click bookkeeping represents a significant leap forward in financial software, providing accountants and businesses with the tools to succeed in today’s challenging environment. With more time for accountants to allocate towards advisory and strategy, and more freedom for business owners to pursue their passions, Clear Books is setting a new standard for what financial software can achieve.
Discover the future of bookkeeping at www.clearbooks.co.uk. For integration inquiries, contact sales@clearbooks.co.uk.
