How can AI Accounting Software Increase your profits?

Posted In | Finance | Accounting Software

Artificial Intelligence (AI) in accounting and financial software and operations can drive substantial insights and profits in your business. Gridlex Sky is a cloud-based accounting software with AI-driven insights to help increase your profits. Given below are different ways that Gridlex Sky Accounting AI Advisor shows insights to increase your profits without any human intervention.

 

 

Al Profit Advisor

• What units, centers, divisions and lines of business have the highest profit margins and are increasing or decreasing over time?

• What revenue, expense and inventory line items will increase profits?

• What customers contribute the most to your profits?

• What expenses and vendors impact your profit the most?

• What can you do to impact Accounts Receivable (AR), Accounts Payable (AP)a and Day Sales Outstanding (DSO)

Al Revenue Advisor

• What customers generate the most profit, revenue and expenses?

• What items and products have the most revenue potential?

• What are the pricing changes that impact your revenue?

• What AR and inventory actions can you take to increase revenue?

Al Expense Advisor

• What vendors and costs are increasing the most compared to overall revenue and profit?

• How can you optimize your AP and inventory items to lower costs?

• What vendors have increased the most in pricing?

Al Inventory Advisor

• What inventory items have the highest velocity and volatility?

• Do you have too much inventory compared to your overall business operations?

• What are the price and cost implications of various products and items?