--- title: Artificial Intelligence Transforms Corporate Accounting description: Auditoria.AI is going to use AI to transform one of the core functions at the heart of every company – Finance. image: https://blog.auditoria.ai/hubfs/from-the-dutch-east-india-trading-company-to-todays-back-office-artificial-intelligence-transforms-corporate-accounting-300.png --- [![Auditoria](https://blog.auditoria.ai/hs-fs/hubfs/Auditoria_March2020/image/OnWhite.png?width=888&height=209&name=OnWhite.png "Auditoria")](https://www.auditoria.ai) - [Products](https://www.auditoria.ai/solutions/) - [Auditoria SmartVendor](https://www.auditoria.ai/solutions/#smartvendor) - [» AP Helpdesk](https://www.auditoria.ai/solutions/#ap_helpdesk) - [» AP Invoices](https://www.auditoria.ai/solutions/#ap_invoices) - [» AP Accruals](https://www.auditoria.ai/solutions/#ap_accruals) - [Auditoria SmartCustomer](https://www.auditoria.ai/solutions/#smartcustomer) - [» AR Helpdesk](https://www.auditoria.ai/solutions/#ar_helpdesk) - [» AR Collections](https://www.auditoria.ai/solutions/#ar_collections) - [» AR Remittances](https://www.auditoria.ai/solutions/#ar_remittances) - [Guardian](https://www.auditoria.ai/solutions/#guardian) - \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ - [AP and AR Helpdesk Collaborative Mode](https://www.auditoria.ai/ap-and-ar-helpdesk-collaborative-mode/) - [Auditoria Technology Platform](https://www.auditoria.ai/auditoria-smartflow-platform/) - [SmartBots and RPA](https://www.auditoria.ai/what-are-smartbots-and-how-do-they-improve-rpa/) - [How It Works: NLP & AI](https://www.auditoria.ai/how-it-works-nlp-nlu-and-ai/) - [Solutions](https://www.auditoria.ai/my-systems/) - [Workday](https://www.auditoria.ai/my-systems/#workday) - [ServiceNow](https://www.auditoria.ai/my-systems/#servicenow) - [Oracle](https://www.auditoria.ai/my-systems/#oracle) - [Coupa](https://www.auditoria.ai/my-systems/#coupa) - [SAP](https://www.auditoria.ai/my-systems/#sap) - [Benefits](https://www.auditoria.ai/who-needs-auditoria/#top) - [CFOs](https://www.auditoria.ai/who-needs-auditoria/#cfo) - [Controllers](https://www.auditoria.ai/who-needs-auditoria/#controller) - [Receivables Teams](https://www.auditoria.ai/who-needs-auditoria/#ar) - [Payables Teams](https://www.auditoria.ai/who-needs-auditoria/#ap) - [General Ledger Teams](https://www.auditoria.ai/who-needs-auditoria/#fpa) - [Shared Services Teams](https://www.auditoria.ai/who-needs-auditoria/#gbs) - [IT and Finance Transformation](https://www.auditoria.ai/who-needs-auditoria/#it) - [Resources](https://www.auditoria.ai/resources/) - [Blog](https://blog.auditoria.ai) - [Product Demos](https://www.auditoria.ai/resources/type-demos/) - [Solution Briefs](https://www.auditoria.ai/resources/type-solution-briefs/) - [White Papers](https://www.auditoria.ai/resources/type-white-papers/) - [Webinar Recordings](https://www.auditoria.ai/resources/type-webinar-recordings/) - ROI Calculators - [AP Automation ROI](https://www.auditoria.ai/ap-automation-roi-calculator/) - [AR Automation ROI](https://www.auditoria.ai/ar-automation-roi-calculator/) - [Company](https://www.auditoria.ai/company/) - [About Us](https://www.auditoria.ai/company/) - [Careers & Culture](https://www.auditoria.ai/careers-culture/) - [Contact Us](https://www.auditoria.ai/contact-us/) - [News & Press](https://www.auditoria.ai/news-and-press/) - [Events & Webinars](https://www.auditoria.ai/events-webinars/) - [Partners](https://www.auditoria.ai/partners/) - [Trust](https://www.auditoria.ai/trust/) You are here: [Home](https://www.auditoria.ai) / [Blog | AI In Finance](https://blog.auditoria.ai) / Artificial Intelligence Transforms Corporate Accounting ### [Blog | AI In Finance](https://blog.auditoria.ai) # Artificial Intelligence Transforms Corporate Accounting [By Ashmeet Sidana](https://blog.auditoria.ai/author/ashmeet-sidana) ![from-the-dutch-east-india-trading-company-to-todays-back-office-artificial-intelligence-transforms-corporate-accounting-640](https://blog.auditoria.ai/hs-fs/hubfs/from-the-dutch-east-india-trading-company-to-todays-back-office-artificial-intelligence-transforms-corporate-accounting-640.png?width=640&name=from-the-dutch-east-india-trading-company-to-todays-back-office-artificial-intelligence-transforms-corporate-accounting-640.png)Hi, I'm [Ashmeet Sidana](https://www.linkedin.com/in/sidana/), chief engineer at [Engineering Capital](https://www.engineeringcapital.com/). I'm a computer scientist first and a venture capitalist second. I'm also an associate of the [Creative Destruction Lab](https://www.creativedestructionlab.com/) at the University of Toronto, where Jeff Hinton pioneered the techniques which have led to the current explosion uses of machine learning. As a venture capitalist in Silicon Valley, I have had the privilege to see entrepreneurs embrace disruptive technologies and build companies from scratch all the way to IPO – and change the world along the way. `` Artificial Intelligence, AI, is one of those technologies. And Auditoria is going to use AI to transform one of the core functions at the heart of every company – Finance. Ever since the days of the Dutch East India Company, the first joint-stock company in the world, or even earlier the Medici in Italy, we have had double-entry bookkeeping. So, the techniques are old. Yet companies continue to innovate in finance and a great CFO can unlock tremendous value for a company. Auditoria aims to transform how every CFO will run their operations. Their vision is to build a self-driving finance office. I believe machine learning has reached a tipping point and is ready to be applied to all areas of finance, such as auditing, cash flow forecasting, invoices, accounts payable, how you manage your balance sheet, even finding errors or omissions.  These are some of the functions Auditoria can automate. Auditoria will apply machine learning to enable companies to initially take cash flow forecasting and people management, and eventually enable entirely new frontiers for corporate finance. For me at Engineering Capital, Auditoria was an ideal investment. I was an early investor in [Palerra](https://www.crunchbase.com/organization/apprity), which Rohit, Adina, and Gaurav had previously built and sold successfully to Oracle. I already knew each of them was an exceptional executive with a unique combination of functional skills, entrepreneurial grit, vision, and ambition to create an enduring company. Combine a world-class founding team, a massive market with a terrific [technical insight](http://www.engineeringcapital.com/technical-insights-in-startups/) and all the elements of an ideal investment come together in Auditoria. I am proud to be the first investor they chose to accept money from, and very happy to be working with them again. So today, as we officially announce the arrival of Auditoria. What's exciting is that they are applying machine learning to a problem that literally touches every company in the world. I am honored to be on this journey with the Auditoria Team. Congrats Rohit, Adina, Gaurav, and the entire team! Wishing you God-speed!! [Finance Automation](https://blog.auditoria.ai/tag/finance-automation) ## Read On ### [Setting the Foundations of the Finance Cognitive Automation Market It’s been almost one year since our team here at Auditoria actively started taking our offerings to...](https://blog.auditoria.ai/setting-the-foundations-of-the-finance-cognitive-automation-market-landscape) ### [Announcing Auditoria’s Series A Financing The beauty of technology paradigm shifts is the dramatic velocity in expansion and adoption of the...](https://blog.auditoria.ai/announcing-auditorias-series-a-financing) ### [Small Language AI Models in Finance: Faster, Smarter FinOps Small language models (SLMs) and generative AI are transforming finance operations by powering...](https://blog.auditoria.ai/how-small-language-models-are-revolutionizing-finance-operations) ### Headquarters 2755 Great America Way Santa Clara, CA 95054 [Directions to Auditoria.AI](https://www.google.com/maps/place/3031+Tisch+Way,+San+Jose,+CA+95128/@37.3176295,-121.9477135,18.33z/data=!4m6!3m5!1s0x808fcadf570ea859:0x4496c4ecf0b99d1a!8m2!3d37.3177477!4d-121.9477554!16s%2Fg%2F11bw3wrhc8?entry=ttu) [info@auditoria.ai](mailto:info@auditoria.ai) (+1) 408.889.1500 ### Useful Links [Privacy Policy](https://www.auditoria.ai/privacy-policy/) [Terms of Use](https://www.auditoria.ai/terms-of-use/) ![SOC 2 Type II](https://www.auditoria.ai/wp-content/uploads/21972-312_SOC_NonCPA-180x180.png) The Auditoria logo, Auditoria AR Collections, Auditoria SmartPay, Auditoria SmartBots, and Autonomous Vendor Management are trademarks or registered trademarks of Auditoria.AI Inc. All rights reserved.  © Copyright 2024 - Auditoria.AI - - ![](https://ws.zoominfo.com/pixel/XTjRYea2oipaSEi4VMXW) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Ashmeet Sidana", "url" : "https://blog.auditoria.ai/author/ashmeet-sidana" }, "dateModified" : "2022-03-11T21:32:40.596Z", "datePublished" : "2020-04-22T23:22:00.000Z", "headline" : "Artificial Intelligence Transforms Corporate Accounting", "image" : [ "https://blog.auditoria.ai/hubfs/from-the-dutch-east-india-trading-company-to-todays-back-office-artificial-intelligence-transforms-corporate-accounting-300.png" ], "mainEntityOfPage" : { "@id" : "https://blog.auditoria.ai/from-the-dutch-east-india-trading-company-to-todays-back-office-artificial-intelligence-transforms-corporate-accounting", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.auditoria.ai/hubfs/Auditoria%20Registered%20Gray_Auditoria%20Full%20Gray.svg" }, "name" : "Auditoria.AI" } } ```