Eran Habets’ Post

🚀 Exciting news in the world of Artificial Intelligence! Nanonets has just raised $29 million to further automate 'Mundane Office Work'. This AI-based workflow automation platform is revolutionizing how businesses handle repetitive tasks, saving time and improving efficiency. Read more about this milestone funding round on PYMNTS.com #AI #automation #Nanonets According to PYMNTS.com, Nanonets' latest funding round of $29 million will be used to enhance its platform and expand its reach in transforming mundane office work. The platform utilizes artificial intelligence to streamline workflows, automate repetitive tasks, and improve overall productivity in the workplace. With the increasing demand for automation solutions in today's fast-paced business environment, Nanonets is well-positioned to address the needs of organizations looking to optimize their operations. This funding will enable Nanonets to further innovate and develop new features that will drive even greater efficiency and cost savings for its customers. Join the discussion and find out more about Nanonets' exciting journey towards automating mundane office work by clicking on the link below: https://lnkd.in/dDAWjuBq Let's embrace the future of work with Nanonets and unlock the full potential of automation! 💡🤖 #innovation #futureofwork #efficiency

As automation reshapes the business landscape, back-office roles are evolving rapidly. Processes like accounting, HR, and compliance are being reimagined with tools that boost efficiency, reduce costs, and enable teams to focus on higher-value tasks. But automation isn’t just about technology—it’s about aligning systems, people, and processes to create seamless workflows that support growth and innovation. At AI Advisory Group, we specialize in helping businesses turn tech investments into real solutions. From assessing digital readiness to optimizing back-office operations, we ensure your automation journey drives real, measurable success. It’s not about replacing people; it’s about empowering them to do more. Ready to future-proof your back office? Let’s connect: https://lnkd.in/gVMTrpm3 #BackOfficeAutomation #DigitalTransformation #Efficiency #AIAGSolutions

Embrace the trends! Easier said than done... Things change quickly. Staying ahead of trends (or on pace) is crucial. Here's what's shaping accounting and how you can stay "on trend": 1. Automation & AI: Streamlining processes and reducing manual tasks. ➡ It's coming. You gotta embrace it. We've sprinkled AI throughout our firm and it's a game changer. 2. Cloud-Based Solutions: Enhancing accessibility and real-time data analysis. ➡ This is simple. You need remote access. Want to employ top talent? The ability to work remote is crucial. (plus it's more secure). 3. Data Security: Prioritizing robust cybersecurity measures. ➡ Resources should be consistently deployed here. It's hard to stay on trend here, but every business must do consistent reviews of security measures. 4. Advisory Services: Bookkeeping 🤝 Advisory. ➡ Bookkeeping and advisory go hand in hand. Many people think bookkeeping is just a 'back office' task. Not true. Laying a strong foundation is crucial. And advisory at this level plays a big role. Staying on trend does not mean ripping apart your finance function. It means consistent iterations. Tweaks to processes, systems, and controls. System optimization sounds daunting. Staying on trend sounds daunting. But it doesn't have to be - keep it simple and ensure any changes and implementations are value-add.

📚 Weekend Reading 📚 In this article, SymTerra explores the frustrations with business software and the importance of realistic AI integration and frontline support. #construction 

Will AI force young accountants back into the office? 🤷♂️ Since the mention of AI people are worried they will lose jobs, ways of working and future opportunities, who really knows what the future holds but what do you think? Interesting article on some employers using this as a way of trying to bring the team back to the office 🤔 I personally think hybrid is here to stay, remote we are seeing less of but hybrid is a way of life now for this and the younger generation I feel. MRK Associates https://lnkd.in/dtMHtUf3

I've been spending a lot of time lately trying to think through the implications of AI in the family office sector, where I've spent the last decade trying to see into the future. 🔮 Today, my deep dive is into automation. Latest on Forbes #familyoffice https://bit.ly/3YtaRHx

The RTO debate is frustrating. It’s as if everyone is only seeing one tiny slice of it. Maybe bc I’ve got my hands in lots of little areas that all overlap for this issue, I can’t ignore the bigger picture. Here’s what I’m seeing: 1. ⁠The cities are losing dramatic amounts of income. I mean, insane, staggering amounts. They started out with rewards such as offering tax breaks to the companies. And now a lot of them are being scary with legal letters and intimidation if companies don’t RTO. We are talking everything from restaurants failing to transportation. And it’s deeper than that. You’re looking at thousands of small lines on budgets that the average person doesn’t consider. Sales tax. Alcohol. Parking fines. Many of these cities apparently lived off commuters. And their disparity was exposed. Once the white collar commuters left, their city was a dumpster fire. It’s not just direct cash infusion. The spending and usage also dictates a myriad of things, such as how much federal funding they’re given for next year’s budget. Fewer people using services = qualify for less tax money that they spend on other stuff. So they’re losing in multiple ways. 2. The middle management tier of the pyramid is faltering. This is especially true for companies with executives who can be front facing/active or companies that utilize routine technology for reporting. If a company streamlines remote monitoring and reporting, the executive level doesn’t need middle management. They can look at the data themselves or follow the workers at home themselves. The companies that efficiently manage remote workers are eliminating the middle tier. Squeezing them, PIPs, recycling them into other positions, and then when they’re gone, not filling the positions anymore. “Middle management” is broad depending on the company and can include multiple tiers. We are talking about people making 6 figures who do not want to be redundant. I have watched RTO get proposed behind closed doors literally to save their own jobs. What’s happening here falls under the bigger evolution of AI as well and that’s not being openly discussed. With AI assistance, the executive level is evolving and middle management is now redundant. Some companies are even using AI chatbots the same way they use them for consumers. It’s the first level of engagement to sort out the workers’ issues and only escalate to a manager when needed. 3. A nuanced segment of the population cannot work from home and depending on the company, those workers might be valuable to them for several reasons. Cut for length, see comments. -JH

People are always talking about the future of work.  As we look ahead, I’m sure the future of work in bookkeeping is set to transform in exciting ways.  Automation and AI are streamlining routine tasks which will allow bookkeepers to focus more on strategic financial analysis and advisory roles.  Remote work is becoming the norm, offering flexibility and access to a global talent pool.  Additionally, the integration of technology promises increased transparency and security in financial transactions.  As humans, embracing these advancements will not only enhance efficiency but also provide greater value to businesses.  Who’s ready for a future where technology and human expertise go hand in hand? Share how you’re already using #Technology #AI or #Automation to streamline your days.  #FutureOfWork #Bookkeeping #RemoteWork #BusinessDevelopment

🌟 In a recent Forbes article, we see how family offices are starting to embrace AI agents as both investment opportunities and operational tools. Traditionally, these entities focused on a conservative, long-term approach to wealth management. However, the rise of AI represents a shift toward integrating cutting-edge technology into their strategies. This transition is significant for the Information Technology industry. Family offices are typically driven by a desire for stability, but their growing interest in AI indicates a willingness to explore innovative solutions. AI can help streamline operations, enhance decision-making, and uncover new investment avenues. This not only creates a competitive edge for family offices but also signals a broader acceptance of technology within wealth management. As I reflect on this trend, I see both exciting opportunities and challenges. Family offices can leverage AI to optimize their portfolios and improve operational efficiencies. However, they must also navigate the complexities of data privacy, compliance, and ethical considerations surrounding AI use. The market landscape is shifting. We may witness a new wave of investment in tech startups focusing on AI, as family offices seek to diversify their portfolios. This could lead to increased collaboration between traditional wealth management approaches and innovative tech solutions, shaping the future of this sector. I'm curious to hear your thoughts. How do you see family offices adapting to incorporate AI? What strategies might they employ to balance innovation with their preservation-centric philosophies? Let’s start a conversation! 💬 https://buff.ly/4f2H4uQ #FamilyOffices #InvestmentStrategy #LongTermVision #InnovationInFinance #AIInvestment #OperationalTools #FinanceTrends #FutureOfInvestment

Slay the Expense Report Monster with Mobile & AI! ⚔️ Is the paper trail of receipts and endless data entry giving you a headache? You're not alone! Traditional expense management is a beast, but there's a new way to fight back. Mobile-first and AI-powered solutions are revolutionizing the game. Imagine: 1. Capturing receipts with a tap of your phone (no more shoeboxes!) 2. AI automatically extracts data and categorizes expenses (bye-bye, errors!) 3. Real-time visibility into reports and reimbursements (no more waiting!) This isn't just about convenience. These advancements can save your business money, boost employee satisfaction, and give you valuable insights to make smarter financial decisions. ➡️ https://lnkd.in/gpm4YqDj #ExpenseManagement #AI #Mobilefirst #Futureofwork #Fintech #Travel #BusinessTravel #BusinessExpense #CorporateTravel #WegoPro P.S. Ready to learn more? Let's discuss how WegoPro can help your company conquer expense management! Comment below with your biggest expense management pain points.