AI and automation have the capability to simplify financial management for startups. In our recent live interactive webinar, hosted in partnership with BILL, our guest speaker Kern Eaker discussed the latest strategies in financial management.

Here's what we learnt from Kern:

- CFOs are looking at how technology can enhance their business operations and influence their decisions.
- Automating budgeting and financial planning tools was the top efficiency automation choice for 46% of people surveyed by BILL.
- Over 50% of businesses expect to have full Financial automation within the next five years, showing a significant shift towards technology adoption.
- Streamlining and adding efficiency to accounts payable, accounts receivable, and spend and expense can optimize a startup's cashflow.
- BILL users save an average of $10,000 monthly and 12 hours of time, adding more value to the organization.
- Using AI to create and manage budgets and spending limits can optimize a startup's cashflow and prevent overspending.
- The trend of bundling AI with ERP systems is expected to continue growing, creating a competitive space in the fintech industry.

Kern is a Senior Sales Engineer at BILL where he helps prospective customers understand BILL’s value as a financial platform. He loves working with small and medium-sized businesses to help them streamline and optimize financial processing. His career began in public accounting with KPMG working with banking and higher education clients. After KPMG he joined Harvard University in a variety of roles including working on the University’s ERP implementation of Oracle. Other software companies Kern has worked for include SAP, Oracle NetSuite, and most recently, Sage Intacct.

Automate your financial operations with BILL: https://bit.ly/3IfacjA

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