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This startup’s AI platform could replace 90% of your accounting tasks—here’s how
- Puzzle, a San Francisco-based fintech startup, has launched an AI-powered accounting platform designed to automate up to 90% of routine tasks, allowing accountants to focus on more strategic work.
- Puzzle's new general ledger software aims to integrate complex accounting policies directly into the platform, eliminating the need for manual spreadsheet processes.
- The platform supports both cash and accrual accounting, offering a solution for businesses of all sizes.
- Puzzle automates processes like revenue recognition, asset depreciation, and prepaid expenses, reducing the risk of errors and eliminating much of the manual, time-consuming work accountants typically face.
- Puzzle ensures accuracy by allowing accountants to control the level of automation they use, with each transaction tagged to provide transparency and verification.
- Puzzle's launch comes at a critical time for the accounting profession, as the industry is facing a severe talent shortage, high burnout rates, and repetitive tasks.
- Puzzle's platform represents the next step in the evolution of accounting, with the boring, repetitive work automated, and accountants spending more time helping businesses devise tax strategies and improve their financial health.
- Since its public launch, Puzzle's platform has processed more than $30 billion in transactions for over 3,000 businesses, experiencing 15-20% month-over-month growth.
- Puzzle's platform creates a self-reinforcing cycle of efficiency and accuracy, benefiting the business owner, accountant, and the entire economy.
- Puzzle's approach is to support rather than replace accountants, enabling them to play more strategic roles in businesses, becoming the heroes of their companies.
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