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Discover Accurate Answers to Frequently Asked Homework Questions

• What kind of neuron is the most abundant in the human body?
• How do they diagnose placenta accreta?
• What is a disease of the bone in which bone reabsorption outpaces bone deposit, leaving the person thin and fragile?
• My doctor told me I have blood-type h-h. What does this mean?
• What part of the brain controls thinking?
• Is autism associated with frontal lobe damage?
• Is hearing controlled by the somatic or autonomic nervous system?
• Why is peripheral vision important?
• What is the resting potential for a neuron?
• In the nervous system, what is the function of the synapse?
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• How does latitude affect the seasons?
• What is nutation in astronomy?
• How do you calculate the angular diameter of the sun?
• Do all planets in Milky Way have an oval orbit?
• Why are cepheid variable stars important in our study of the Milky Way?
• What are satellite images based on?
• Why were the observations made by the COBE satellite so important to cosmology?
• What color is Venus?
• What spacecrafts have visited the edges of our solar system?
• How does the Sun's mass affect its evolution?
• A space-based telescope can achieve a diffraction-limited angular resolution of 0.14 for red light (wavelength 650 nm). What would the resolution of the instrument be in the ultraviolet, at 150nm ?
• From hottest to coolest, what is the order of the spectral types of stars?
• What causes gamma ray bursts?
• What is interstellar medium? Where is it found?
• How is the speed of light measured?
• How does the sun atmosphere differ from its interior?
• At what point in a star's life are they classified as AGB?
• What is the difference between open clusters and globular clusters?
• What is the size of Saturn?
• What is the taxonomy of a cocker spaniel?
• What are factors that affect the activity of an enzyme-catalyzed reaction?
• What are three ways animals may protect themselves from other animals?
• What are some examples of enzymes?
• Why do plants require nutrients and how do humans supply those nutrients?
• What is the difference between cryptic coloration and mimicry as a defense mechanism of animals?
• How many nephrons are in one kidney?
• Why is bioenergetics important?
• Why is binary fission so effective for bacteria?
• Why are transport proteins needed in the cell membrane?
• Is heat capacity larger for polymers?
• For #"barium carbonate"#, #"barium oxide"#, #"magnesium oxide"#, and #"magnesium chloride"#, which salt is likely to exhibit the greatest lattice enthalpy?
• Why is burning wood exothermic? I thought the wood is taking in heat to burn, therefore endothermic. However, it then gives off heat which makes it exothermic. Which is it?
• Balance this redox reaction in acidic media? #"As"_2"O"_3(s) + "NO"_3^(-)(aq) -> "H"_3"AsO"_4(aq) + "N"_2"O"_3(aq)#
• The pH of a #5.95\times 10^-1# M solution of a weak base is 11.54. What is the #pK_b# for this base to two decimal places?
• What is #pH# of a solution #1.2xx10^-2*mol*L^-1# with respect to #KOH#?
• What factors might cause a chemical reaction to produce more than a 100 percent yield?
• What is the the volume occupied by 2.34 g of carbon dioxide gas at STP?
• To completely combust a 5 mole quantity of glucose, how many moles of dioxygen are required?
• For the reaction #"C"(s) + "O"_2(g) -> "CO"(g)#, how many mols of #"O"_2# would be made from #"2.04 mols"# of #"C"#?
• Why is contact metamorphism associated with igneous intrusions?
• When rain falls on land, what factors influence the amount of water that soaks in?
• Fossils of Glossopteris, a type of fern, are found in Antarctica. How does this support the theory that the continents have moved over time?
• What are the forms in which carbon is found in the oceans?
• What is the Ring of Fire and how does it relate to earthquake distribution across the globe?
• Why is it difficult to interpret the rock record of Precambrian time?
• How is foliation formed in metamorphic rocks and what can it tell you about the conditions of metamorphism?
• What was the Apollo space program and what were its major accomplishments?
• How does mineral mining affect the land?
• How does climate relate to global warming?
• How does solar energy compare with fossil-fuel energy?
• What are some examples of how carbon dioxide is emitted?
• What examples of ecosystems that have high biodiversity and low biodiversity?
• In the nitrogen cycle, what do bacteria that live on the roots of plants do?
• How do natural disasters occur?
• How would conditions on the surface of the earth be different without greenhouse gases?
• What are some examples of carbon sources and carbon sinks?
• How does global warming affect the government?
• How has global warming affected air temperatures?
• Where can one find underground water?
• Write the Resonating structure of the phenoxide???
• How can I explain the formula and name of condensed formula #(CH_3)_2C(C_2H_5)_2# according to IUPAC?
• How does pka relate to mmhg?
• What is the acid strength tendency?
• How does a Grignard reaction work?
• What are the applications of ozonolysis?
• How does #OsO_4# (osmium tetroxide) indicate the presence of fat?
• How do geometric isomers arise?
• How is the peak affected in #C^13 NMR# by the number of H's attached to the carbon?
• How do electronegativity values determine the charge distribution?
• How does angular acceleration relate to linear acceleration?
• An object with a mass of #50 g# is dropped into #160 mL# of water at #0^@C#. If the object cools by #40 ^@C# and the water warms by #8 ^@C#, what is the specific heat of the material that the object is made of?
• How are heat and temperature related?
• If #8/3# #L# of a gas at room temperature exerts a pressure of #30# #kPa# on its container, what pressure will the gas exert if the container's volume changes to #7/4# #L#?
• A container has a volume of #18 L# and holds #9 mol# of gas. If the container is compressed such that its new volume is #12 L#, how many moles of gas must be released from the container to maintain a constant temperature and pressure?
• Two rays of light are incident normally on a tub of height #H# filled with water. They pass through glass slabs of heights #h_1# and #h_2#. If the speed of light in vacuum is #c#, what is the time difference between the rays of light to reach the bottom?
• A container has a volume of #12 L# and holds #8 mol# of gas. If the container is compressed such that its new volume is #4 L#, how many moles of gas must be released from the container to maintain a constant temperature and pressure?
• Some very hot rocks have a temperature of #280 ^o C# and a specific heat of #210 J/(Kg*K)#. The rocks are bathed in #9 L# of boiling water. If the heat of the rocks completely vaporizes the water, what is the minimum combined mass of the rocks?
• If #17/6 L# of a gas at room temperature exerts a pressure of #24 kPa# on its container, what pressure will the gas exert if the container's volume changes to #5/4 L#?
• Some very hot rocks have a temperature of #170 ^o C# and a specific heat of #300 J/(Kg*K)#. The rocks are bathed in #56 L# of boiling water. If the heat of the rocks completely vaporizes the water, what is the minimum combined mass of the rocks?
• How do you find the product of #(m+5)(m^2+4m-8)#?
• How do you simplify #(4+3sqrt3) (9-2sqrt3)#?
• How do you simplify #(3sqrtr)/(3sqrtx)#?
• How do you simplify #root4(80/9)#?
• How do you divide #(-2x^3+6x^2+9x+15)/(x+1) #?
• How do you solve #(u-2)/(u-3) + 3= u + (u-4)/(3-u)# and find any extraneous solutions?
• How do you simplify #(x^2-4)/(x^2-7x+10) div (x^2+6x+5)/(x^2-25)#?
• How do you combine #(x^2 +3x +2)/(x^2-16) + (3x +6)/(x^2-16)#?
• How do you divide #(3x^2+7x-20) / (x+4)#?
• How do you simplify #x^2/( x+12) = (2/1)#?
• Is f(x)=x^3 the only possible antiderivative of f(x)=3x^2? If not, why not?
• Using the integral test, how do you show whether #sum 1/((2n+1)^2)# diverges or converges from n=1 to infinity?
• How do you apply the ratio test to determine if #Sigma 1/n^3# from #n=[1,oo)# is convergent to divergent?
• How do you find the interval of convergence #Sigma (x-5)^n/(n!)# from #n=[0,oo)#?
• How do you find the interval of convergence #Sigma (x+2)^n/(nsqrtn)# from #n=[1,oo)#?
• How do you find the area of the surface generated by rotating the curve about the y-axis #y=1/3(x^2+2)^(3/2), 1<=x<=2#?
• What is the surface area of the solid created by revolving #f(x) = e^(2x) , x in [2,7]# around the x axis?
• What is the surface area produced by rotating #f(x)=cscxcotx, x in [pi/8,pi/4]# around the x-axis?
• What is the shape of an exponential decay graph?
• Solve the Differential Equation # x^2y'' -xy'-8y=0 #?
• How would you describe the angles and sides of an acute, isosceles triangle?
• A parallelogram has sides A, B, C, and D. Sides A and B have a length of #3 # and sides C and D have a length of # 8 #. If the angle between sides A and C is #(5 pi)/8 #, what is the area of the parallelogram?
• A line segment has endpoints at #(1 ,2 )# and #(2 , 2 )#. If the line segment is rotated about the origin by #(3 pi ) /2 #, translated vertically by # -3 #, and reflected about the y-axis, what will the line segment's new endpoints be?
• A triangle has two corners of angles #(3pi )/8# and #(7pi)/12 #. What are the complement and supplement of the third corner?
• A triangle has two corners of angles #pi /8# and #(5pi)/6 #. What are the complement and supplement of the third corner?
• A line segment has endpoints at #(4 ,9 )# and #(2 ,7 )#. If the line segment is rotated about the origin by #( pi)/2 #, translated vertically by #-8 #, and reflected about the x-axis, what will the line segment's new endpoints be?
• Are vertical angles supplementary angles?
• A line segment has endpoints at #(4 ,7 )# and #(5 ,6)#. If the line segment is rotated about the origin by #pi #, translated vertically by #-2 #, and reflected about the x-axis, what will the line segment's new endpoints be?
• The measures of two complementary angles are in the ratio 4:1. What is the measure of the smaller angle?
• If the perimeter of a square is 62 centimeters, what is its area?
• How do you evaluate #x-(x+y-abs(-x))# when x=-2, y=4?
• How do you simplify #25-12-13#?
• How do you evaluate #(-41)+(-40)#?
• A tortoise is traveling at a speed of 10 feet per minute. At this rate, how many yards will it travel in 1 hour?
• Is 1/3 a rational or irrational number?
• 560 nm is how many meters?
• How do I convert 56 ounces to tons?
• What is marginal utility? If marginal utility of product A priced at #$25# is #50# and that of product B priced at #$5# is #20#, which product maximizes utility for consumer?
• Yosief buys 10 apples for $1. At what price should he sell a dozen apples if he wishes to make a profit of 25%?
• How many ml is in 2 liters?
• What are the asymptotes for #(x + 4)/(x^2+x-6)#?
• Let #u(x)=e^(9x)# and #v(x)=5x+9#, how do you find #(v(u(x)))^2#?
• How do you solve this function : g[f(x)] if #f(x) = 4x + 1# and #g(x)=2x^2 - 5 = 2x^2 - 5#?
• How do you write #y = 1/(x^2 + 3)# as a composition of two simpler functions?
• Given the functions #f(x)=x-7# , #g(x)=x^2# and #h(x)=(x-7)^2# how do you find (g-f)(x) ?
• How do you find the inverse of #f(x) = x^2 + x - 2#?
• How do you find the inverse of #f(x) = 200*3^(x/4) #?
• What are the asymptotes for #h(x)=5^(x-2)#?
• How do you find the inverse of #g(x)=x-2#?
• What are the asymptotes for #(2x+4)/x^3#?
• How many permutations are there of the letter in the word baseball?
• How do you evaluate 6p4?
• A lottery has a $100 000 first prize, a $25 000 second prize, and five $500 third prizes. A total of 50000 tickets are sold. What is the probability of winning a prize in this lottery?
• What is the probability of #X= 6# successes, using the binomial formula?
• When a event is reported, the probability that is a negative event is 30%. What is the probability that 3 out of 5 reported events are negative?
• What is the median of 5, 19, 2, 28, 25?
• The probability that a new spark plug is defective is 0.06. You need two new spark plugs. What is the probability that both spark plugs are defective?
• An eccentric professor believes that a child with IQ 95 should have reading score 70. What is the equation of the professor's regression line for predicting reading score from IQ?
• How does a regression line relate to the correlation between two variables?
• What is a five number summary?
• In triangle ABC, how do you solve the right triangle given Side AB=17 Side BC=22?
• From the top of the offshore that is 153 feet above sea level the angle of depression of a passing ship is 36 degrees. what is the distance between the ship and the top of the oil rig?
• How do you simplify #1+cot^2theta-cos^2theta-cos^2thetacot^2theta#?
• How do you rationalize the denominator for #sqrt(sinx/cosx)#?
• What is the value of cos pi/2?
• Find sin 2theta if theta is in the first quadrant and tan theta = 40/9 ??
• How do you evaluate #sin (pi / 12) * cos (3 pi / 4) - cos (pi / 12) * sin (3 pi / 4)#?
• Find range of a function given the domain??
• How do you find the exact value of #cosxsinx+sinx=0# in the interval #0<=x<360#?
• How do you solve #sin^2(x) + sinx - 2 = 0#?
• I want to write a counterargument in an argumentative essay, but I have a hard time "un"-proving the point I bring up from the other side of the argument. Should I pick a new point?
• How can you rewrite the following sentence from the first-person perspective of someone in the sentence?: They bought a coat and gave it to the homeless man on the corner.
• What is the collective noun for whales?
• What does this aphorism mean: "the doors of wisdom are never shut."? It is by Benjamin Franklin. What message was Franklin trying to send to the 18th century Americans when he wrote it?
• Please i need a good essay plan to follow when writing an essay on ''babies'' can someone help???
• What is a supporting detail?
• What is the relative pronoun in the following sentence?: The man who wanted to meet you has already left.
• Are numbers adjectives? Is two or three an adjective? Is several or many an adjective?
• A Christmas Carol quotes that show the good intentions of the Ghost of Christmas past?
• Which interrogative pronoun should replace the blank space in the following sentence?: ___ threw the football?
• What ended Reconstruction in the South?
• What was the first act that the Parliament passed in an attempt to raise revenue by taxing the American colonists?
• Under President Ronald Reagan, the United States had the largest peacetime military buildup in history. How was this a challenge to the Soviet Union?
• What led to the rise of the Populist movement, and what effect did it have?
• What was one reason that industry in the south was not as developed as in the north?
• What is the number one cause of death in the United States each year?
• What were the terms of the Kansas-Nebraska act?
• Why was the Mexican-American War knows as "Mr. Polk's War"?
• Which Allied Country was the last to join WWII?
• What effect did new machines have on America?
• How would you describe USA and Italy's intentions behind the terms of the Treaty of Versailles?
• What inventions sped up communication beginning in the late 19th century?
• Bolivia is one of two landlocked countries in South America. What is the other country?
• How to win an argument about a Republic?
• How were early factories powered and who created the first factory?
• Who led Japan during World War ll?
• Why was joining the WTO such a major step for China?
• What country was Bosnia, Croatia, and Serbia once part of?
• What was the turning point battle for the Allies in Europe?
• What three former Soviet republics were the first to join the Commonwealth of Independent States?

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1. Question-Answering Bots: Stuck on a concept? These bots are like walking accounting encyclopedias! Just ask your question, and they’ll dish up clear explanations, examples, and even links to resources. Got a question about double-entry bookkeeping? Ask away!

2. Step-by-Step Solution Providers: Worried you’re lost in a sea of numbers? These AI tutors break down problems into bite-sized steps, guiding you through calculations and explaining each move like a patient coach. Need help calculating an inventory turnover ratio? Let AI be your patient guide!

3. Interactive Practice Platforms: Want to put your skills to the test without the homework pressure? These platforms throw out practice problems like a friendly pitching machine, adjusting difficulty as you improve. Master journal entries, perfect your financial statement analysis, and ace those practice exams!

Now, let’s see how these tools can shine in real-life scenarios:

Scenario: Deciphering a journal entry feels like cracking an ancient code.

AI to the rescue: Ask the question-answering bot about double-entry principles and specific account types. Then, let the step-by-step solution provider walk you through the entry, explaining each debit and credit. Finally, practice similar entries on the interactive platform until you’re a journal entry master!

Scenario: Financial ratios seem like a foreign language.

AI to the rescue: Use the question-answering bot to understand different ratio types and their purpose. Then, try calculating them yourself on the interactive platform, getting instant feedback and explanations from the AI tutor if you need help.

Top 3 AI Resources for Accounting Students: Conquering Homework with Technology

Struggling with debits and credits? Feeling lost in a maze of financial statements? Worry no more! The future of accounting homework is here, and it’s powered by artificial intelligence (AI). Let’s dive into the top 3 AI resources designed to boost your understanding and ace those exams:

1. StudyMonkey:

• Features:  Interactive learning modules, video explanations, personalized practice questions, real-world case studies.
• Strengths:  Deep understanding through engaging methods, adaptable learning paths, avoids rote memorization.
• Weaknesses:  Limited problem-solving support, subscription-based, might not be ideal for quick answer checks.
• Link:   https://studymonkey.ai/subjects/cpa

2. AccountingCoach:

• Features:  Step-by-step solutions for most accounting problems, comprehensive explanations, question search function.
• Strengths:  Excellent for tackling specific problems, detailed answer explanations, readily available solutions.
• Weaknesses:  Focuses on solutions rather than conceptual understanding, limited practice questions, interface might feel dated.
• Link:   https://www.accountingcoach.com/account

3. Chegg’s AI Tutor:

• Features:  Personalized explanations, adaptive practice questions, solutions with multiple approaches, performance tracking.
• Strengths:  Blends conceptual understanding with practice, adjusts difficulty based on your progress, tracks progress for targeted learning.
• Weaknesses:  Primarily text-based explanations, subscription-based, might not be as in-depth as dedicated accounting resources.
• Link:   https://www.chegg.com/homework-help/questions-and-answers/visit-websites-major-accounting-firms-search-ai-machine-learning-think-affect-accounting-p-q88029438

Remember, the ideal AI resource depends on your learning style and needs. StudyMonkey shines for conceptual understanding, AccountingCoach excels at problem-solving, and Chegg’s AI Tutor bridges the gap between the two. Explore each, experiment, and find your perfect AI study buddy!

Top 10 AI Tools for Accounting Homework Help

Maximize Your Gains, Minimize the Drain: Mastering AI for Accounting Homework

With the right approach, AI can be a powerful ally in conquering your accounting homework. But remember, just like any tool, its effectiveness depends on how you use it. Here are some tips to unlock the full potential of AI while maintaining academic integrity and building solid learning skills:

Focus on understanding, not shortcuts: Don’t just blindly accept AI solutions. Dive deeper into explanations, step-by-step breakdowns, and interactive modules to truly grasp the underlying concepts. Think of AI as a helpful guide, not a magic box that spits out answers.

Practice makes perfect (the AI-enhanced kind): After a concept clicks, put your skills to the test with personalized practice questions. Don’t rely solely on AI-generated exercises – seek diverse problems from your textbook, other resources, or even create your own!

Double-check like a detective: Always verify AI solutions. Cross-reference calculations with your textbook, online resources, and even a calculator (gasp!). Develop a healthy skepticism towards automated answers, especially for complex problems.

Become your own accounting sensei: Explain AI solutions to yourself or study partners. This reinforces understanding and helps you identify any gaps in your knowledge. You might even discover a knack for teaching others!

Remember, AI is a tool, not a crutch: Don’t become overly reliant on AI. Use it to clarify doubts, not to skip learning altogether. The more actively you engage with the material, the stronger your foundation will be.

Play fair and ethical: Avoid plagiarism or dishonest use of AI-generated solutions. Use these tools to enhance your learning, not to cheat your way to a good grade. Remember, academic integrity is key!

Learn from the journey, not just the destination: Don’t just passively consume AI explanations. Ask questions, analyze the steps, and connect the dots to build your own problem-solving skills. Turn each homework session into a learning adventure!

Think long-term: View AI as a valuable learning partner, not just a homework quick fix. The deeper understanding you gain will benefit you in future courses and even your professional career.

Remember, you’re the captain of your learning ship: AI is a powerful engine, but you hold the steering wheel. Use it wisely, ethically, and actively to transform your accounting homework from a chore to a rewarding learning journey. With the right approach, you’ll not only conquer those exams but also build a solid foundation for accounting success!

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10 Best AI Tools for Accounting & Finance in 2024

Senior Content Marketing Manager

May 15, 2024

Artificial intelligence is a game-changer for finance teams. If you’re not using AI tools for accounting tasks, you’re making things more complicated than they need to be. 

AI accounting tools can save you time and money while improving business performance. It automates repetitive tasks so you can put your brainpower into more important things like decision-making. 🤠

Ready to let accounting automation transform your workflow? Here are the 10 best AI tools for accounting and finance to get you started.

What to look for in an AI tool for accounting

9. blue dot, 10. truewind.

How Is AI Used in Accounting?

Accounting firms have long used data entry software to reduce human error and improve profitability. When you add AI technology to the mix, magic happens.

Accounting is all about calculations, mathematics, regulated processes, and tax compliance. Those are some of the things automation software does best.

AI accounting software allows accountants to put tedious tasks on autopilot and improve their financial operations. Here are some of the many benefits AI brings to accounting processes:

• AI-powered data prediction
• Faster financial data analysis thanks to advanced algorithms
• Improved financial report accuracy
• Lightning-fast automated invoice processing
• Real-time insights and alerts
• Reduced manual data entry
• Scalability without an increase in manual work

AI tools for accounting provide indisputable benefits, from improving financial insights to automating time-consuming tasks. It’s all about identifying what you’re looking for and finding the right tool.

Everyone from freelance CPAs and startups to Fortune 500 CFOs and large accounting firms can use features like these:

• Automated bookkeeping : AI tools should automate bookkeeping tasks to help you save time, make better decisions, improve expense management, and reduce financial statement errors
• Automated invoice processing : Good AI-powered accounting software can automate payments and invoices to improve expense reports
• Integrations: AI accounting tools that integrate with your other software—from Slack to QuickBooks—make life easier
• Machine learning : Leading AI tools use machine learning algorithms to assess mathematical models and improve processes without instruction; it’s an accounting industry must-have
• Templates: When manual work is required, a good tool can speed it up with bookkeeping templates , payroll templates , and general ledger templates

10 Best AI Tools for Accounting 2024 

The hardest part of finding an AI tool for accounting is sifting through all the options. We’ve narrowed it down to the top 10 tools in 2024.

With this list, you can assess each tool based on the best features, limitations, pricing, and reviews to make the right choice.

ClickUp Accounting is a cloud-based business management software designed to simplify financial processes. Manage accounts, create shareable reports, and let ClickUp Brain act as your digital personal assistant so you can focus on the larger strategy.

ClickUp Brain is an AI-powered virtual assistant that uses natural language processing to help with everything from financial management and project detailing to client check-ins and meeting updates. We’ve built hundreds of AI tools for every aspect of your accounting system.

You can also use ClickUp Docs to create spreadsheets and explore templates for all things finance. 

For example, the ClickUp Accounting Template is designed to help manage your invoices, sales records, income, and predicted revenue. Keep up with accounts receivable and accounts payable (AR/AP) and use resource tracking to improve overall financial performance.

ClickUp has over 1,000 ready-made integrations with other tools to keep everything in one convenient, customizable Dashboard. 

ClickUp best features 

• Choose from hundreds of templates to help with everything from budget and cash flow management to project management
• Use ClickUp Brain’s AI power to summarize financial planning meetings, connect with clients, outline audit policies, update sales forecasting reports, and more
• Choose from over 100 ClickUp Automations to put back-office tasks on autopilot
• Make informed decisions and improve your business’s financial health with help from ClickUp’s ChatGPT Prompts for Finance
• Switch between multiple views, create custom Dashboards for every team member, and use project time tracking to streamline your workflow

ClickUp limitations 

• Some users may face a learning curve with ClickUp’s many features and functionalities (we’ve solved this with free video tutorials for almost everything)
• ClickUp Brain isn’t available on the Free Forever plan

ClickUp pricing 

• Free Forever
• Unlimited: $7/month per user
• Business: $12/month per user
• Enterprise: Contact for pricing
• ClickUp Brain is available on all paid Workspace plans for $5 per member per month

ClickUp ratings and reviews 

• G2: 4.7/5 (8,800+ reviews)
• Capterra: 4.7/5 (3,800+ reviews)

Vic.ai is an AI-powered invoice processing tool with high accuracy rates and advanced machine learning algorithms. It uses powerful algorithms trained on millions of invoices to automate almost every aspect of billing without the need for templates or custom rules.

Once an invoice is uploaded, Vic.ai can extract essential details from invoices, detect duplicates, and put the approval process on autopilot. It also keeps your team on track by identifying which employee needs to review each step of the invoice approval process. 

Vic.ai best features 

• Use integrations with leading enterprise resource planning (ERP) tools to automatically sync financial data
• Reduce human error by allowing Vic.ai to identify and flag duplicate invoices and other accounting mistakes
• Automatically recognize, code, and calculate value-added tax (VAT) and other taxes to improve accuracy and tax compliance
• Improve financial decision-making using insights and analytics based on your accounting firm’s latest data

Vic.ai limitations 

• No visible pricing information; some customers report that the tool is expensive for freelance accounting professionals and small businesses
• Reviews mention a need for additional sorting and report options to improve efficiency

Vic.ai pricing 

• Customers must contact Vic.ai and provide business information to request a price quote

Vic.ai ratings and reviews

• G2: 4.8/5 (20+ reviews)
• Capterra: N/A

Bill is a cloud-based tool that automates AR/AP processes. It’s designed for accounting firms and businesses that want to streamline the billing and invoicing process.

Users also gain access to Divvy From Bill, an automated credit and expense management software, at no extra charge. Divvy offers lines of credit up to $15 million and tools to help control budgets and manage spending.

Bill best features 

• Use smart rules and workflows to automate bill payments and approvals
• Control spending across teams, projects, departments, and vendors with increased visibility
• Get cash-back rewards for eligible purchases made with Divvy lines of credit
• Navigate multiple clients with ease to process AP invoices, approval, and payments

Bill limitations 

• May charge fees from some services and individual transactions
• Bill does not provide support for all credit cards, payment methods, and currencies

Bill pricing 

• Essential: $40/month per user
• Team: $55/month per user
• Corporate: $79/month per user

Bill ratings and reviews 

• G2: 4.3/5 (600+ reviews)
• Capterra: 4.2/5 (200+ reviews)

Indy is an AI workflow and admin program designed for independent professionals. It allows freelancers to create proposals, draft contracts, send invoices, and—most importantly—get paid. 🤑

Bonus: How to Professionally Ask for Payments From a Client

With Indy, you can track your time for effortless billing, negotiate the terms of your contract, store files, and run your business from one convenient dashboard.

Indy best features 

• Take advantage of the free plan and get unlimited access to basic features with limited access to advanced functionality
• Let the Indy AI writing assistant help you create contracts and proposals using ChatGPT technology
• Unify your work using the app’s integration with Zapier and Google Calendar (paid plan only)
• Set up recurring invoices, offer multiple payment options, set tax rates, and keep track of every transaction to ensure tax compliance

Indy limitations 

• Free plan limits users to three clients
• Some user reviews report inaccuracies when manually tracking time

Indy pricing 

• Pro: $12/month per user

Indy ratings and reviews 

• Capterra: 4.7/5 (100+ reviews)

Zeni uses AI to automate accounting, spending, and budgeting processes to streamline financial operations. It provides real-time financial data analysis to improve business decisions, integrating AI with human knowledge for the most effective information.

Use Zeni to automate the time-consuming daily expense tracking and bookkeeping procedures.

Zeni best features 

• Get a top-down perspective on your financial operation using the one-page view
• Compare monthly, quarterly, and yearly reports to track financial progress and identify trends
• Extract necessary data from receipts and forward it to a dedicated email address for consolidation and record-keeping 
• Improve communication and information sharing between multiple teams with automatic updates and notifications

Zeni limitations 

• Some user reviews mention a need for more guidance regarding how to review and process data to improve decision-making
• May be expensive for some freelancers, entrepreneurs, and startups

Zeni pricing 

• Starter: $549/month per month billed annually
• Growth: $799/month per month billed annually

Zeni ratings and reviews 

• G2: 4.7/5 (20+ reviews)

Docyt is an AI-powered bookkeeping platform designed to automate back-office and accounting tasks. Gain insight with real-time reports and ensure financial control over all aspects of your business.

Docyt also allows you to keep all critical financial information and documents in one secure place and create separate vaults for different projects or businesses.

Docyt best features 

• Multiple plans to suit various needs, from expense management to automated bookkeeping for large operations
• The mobile app is easy to use and navigate, providing secure, on-the-go financial tools and information
• Use the expense tracking feature to track and control your business’s budget and cash flow
• Integration with most major POS and PMS systems to provide industry-specific reporting

Docyt limitations 

• Some user reviews mention difficulty connecting with customer support and slow response times
• Some users mention the need for additional features to assist with accounting project management

Docyt pricing 

• Expense Management : $50/month
• Revenue Reconciliation: $50/month
• Corporate Credit Card Management: $50/month
• Mini: $149/month
• Insight: $149/month
• Impact: $299/month
• Advanced: $499/month
• Enterprise: $999/month
• Accounting Firm & CFO: Contact for pricing

Docyt ratings and reviews 

• Capterra: 4.6/5 (30+ reviews)

Gridlex is a unified suite of business tools that includes Gridlex Sky. Sky is an accounting, expenses, and ERP software created by Gridlex to make financial processes easier. 

Use Gridlex Sky to oversee all accounting, expense management, and ERP functions with customizable automations and AI-driven insights. Sky can handle invoicing, billing, payroll, general ledger management, and more.

Gridlex best features 

• Gridlex Sky users also receive access to Gridlex Ray, an HR software, and Gridlex Zip, a CRM and customer service help desk tool
• Eliminate the need for manual work and reduce the risk of human error with automated calculations for profitability, revenue, and expenses
• Use the expense management feature to organize and store receipts and expense claims through a straightforward interface
• Automate expense approvals and reimbursements to reduce administrative processing

Gridlex limitations 

• Lack of customer reviews on popular platforms makes it difficult to gauge the overall user experience
• Advanced features such as revenue recognition automation are not available on the first pricing tier

Gridlex pricing 

• Start: $10/month per user
• Grow: $30/month per user
• Scale: Contact for pricing

Gridlex ratings and reviews 

Booke is a bookkeeping automation tool that makes daily accounting tasks easier. It uses AI technology to reconcile errors and provide real-time data extraction. The more you use it, the better the AI becomes.

Get faster client responses and avoid tedious back-and-forth communication with Booke’s user-friendly messaging portal.

Booke best features 

• Leverage AI to resolve coding errors, categorize transactions, communicate with clients, and automate your work
• Increase efficiency with AI-powered automation for month-end close tasks
• Find and fix errors in seconds with Booke’s advanced error detection features
• Integration with popular tools like QuickBooks and Xero lets you sync your financial data

Booke limitations 

• Lack of user reviews on popular platforms makes it difficult to make a decision based on general customer experiences
• A minimum of five clients for each pricing tier

Booke pricing 

• Smart: $10/month per client
• Premium: $20/month per client
• Robotic AI Bookkeeper : Contact for pricing

Booke ratings and reviews 

Blue Dot is an AI tax compliance platform that uses patented technology to help businesses ensure tax compliance. Reduce tax vulnerabilities for consumer-style spending and get a 360-degree view of all employee-driven transactions.

Use the tax knowledge base to find any information you need for your business and harness the power of natural language processing to leverage external data.

Blue Dot best features 

• Use VAT Box to identify and calculate any eligible or qualified VAT spending
• Let the Taxable Employee Benefits feature leverage AI to detect and analyze wage tax information
• Improve your expense management workflow and let Blue Dot’s proprietary AI-driven suite apply checks and tax rules to keep your business compliant
• Create corporate income tax reports that ensure compliance with minimal need for human input

Blue Dot limitations 

• Can be challenging to get an idea of general customer experiences due to a lack of user reviews on popular platforms
• No visible pricing data

Blue Dot pricing 

• Customers must contact Blue Dot and book a demo to get quotes and pricing information.

Blue Dot ratings and reviews 

Truewind is an AI-driven finance and bookkeeping platform that empowers small businesses and startups. It provides accurate monthly reports and tailored financial solutions for your industry.

Users also receive access to Truewind’s concierge team of experts to ensure precision and transparency.

Truewind best features 

• Make timely, informed business decisions with faster monthly close times and efficient bookkeeping
• Contact and work with certified public accountants (CPAs) who can assist you with every step of your business’s financial processes
• Keep back-office operations accurate with minimal hands-on time so you can put your focus on growing your operation
• Simplify bookkeeping processes and integrate them with the tools you use to make financial management stress-free

Truewind limitations 

• Lack of user feedback on popular review platforms
• No visible pricing and subscription data

Truewind pricing 

• Customers must schedule a demo with Truewind for pricing information.

Truewind ratings and reviews 

Maximize efficiency and accuracy with ai.

The integration of AI software has changed the accounting and finance industries. AI tools use automation to improve the accuracy and speed of financial reporting, offering valuable insights so you can make better decisions. 🌻

If you’re ready to streamline your financial processes, reduce costs, and improve efficiency for all things financial management, it’s time to embrace digital transformation. Get started today— sign up for ClickUp !

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If you’re struggling to stay on top of your assignments, an AI homework solver can help. AI homework tools are designed to make your learning experience easier and more efficient by providing step-by-step solutions that help students understand the process. Using the latest in AI technology, these intelligent homework helpers provide in-depth answers and explanations to a wide variety of homework questions in seconds. From basic math and arithmetic to calculus and trigonometry, AI homework tools can help you master any topic. By utilizing AI-powered learning, students can reduce stress, save time, and gain a deeper understanding of their coursework. Let’s uncover some of the best AI homework help tools on the web.

1. HIX Tutor – Best Homework AI Tool for Better Grades

HIX Tutor is an advanced homework AI for students to use the power of machine learning and advanced AI algorithms to solve their homework problems and get study help. The AI tutor covers many subjects, from math and physics to literature and foreign languages.

Whether you’re a high school or college student, you can benefit from HIX Tutor. This versatile AI homework helper seamlessly adjusts the complexity of its answers and explanations to match the homework topic and grade level of the student.

Learners can get started with HIX Tutor’s AI homework helper for free. However, they need to upgrade to gain access to the tool’s full features and capabilities.

• Can clearly explain concepts in textbooks. 
• Helps students prepare for exams.
• Creates a personalized learning experience. 
• May take a while to learn how to use it if your requirements are complex. 
• Requires an upgraded plan for full access to features. 

Save time and headaches and solve difficult homework problems with HIX Tutor!  

2. GeniusTutor – Best Homework AI Tool for Instant Learning

GeniusTutor can serve as your personal AI tutor by providing instant assistance, guidance, and feedback. The tool is easy to navigate and available 24/7, allowing students to complete assignments at their own pace.T he revolutionary AI homework help tool is trained on a large database of information, ensuring that students can get the most accurate answers and explanations possible.

It also adapts to each user’s unique learning requirements and delivers personalized feedback based on their specific needs. GeniusTutor offers a free trial to determine if the tool is right for you. If it is, you can upgrade to a paid subscription to continue using the AI homework helper without interruption.

• Enables students to verify their homework answers. 
• Can improve math skills and comprehension. 
• Students can try the tool for free, no credit card is required. 
• The free trial has some limitations
• Cannot replace a classroom environment. 

3. HomeworkAI – Best Homework AI Tool for Multiple Input Options

HomeworkAI is a powerful tool to help students gain an advantage in their study. The fast and intelligent homework AI delivers instant solutions to even the most complex homework questions. It is also easy to use and supports several file formats, such as DOC, DOCX, PDF, and file images. Simply upload your assignment and HomeworkAI instantly gets to work to formulate a reliable solution.

HomeworkAI is suitable for students and educators at all levels, ranging from middle school to university. The AI homework tool also covers most subjects, such as mathematics, physics, biology, chemistry, and more.

• Can help students study for exams.
• Accurate solutions can increase academic performance. 
• Strengthens problem-solving skills. 
• Cannot read very large uploads.
• Does not currently offer an app.

4. Question AI – Best Homework AI Tool for Ease of Use

If you want to improve your homework skills, an AI homework help tool like Question AI is an effective option. Question AI has a 98% accuracy rate to ensure that students learn with confidence.  You can use Question AI’s versatile platform to get in-depth solutions to challenging homework problems or prepare for exams.

This AI homework tool also offers flexible input options to make asking homework questions easy. Just type in your query or upload an image or document to get started. Try Question AI at no cost. If you’d like to integrate the sophisticated AI homework helper into your homework routine, consider upgrading to a paid subscription.

• Highly accurate homework helper 
• Offers multilingual support in over 100 languages
• The interface is easy to navigate. 
• Customization is limited.
• Does not currently offer a mobile app.

5. ExamUp – Best Homework AI Tool Overall

ExamUp is a leading AI homework tool that helps students reach academic achievement at all grade levels. Simply snap a photo of your homework and the tool will rapidly generate the correct answer. With this innovative AI homework helper, students can improve their comprehension, grasp challenging homework concepts, and improve their time management when completing assignments.

ExamUp is recommended for students and learners who face difficulties with certain homework topics and want to improve their grades in school. It also caters to learners across the globe by supporting over 30 languages, including English, Spanish, French, Italian, Japanese, and more.

ExamUp offers a free plan that allows students to ask homework questions at no cost, 24/7.

• Has a 99% accuracy rate. 
• Delivers in-depth, step-by-step solutions. 
• Covers many subjects, such as math, physics, biology, and more. 
• Advanced features require a subscription. 
• Free plan is limited.

6. AI Math – Best Homework AI Tool for Mastering Math

Math is one of the toughest homework subjects to master. Fortunately, AI Math makes it easy to learn a wide range of mathematical concepts. Boasting an accuracy rate of 99%, this powerful AI math tool covers many subjects, such as arithmetic, calculus, and trigonometry. It can also solve math word problems and reinforce your understanding of the key math concepts.

Like other homework AI mentioned above, AI Math offers a free trial at no cost. But for continued homework help in math, you need to upgrade to a paid subscription.

• Offers native-level comprehension of 30+ languages.
• Generates math solutions in less than 10 seconds. 
• Creates transparency in the problem-solving process. 
• Only offer math study help.

7. SmartSolve – Best Homework AI Tool for Smart Web Learning

SmartSolve is the ultimate study assistant. The AI homework helper has a 98.97% accuracy rate and covers a full range of subjects, such as history, science, math, and more. This ChatGPT homework AI alternative provides three ways to gain universal support when asking homework questions. Students can directly integrate the tool into learning platforms like Canvas or McGraw Hill. They can also highlight homework questions found online or take a picture of the problems, and get instant solutions from SmartSolve.

SmartSolve offers a 4-day free trial, followed by a paid subscription. Pay $9.99/month for unlimited question-solving and access to SmartSolve’s Chrome extension. Or save 20% with a 6-month subscription for $7.99/month.

• A SmartSolve Chrome extension is available. 
• Online browsing is kept private. 
• Finish homework assignments up to four times faster.
• Requires students to sign up to try the tool. 
• Some users may find a monthly paid subscription too costly.

8. OddityAI – Best Homework AI Tool for Greater Comprehension

From physics and chemistry to biology and literature, OddityAI provides a range of homework solutions. Get help with core subjects like math or science or use the innovative AI essay writer to generate high-quality essays in your own writing style. This AI homework help tool simplifies the homework process by allowing students to quickly generate answers and step-by-step solutions to their schoolwork. Just upload an image and get answers instantly.

OddityAI offers a free trial that includes 30 free uses. Their monthly subscription plan is just $9.99/month for unlimited use. If you prefer to buy as you go, pay just $4.99 for 150 uses.

• Helps students gain a deeper understanding of homework topics.
• Flexible pricing options. 
• Can help with essay writing with features like grammar and spell checks. 
• The tool does not always provide detailed explanations. 
• Students must sign up before they can try the tool. 

9. Smodin – Best Homework AI Tool for Detailed Homework Help

Smodin Omni uses the power of the internet to help students succeed in school. Ask your homework question and Smodin will rapidly search the internet for the correct solution and provide relevant content, explanations, images, and links to related sites. The AI homework help tool covers the most common languages and offers dedicated tools for individual subjects, such as math, physics, chemistry, and biology. It also crafts a list of useful resources, including web results and relevant YouTube videos.

Smodin offers three convenient subscription plans. The Limited Starter Plan is free, the Essentials Plan is $10/month, and the Productive Plan is $29/month.

• The output includes both a short answer and a longer explanation. 
• Students are provided one free credit to try the tool.
• Answers to homework questions can be shared with friends.
• Some unique questions may not have adequate answers in the database.

10. AI Tutors – Best Homework AI Tool for Live Tutor Support

For students who want an option to speak with a human tutor, AI Tutors is a diverse platform that connects students and tutors with 24/7 support. Students simply need to download the app or sign up on the website, post a homework question, and select a tutor. Choose to either connect with a live tutor via Zoom or receive instant feedback.

With AI Tutors, users also have access to unlimited features, such as a plagiarism checker and Google translator. You can get started with AI Tutors by creating a student account. Once you’re signed in, you can post a homework help request for a minimum of $1.

• Offers a free chat where students and tutors can communicate. 
• Available for both iOS and Android devices. 
• Provides a modern UI design that is easy to use and navigate. 
• Answers provided may include plagiarized content.
• Anyone can sign up to be a tutor and may not be qualified. 

Final Thoughts: Use AI to Do Homework and Study More Easily

Students often struggle to keep up with homework and learn new concepts, and homework AI tools can help them with those tasks. The AI homework helpers listed above can give students access to extensive and accurate homework and study helps.  When used ethically, homework AI tools can help students develop their skills in many subjects and boost their grades in school. So integrate AI technology into your daily homework routine and see how it can make your study easier!

This is a   guest post,   created for informational purposes only, and should not be considered as professional advice. Readers are encouraged to conduct their   own research   and consult with relevant experts before making any financial or investment decisions.

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Published: 8 December 2023 Contributors: Matthew Finio, Amanda Downie

Artificial intelligence (AI) in finance is the use of technology, including advanced algorithms and machine learning (ML), to analyze data, automate tasks and improve decision-making in the financial services industry.

Artificial intelligence  in finance refers to the application of a set of technologies, particularly machine learning algorithms, in the finance industry. This fintech enables financial services organizations to improve the efficiency, accuracy and speed of such tasks as data analytics, forecasting, investment management, risk management, fraud detection, customer service and more. AI is modernizing the financial industry by automating traditionally manual banking processes, enabling a better understanding of financial markets and creating ways to engage customers that mimic human intelligence and interaction.

AI is revolutionizing how financial institutions operate and fueling startups. AI models execute trades with unprecedented speed and precision, taking advantage of real-time market data to unlock deeper insights and dictate where investments are made. By analyzing intricate patterns in transaction data sets, AI solutions allow financial organizations to improve risk management , which includes security, fraud, anti-money laundering (AML), know your customer (KYC) and compliance initiatives. AI is also changing the way financial organizations engage with customers, predicting their behavior and understanding their purchase preferences. This enables more personalized interactions, faster and more accurate customer support, credit scoring refinements and innovative products and services.

Overall, the integration of AI in finance is creating a new era of data-driven decision-making, efficiency, security and customer experience in the financial sector. 

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Here are some key areas where AI is commonly applied in the financial industry: 

Algorithmic trading: AI can be used to develop trading algorithms that can analyze market trends and historical data to make decisions and execute trades faster than humans. 

Automation and efficiency : AI can automate repetitive and time-consuming tasks, allowing financial institutions to process large amounts of data faster and more accurately.

Competitive advantage: AI can help financial institutions foster innovation and stay at the forefront of technology, which can give them a competitive edge.

Compliance: AI can automate monitoring and reporting requirements to ensure regulatory compliance

Credit scoring: AI can analyze a variety of data, including social media activity and other online behavior, to assess customers’ creditworthiness and make more accurate credit decisions.

Cost reduction: By automating tasks, financial institutions can reduce manual labor, streamline workflows and improve operational efficiency, which can reduce costs.

Customer service: By answering questions and completing routine tasks 24/7, AI-powered personal assistants and chatbots can reduce the need for human intervention, provide personalized customer service such as real-time credit approvals, and offer consumers improved fraud protection and cybersecurity.

Data analysis: AI can analyze massive amounts of data and extract insights and trends that would be difficult for human data scientists to detect, enabling more informed decision-making and a deeper understanding of market behavior.

Fraud detection: AI algorithms can prevent financial crime, such as fraud and cyberattacks, by identifying unusual patterns in financial transactions. This helps improve security in activities such as online banking and credit card transactions.  

Loan processing: AI can better predict and assess loan risks, and streamline the process and approvals for borrowers by automating tasks such as risk assessment, credit scoring and document verification.

Personal finances: AI tools can help people manage their personal finances by analyzing goals, spending patterns and risk tolerance to develop budgeting advice and savings strategies.

Portfolio management: AI can analyze market conditions and economic indicators to help investors make better decisions and optimize their portfolios.

Predictive analytics: AI can enable predictive modeling, which can help financial organizations anticipate market trends, potential risks and customer behavior.

Risk management: AI can analyze data to help financial organizations assess and manage risks more effectively and create a more secure and stable financial environment.

Sentiment analysis: AI can analyze news sources, social media and other information to gauge market sentiment, which can help predict market trends and influence decision-making.

A diverse set of stakeholders implement, operate, regulate and utilize AI technologies in the financial sector. These include:

Auditors and internal control teams: Responsible for assessing the effectiveness of AI systems, these individuals and groups conduct audits to identify potential issues and risks and ensure efficiency, accuracy and compliance. 

Chief information officers (CIOs) and chief technology officers (CTOs): As overseers of the organization’s technical infrastructure, CIOs and CTOs make key decisions regarding AI implementation, usage and security.

Customers: A positive user experience with AI-driven apps is necessary for customers and end users to have confidence and trust in the financial organization.

Developers: AI developers are responsible for designing and implementing AI systems into the organization, and ensuring their accuracy and effectiveness.

Ethics and diversity officers:  Organizations task these individuals with guarding against bias, ensuring fairness and inclusivity in the use of AI.

Executives : Top executives and the Board of Directors make strategic decisions regarding the implementation and use of AI initiatives and their proper management.

Financial organizations : Banks, investment firms and other financial institutions deploy AI to increase the effectiveness of fraud detection, risk management, underwriting, investment strategies and customer service. 

Legal teams: These teams work with regulators to ensure that AI applications comply with relevant laws and industry regulations.

Risk management teams: As AI is often used for assessing and mitigating risk in financial organizations, these teams monitor the effectiveness of the AI systems. 

The use of AI in finance requires monitoring to ensure proper use and minimal risk. Proactive governance can drive responsible, ethical and transparent AI usage, which is critical as financial institutions handle vast amounts of sensitive data.

Guardrails to ensure ethics, regulatory compliance, transparency and explainability—so that stakeholders understand the decisions made by the financial institution—are essential in order to balance the benefits of AI with responsible and accountable use. By establishing oversight and clear rules regarding its application, AI can continue to evolve as a trusted, powerful tool in the financial industry.

Various types of financial institutions leverage AI to improve efficiency, decision-making and user experience (UX). Some examples of AI in finance include:

Customer service: Conversational AI and natural language processing (NLP) power chatbots that allow banking customers to access account information quickly and efficiently, 24/7.

Cyberattack prevention: AI can use data science to analyze patterns and trends and alert companies to unusual activity.

Financial planning: Robo-advisors use sophisticated algorithms to provide affordable, personalized investment advice based on customers’ goals, risk tolerance and market conditions.

Fraud detection and prevention:  Deep learning can be used to analyze customers’ buying behavior and will and trigger an alert when unusual spending patterns are identified.

Loan eligibility: Lenders are managing risk by deploying AI neural networks to quickly analyze data to determine customers’ creditworthiness.

Trading: Investment firms use AI for algorithmic trading—trades made at high-speed based on real-time data and market trends.

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What is artificial intelligence (AI) in finance?

Artificial intelligence (AI) in finance helps drive insights for data analytics, performance measurement, predictions and forecasting, real-time calculations, customer servicing, intelligent data retrieval, and more. It is a set of technologies that enables financial services organizations to better understand markets and customers, analyze and learn from digital journeys, and engage in a way that mimics human intelligence and interactions at scale.

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How is AI used in finance?

AI in finance can help in five general areas: personalize services and products, create opportunities, manage risk and fraud, enable transparency and compliance, and automate operations and reduce costs.

What is ML in finance?

Machine learning (ML) is a subset of artificial intelligence that enables a system to autonomously learn and improve using neural networks and deep learning, without being explicitly programmed, by feeding it large amounts of data. It allows financial institutions to use the data to train models to solve specific problems with ML algorithms – and provide insights on how to improve them over time.

Applications: How AI can solve real challenges in financial services

Speech recognition.

Convert speech to text to improve your service with insights from customer interactions, such as contact center sales calls , and drive better customer service experiences.

Sentiment analysis

Identify sentiment in a given text with prevailing emotional opinion using natural language AI , such as investment research, chat data sentiment, and more.

Anomaly detection

Detect anomalies, such as fraudulent transactions , financial crime , spoofing in trading, and cyber threats .

Recommendations

Deliver highly personalized recommendations for financial products and services, such as investment advice or banking offers , based on customer journeys, peer interactions, risk preferences, and financial goals.

Translation

Make your content, such as financial news , and apps multilingual with fast, dynamic machine translation at scale to enhance customer interactions and reach more audiences wherever they are.

Document processing

Extract structured and unstructured data from documents and analyze, search and store this data for document-extensive processes, such as loan servicing , and investment opportunity discovery .

Image recognition

Derive insights from images and videos to accelerate insurance claims processing by assessing damage to property such as real estate or vehicles , or expedite customer onboarding with KYC-compliant identity document verification .

Conversations

Delight your customers with human-like AI-powered contact center experiences, such as banking concierge or customer center , to lower costs, and free up your human agents' time. Transform personal finance and give customers more ways to manage their money by bringing smart, intuitive experiences to your apps, websites, digital platforms, and virtual tools.

Data science and analytics

Access a complete suite of data management, analytics, and machine learning tools to generate insights and unlock value from data for business intelligence and decision making.

Predictive modeling

Use data customer, risk, transaction, trading or other data insights to predict specific future outcomes with high degree of precision. These capabilities can be helpful in fraud detection, risk reduction, and customer future needs’ prediction.

Cybersecurity

Automate aspects of cybersecurity by continuously monitoring and analyzing network traffic to detect, prevent, and respond to cyberattacks and threats.

Generative AI

Build new AI-powered search and conversational experiences by creating, recommending, synthesizing, analyzing, and engaging in a natural and responsible way. Watch this demo to see how a financial services firm is transforming the search experience for employees. 

Benefits of AI in Finance

AI can help automate workflows and processes, work autonomously and responsibly, and empower decision making and service delivery. For example, AI can help a payments provider automate aspects of cybersecurity by continuously monitoring and analyzing network traffic. Or, it may enhance a bank’s client-first approach with more flexible, personalized digital banking experiences that meet client needs faster and more securely.

AI can help financial services organizations control manual errors in data processing, analytics, document processing and onboarding, customer interactions, and other tasks through automation and algorithms that follow the same processes every single time.

When AI is used to perform repetitive tasks, people are free to focus on more strategic activities. AI can be used to automate processes like verifying or summarizing documents, transcribing phone calls, or answering customer questions like “what time do you close?” AI bots are often used to perform routine or low-touch tasks in the place of a human.

AI can process more information more quickly than a human, and find patterns and discover relationships in data that a human may miss. That means faster insights to drive decision making, trading communications, risk modeling, compliance management, and more.

Availability

With AI, you can help your customers complete financial tasks, find solutions to meet their goals, and manage and control their finances whenever and where they are. When running in the cloud, AI and ML can continuously work on its assigned activities.

The ability to analyze vast amounts of data quickly can lead to unique and innovative product and service offerings that leapfrog the competition. For instance, AI has been used in predictive analytics to modernize insurance customer experiences without losing the human touch.

The future of AI in financial services

AI will help drive financial services growth. Many organizations have gone digital and learned new ways to sell, add efficiencies, and focus on their data. Going forward, they will need to personalize relationship-based customer engagement at scale. AI plays a key role in helping drive tailored customer responses, make safer and more accountable product and service recommendations, and earn trust by broadening concierge services that are available when customers need them the most.

In addition, financial institutions will need to build strong and unique permission-based digital customer profiles; however, the data they need may exist in silos. By breaking down these silos, applying an AI layer, and leveraging human engagement in a seamless way, financial institutions can create experiences that address the unique needs of their customers while scaling efficiently.

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Home > Blog > 8 Best AI Tools for Finance Teams in 2024

8 Best AI Tools for Finance Teams in 2024

by Shmuel Gordon

Shmuel Gordon

Content manager.

Shmuel is Datarails' Content Manager with a passion for simplifying finance for individuals and businesses. After receiving his degree in Strategy with a minor in Business Administration, he joined the Datarails content and SEO team. In his free time he enjoys playing baseball and football and watching documentaries about unique and extreme places to travel to.

Finance is in the middle of a big transformation. In recent years, companies have put a large focus on automation, as the amount of data and the number of sources that it came from kept getting bigger and bigger.

With the recent focus on AI in finance, companies are scrambling to find the most efficient ways to automate their finance departments and stay ahead of the competition. In this article, we’ll go over the top eight AI tools for finance teams and how they are reshaping the finance industry by streamlining processes and eliminating manual work.

From financial data analysis to budgeting and forecasting , from accounting to tax and compliance, these advanced AI tools empower finance teams to focus on strategic decision-making and value-added activities.

Note: This article covers AI tools for finance teams and finance professionals. For individuals looking to improve or automate their own finances and investing – good for you! It’s very important. However, this article is for finance teams and companies.

How is AI Changing Finance and Accounting?

Many people are worried that AI will completely change finance and even take their jobs. While it might make some manual work obsolete, the reality is AI is just another tool in helping finance professionals do their work.

In fact, we don’t need to look too far to see a similar occurrence – the invention of Excel. Before digital spreadsheets, accountants used to do everything by hand. Fixing and calculating numbers on paper was the vast majority of their work.

When Excel was invented, many finance professionals were worried it would take their job. While many bookkeepers were replaced in the short term, in reality it allowed finance people to do more strategic work and they became far more valuable.

AI is predicted to have a similar outcome. Here are a few ways it will automate and change finance and accounting:

• More realistic forecasts
• Automated data management
• Mergers and Acquisitions (M&A) due diligence
• Faster and more acurate financial analysis

You can read more here about FP&A salaries, careers, and the average pay .

Best AI tools for Finance Departments

1) datarails fp&a genius.

Part of the Finance team that FP&A Genius helps: CFOs and FP&A analysts

Datarails has long been a pioneer of automating manual work and empowering finance professionals to focus on their strategic value.

With the release of FP&A Genius , the ChatGPT style Chatbot for finance professionals, Datarails took their automation to the next level. As finance professionals know, management loves asking “what if” and scenario questions, and FP&A Genius allows them to be answered accurately and far quicker than ever before.

Let’s say you’re in a management meeting and the CEO asks a question that you didn’t specifically prepare for (an all too common scenario). Instead of having to sift through spreadsheets you can type in the question to the AI chatbot and you will receive a data-driven answer within a few seconds.

You can even present it with graphs and visuals with the new feature called Storyboards .

Here are a few highlights of FP&A Genius:

• Connected to real time data – The Datarails chatbot is connected to data in real time, which ensures that each decision is based on the most accurate and up to date information.
• Single source of truth – Like Datarails itself, FP&A Genius connects all of the company’s finance integrations and data sources into one source of truth. 
• Secure data – Unlike ChatGPT and other AI programs, the data that comes from the Datarails’ chatbot is secure and based on trusted and secured sources. 
• Dashboards and visuals – As part of the responses, FP&A Genius provides dashboards and visuals. This helps tremendously when showing the answers to management, as the visuals are straightforward and don’t have to be created in PowerPoint. 

FP&A Genius is an AI tool that has the potential to completely disrupt the FP&A industry, as data is pulled up and questions are answered instantly, accurately, safely, and even with visuals and dashboards to help with reporting. 

FP&A Genius Pricing: Part of the complete Datarails’ FP&A software package. Pricing varies based on customized pricing options.

Part of the Finance team that Domo helps: data analysis and integration.

With its inception in 2010, Domo emerged as a trailblazer in the realm of data analysis and integration. 

Domo’s expertise lies in seamlessly integrating data from diverse sources, consolidating them into a unified and user-friendly dashboard tailored for business decision-makers.

Domo automates business insights through low code and pre code apps, BI and analytics through intuitive dashboards, and of course integrations of real time data from anywhere. 

At the heart of their mission is addressing the challenges of outdated, siloed, and non-real-time data. While most finance teams just miss out on this data, Domo empowers teams by providing a single dashboard that effortlessly aggregates data from Excel, Salesforce, Workday, and over a thousand other apps and finance tools. As Domo is a data connector rather than a data generator, the data is trusted and accurate.

Their easy to use dashboard is meant for anyone to be able to contribute to, while still offering advanced capabilities that enable technical teams to respond quickly to business needs. 

Being that Domo has been a pioneer in the AI field for a while (since 2010), it has also been addressing the worry that AI may replace financial analysts for quite some time. In this case, Domo states that they want to empower employees to make better and more strategic decisions rather than replace them. This is because Domo advertises the software as a connector , not a data generator .

Domo Pricing: Customized pricing based on the amount of data and number of users. 

3) Booke.AI 

Part of the Finance team that Booke AI helps: Bookkeeping and Accounting

Booke leverages AI to automate bookkeeping in the finance team. It fixes uncategorized transactions and coding errors, allows for better client communication, and automates more of your work.

Some of the benefits of Booke include: 

• Effortless month-end close – Not only does Booke automate the bookkeeping aspect of the month-end close, it also finds and fixes errors in your bookkeeping with advanced error detection technology.
• Better client communication – You can streamline your collaboration with clients and get faster responses with their user-friendly portal.
• AI Driven Categorization – Booke becomes more accurate with its categorization as time goes on, and has 80% faster transaction categorization. 
• Two way integrations – Connects to important bookkeeping software like Xero, QuickBooks, and Xoho Books. 
• Extracting data – Booke allows you to extract data from receipts in real time, even in bulk. 

Booke AI Pricing : The Data Entry Automation Hub is priced at $20/month, or $18/month on an annual plan. The Robotic AI Bookkeeper plan is priced at $50/month per user on a monthly plan or $45/month on an annual plan.

Part of the Finance team that Stampli helps: Accounts Payable

Stampli is an AI-driven tool designed to streamline the accounts payable process, ensuring your finance team works efficiently and effectively. Stampli works with your existing ERP systems, including QuickBooks, NetSuite, and Sage Intacct. This ensures a seamless and integrated solution for your invoicing needs.

Some of Stampli’s key features include:

AI-powered data extraction: Stampli uses AI to automatically extract and organize data from your digital invoices, reducing manual labor and errors.

Interactive Invoice Management: The platform allows users to communicate directly on invoices, boosting collaboration and transparency within teams.

Real-time Audit Trails: With Stampli, you can monitor every action on an invoice in real-time, providing insight and control over your financial operations.

AI-Powered Insights : Stampli’s smart technology is capable of learning your unique patterns and vendor behaviors, providing you with predictive insights that can help optimize your invoice management.

Stampli is made for finance teams of any size looking for an intelligent and efficient solution for managing their invoices. Stampli’s advanced features and AI capabilities can help streamline your accounts payable process and improve your financial control.

Stampli Pricing : Stampli doesn’t provide pricing on their website but they offer flexible pricing options (monthly or annually) and include onboarding and support in their initial quote.

5) Nanonets

Part of the Finance team that Nanonets helps: Accounts payable

Nanonets Flow is an innovative platform that uses AI to make finance tasks easier. It helps finance professionals by automating complex processes, so they can focus on making important decisions and growing their business.

One of the key features of Nanonets Flow is its ability to extract important information from documents like invoices, receipts, and bank statements. It uses advanced technology to accurately gather and organize financial data, saving time and reducing errors caused by manual entry.

Nanonets Flow goes beyond just extracting data from documents. It also automates processes, manages workflows, and seamlessly integrates with existing financial systems and accounting software. This all-in-one solution helps finance professionals streamline their work, boost efficiency, and achieve better financial results.

According to the website, Nanonets “processes invoices 10 times faster” and has “no fees for Automated Clearing House (ACH) or card payments”.

Nanonets Flow Pricing:

Starter Plan – $49/user/month ($199/mo fixed price for 5+ users)

Pro Plan – $69/user/month ($499/mo fixed price for 10+ users)

Plus Pan – $99/user/month (Contact to get a customized plan)

6) Planful Predict

Part of the Finance team that Planful Predict helps: FP&A and CFOs

Like FP&A Genius, Planful Predict is a tool as part of FP&A software that is meant for high level CFOs and CEOs. It helps make faster and more accurate decisions, as it takes the place of time-consuming number-crunching and reporting.

Predict combines the data integration of FP&A tools along with AI and Machine Learning to give the most accurate performance and suggestions for driving the business. 

While Datarails FP&A Genius provides dashboards and visualizations to go along with the AI generated answers, Planful Predict focuses on the weak spots in their company’s financials through Planful Predict: Signals. 

“Predict: Signals empowers users to take corrective action by surfacing variances and anomalies in data with AI-driven anomaly detection.”

Planful Predict Pricing: Planful Predict is part of Planful’s platform and yearly contract. They don’t provide pricing on their website but customized quotes are available. 

7) Trullion 

Part of the Finance team that Trullion helps: Accounting teams, specifically compliance and audit.

Trullion uses AI to connect structured and unstructured data together into one platform. This allows finance teams to minimize cost inefficiencies, ensure up-to-date compliance, and save time through automating the accounting process.

Here are a couple of Trullion’s key features:

• Audit – With Trullion, you can access all your data sources in a single location. In addition, the auditing function allows users to effortlessly compare transactions or supporting documents from anywhere, at any time. Save valuable time by conducting audits in a “fraction of the time”.
• Lease Contracts –  Lease contracts are an increasingly time-consuming process for most companies. Leasing is a popular form of contract management and everything from employees’ personal computers to office contracts are done through leases. This leads to many problems with paper trails and tracking. Trullion’s AI empowers you to extract essential data from lease contracts, regardless of their format and effortlessly generate audit-ready reports. 
• Revenue – Trullion upgrades your company’s revenue collection and reporting by seamlessly connecting and managing your CRM, billing, and contract data. Automate the workflow and efficiently handle your revenue recognition with ease. Most importantly, it accelerates the time to close. 

Trullion Pricing: No pricing is provided on the website but various sources put the starting price at $3,000 per year. 

8) Vena Insights

Part of the Finance team that Vena Insights Helps: Financial planning and analysis and sales performance management, 

Vena Insights helps teams use data to make the most informed decisions when it comes to things like budgeting and forecasting, workforce planning, incentive compensation management, tax provisioning, and much more. It uses world-class AI and machine learning to do so, and users like that they don’t need to switch between tools or export data to separate applications to access what they need. 

Here are some of Vena Insights key features:

• Dashboards – Vena makes it easy for users to make their own dashboards that they can customize to include only the data they need and it also allows them to visualize the data in a way that works best for them. 
• Predictive Analytics and Anomaly Detection – Users can make more informed and empowered decisions knowing they have the data they need to improve their forecast accuracy, spot unusual patterns, and make the most scalable predictions.
• Data Analysis Expressions (DAX) – Users can leverage Vena Insights robust calculation engine. It has a flexible formula language in Data Analysis Expressions (DAX) that lets you create calculated functionalities to uncover fresh insights within your data model.

Vena Insights Pricing: Contact Vena for specific pricing details. Offers Professional and Complete plans. Special pricing is available for non-profit organizations.

Finance has traditionally been one of the most manual and repetitive departments within organizations. Thanks to AI, finance professionals will be able to focus more on data driven and strategic decision making activities and less on repetitive and manual work in 2024.

These eight finance tools are great examples of how AI is improving all aspects of finance. No matter what the industry is or the size of the business, there is some way that AI tools can improve the finance department in your company.

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China-developed ai apps gain foothold in us by helping kids do their homework.

Chinese-developed education apps powered by generative artificial intelligence (AI) are making a splash in the US, as their creators seek out overseas markets to drive growth amid intensified competition at home.

Leading the charge are Question.AI, developed by Beijing-based educational technology start-up Zuoyebang, and ByteDance's Gauth. Both generative AI-driven homework helpers, they were ranked among the top three free educational apps in the US on Apple's iOS store and Google Play from February to May, according to mobile app intelligence service AppMagic.

Their success in the US market comes amid growing competition in China, where more than 200 large language models - the technology behind generative AI services like ChatGPT - have been developed for AI applications, half of which were approved by Chinese authorities for public release as of this March.

Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.

The No 1 free educational app in the US is Duolingo, the world's largest language learning platform which has been operating for more than 13 years. Question.AI was launched mid last year while Gauth was rolled out in 2020 under the name Gauthmath, a maths problems solver, before a pivot last year to cover more subjects.

The apps, which are free for basic use but charge for additional functions, are tapping into the capabilities of generative AI to help US students study topics ranging from science, technology, engineering and maths, to economics, physics, chemistry and literature.

Users only need to take a photo of their maths or chemistry homework problem, and the apps will generate solutions accompanied by detailed step-by-step guides and explanations.

AI-powered Chinese apps in the US market have largely escaped the scrutiny confronting TikTok, which faces a ban unless parent ByteDance divests the US operations. Photo: Shutterstock Images alt=AI-powered Chinese apps in the US market have largely escaped the scrutiny confronting TikTok, which faces a ban unless parent ByteDance divests the US operations. Photo: Shutterstock Images>

Gauth was ranked as the world's second most popular educational app on iOS and Google Play platforms, while Question.AI was seventh, according to AppMagic.

More Chinese app developers are now targeting Western markets, including Checkmath, a maths problem solver developed by Yuanfudao, and Talkie AI from Shanghai-based AI start-up Minimax, meant to be an equivalent to US-based Character.ai, which lets users interact with virtual chat bot characters.

Talkie is currently ranked No 4 in entertainment apps on Google Play in the US, behind streaming video apps Tubi, Max and Netflix. Fifth place is taken by Disney+.

While AI-powered Chinese apps in the US market have largely escaped the scrutiny confronting TikTok, which faces a ban unless parent ByteDance divests the US operations, they still face monetisation challenges.

AppMagic data shows that neither Gauth or Question.AI made it into the top 10 grossing apps, which is ranked by revenue, over the last four months.

This article originally appeared in the South China Morning Post (SCMP) , the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2024 South China Morning Post Publishers Ltd. All rights reserved.

Copyright (c) 2024. South China Morning Post Publishers Ltd. All rights reserved.

How to use AI to help with Homework

Homework is meant to reinforce classroom lessons and develop critical thinking skills. Yet stacked assignments with confusing concepts and tight deadlines often leave students overwhelmed and lacking deeply understood foundations.

This is where AI homework helper apps come in - your personalized tutor available 24/7 to explain challenging material conversationally until clarity clicks. AI capabilities transform homework from isolated frustration to engaging progression.

Let's explore top techniques for responsibly leveraging AI to master tricky homework across academic subjects. Say goodbye to late nights guessing answers alone!

Why Students Struggle Through Homework Alone

Attempting to power through homework solo often backfires due to:

1. Ambiguous Instructions - Remembering exact formatting needs or creative constraints can be tough. And complex academic language leaves guesswork for what a question is even asking.

2. Foundational Knowledge Gaps - New lessons build on assumed comprehended concepts from past courses. When fundamentals remain foggy, new material confuses further.

3. Fixed Resources - Attempting to teach yourself new material with just a textbook or sparse online searching provides limited perspectives. Some learning styles need alternate explanations.

4. Tight Deadlines - Getting stuck on one aspect delays completing further questions. And grading pressures magnify anxiety attempting new skills without sample applications.

"The assigned readings felt almost like a foreign language. I understood the overall topic but couldn't grasp key theories well enough to answer homework prompts correctly."

Thankfully AI advancement now provides students customizable support previously unavailable.

Why AI is a Game Changer for Personalized Academic Help

AI homework assistants excel by:

Explaining Concepts Conversationally - Using natural language interactions, AI helps break down confusing aspects into digestible steps while allowing iterative follow-up questions.

Meeting You At Your Level - AI assessment of knowledge gaps lets its explanations start basic before advancing to higher complexity tailored to you.

Providing Visual Examples - Rendering study aid graphics, idea maps, charts and more to suit different learning preferences with visuals assisting memory retention.

Recommending Related Resources - Suggesting complementary videos, textbook sections, online sources to dive deeper across diverse media.

Unlike one-size-fits-all paper textbooks, AI tutors adapt to individuals' pacing and trouble spots for true personalization. Students gain both autonomy and support exactly when needed.

AI technology has been a game changer for understanding the more complex concepts covered in my courses. Asking follow-up questions until a light bulb moment occurs with the AI tutor has led to huge academic confidence boosts and submitting homework on time without guesswork.

Now let's see step-by-step how leading homework helper platforms enable transformative assistance...

A Walkthrough of AI Homework Helpers in Action

Tools like Just Think make it simple to tap into AI knowledge without any app downloads. Here's how students can get homework clarity:

1. Submit Your Homework Question

Snap a photo of the question, copy/paste long-form text prompts into the app interface, or dictate queries aloud via voice notes. This initial input captures the assignment details to be solved.

2. Receive Detailed AI Explanations

The AI homework assistant then gets to work analyzing the question and your knowledge gaps before delivering personalized explanations to teach you step-by-step techniques for solving problems successfully.

Visual elements are incorporated where helpful to simplify complex processes through relationship mappings. Diagrams enhance memory and application for tricky concepts.

3. Ask Iterative Follow-Up Questions

Confused still? The AI allows back and forth dialogue through additional questions from you, then answering conversationally with tweaked vocabulary and examples tailored to the obstacles in your comprehension.

This interactivity removes feelings of being stuck on your own, instead building momentum towards that satisfied "aha!" moment.

Subjects Where AI Homework Help Excels

Here are academic areas where students gain the most from AI writing and comprehension support:

• Algebra, calculus, statistics concepts explained conversationally
• Step-by-step guidance on solving equations
• Personalized approaches if gaps in foundations
• Breaking down complex physics, chemistry, biology theories through diagrams
• Supplemental readings for enhanced understanding
• Math foundations refreshers relevant to scientific formulas
• Timeline visualizations for context around key events, people
• Primary source analyses
• Comparing biases and angles across historians

English Literature

• Summarizing themes across lengthy assigned readings
• Essay starter frameworks tuned to paper requirements
• Grammar and syntax error flagging for polished prose
• Real-time fixes for improving logic flow and efficiency
• Debugging assistance
• Code readability assessments

And many additional academic subjects are supported and expanding further as AI models continuously advance.

Responsible AI Usage for Optimizing Homework

With great power comes great responsibility. While collaborating with an AI homework helper unlocks huge efficiency gains, students should:

1. Use AI Explanations as Learning Springboards

The goal remains deeply comprehending material yourself, not just copying answers. Treat AI guidance as a tutor for unlocking clarity - master concepts explained to cement foundations.

2. Customize Guidance Around Your Strengths/Weaknesses

AI allows playbooks personalized for each student. Be transparent on knowledge gaps needing work so its approach targets areas precisely needing reinforcement.

3. Double Check AI Recommendations

As robust as underlying models may be, the chance of inaccuracies exists. Verify suggestions and fact check against other reputable sources when uncertain.

Following these best practices keeps your growth as the focus while responsibly optimizing academics.

Additional Homework Help Applications

While tackling challenging assignments takes prime advantage of AI powered homework assistance , students can utilize these personalized benefits for:

Studying & Exam Prep - Using conversational questioning to solidify understanding of core curriculum concepts across every subject.

Paper Proofreading & Editing - Getting objective feedback on draft coherence, grammar issues, and areas needing deeper analysis.

1-on-1 Lesson Support - Getting personalized tutoring from AI on topics you struggle most with via ongoing dialogue tailored to the obstacles blocking you.

Interactive Coding Environments - AI suggests tweaks for improving coding project efficiency, structure and offers industry best practice guidance relative to experience level.

The Future of AI & Education

As artificial intelligence research continues steadily improving machine learning models in areas like natural language processing, virtually every academic field will transform.

We're already seeing homework helper platforms acceleration due to capabilities like:

• Answering open-ended questions, not just formulas
• Lifelike dialogue vs rigid responses
• Faster processing of handwritten work
• Personalize guidance around dynamic knowledge

And in the coming years, increasing accountability around model transparency and ethical development will further cement AI assistants as trusted tutors. Soon getting stuck on assignments even in advanced courses will feel like a relic of the past.

Homework that once overwhelmed students attempting to teach themselves now has a personalized AI tutor reachable 24/7. Platforms like Just Think enable moving from confusion to clarity through natural dialogue tailored exactly to individual needs - no matter the academic subject.

With iterative Q&A sessions unlocking foundational comprehension at your own pace plus visual aids accelerating practical applications, homework levels up from isolated frustration to rewarding skill progression thanks to AI's expanded support.

So next time an assignment has you questioning abilities alone late into the night, empower yourself instead with an AI study buddy right by your side until that grades-boosting "aha!" moment. The future of learning looks abundantly bright.

AI Homework Help: Math Solver 4+

Science and education app, joseph rodrick, designed for iphone.

• 5.0 • 1 Rating
• Offers In-App Purchases

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Description.

Presenting our app - Your Premier Homework Helper! This app is a comprehensive tool designed to streamline and enhance your academic experience. Explore its key features: - Snap and Solve: Simply snap a photo of your question and receive a detailed solution with step-by-step explanations. - Manual Input Assistance: Enter any question or problem manually and get a comprehensive answer with detailed breakdowns. - Essay Generation: Effortlessly create well-structured essays on specified topics. - Literary Summaries: Access concise summaries of any literary text. - Multi-Subject Problem Solving: Address questions in a broad range of subjects including Math, Chemistry, Physics, Biology, Economics, Finance, History, Geography, and more. - Grammar and Writing Checks: Achieve flawless writing with tools that check grammar and style. - Language Translations: Easily translate text into various languages. - AI Tutor Assistance: Consult our AI tutor for explanations on any topic or to clarify any aspect of the solutions provided. This app is your essential tool for academic success, equipped with a versatile set of features to boost your learning. Download the app and harness the power of technology at your fingertips! The app offers a subscription plan for unlimited access to all features. • Charges will apply to the iTunes Account at confirmation of purchase. • Subscriptions automatically renew unless auto-renew is turned off at least 24 hours before the end of the current period. • Accounts will be charged for renewal within 24 hours prior to the end of the current period, at the stated renewal cost. • Subscriptions and auto-renewal can be managed by going to the user's Account Settings after purchase. • Any unused portion of a free trial period, if offered, will be forfeited when the user subscribes to that publication, if applicable. Privacy Policy: https://docs.google.com/document/d/1W_fcdP0F1iEo_2MuM_UN1X0U7O8FOwVk7mKFatcff90/edit?usp=sharing Terms of Use: https://docs.google.com/document/d/1zHnuLVjg22sVZIeFsKqRlFSipDEegzD8O1k8kAuBeiA/edit?usp=sharing

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Tired of ChatGPT outages? Claude AI just got its biggest update yet – and it’s free to try

Anthropic's Claude AI chatbot has long been one of the best ChatGPT alternatives and now a big update has taken it to another level – including beating OpenAI's GPT-4o model in some industry standard benchmark tests.

Like Google Gemini , Claude is a family of three different AI models. The new Claude 3.5 Sonnet (which takes the baton from Claude 3 Sonnet) is the company's mid-tier AI model, sitting in between the Claude 3 Haiku (for smaller tasks) and the larger 'Opus' model, which is more like GPT-4 .

This new Sonnet model now powers the browser-based Claude.ai and the Claude iOS app , both of which you can use right now for free. Like ChatGPT, there are Pro and Team subscriptions available for Claude that let you use it more intensely, but the free version gives you a taste of what it can do.

So what's new in Claude 3.5 Sonnet? The big improvements are its ability to handle vision-based tasks – for example, creating charts or transcribing handwritten notes – with Anthropic calling it "our strongest vision model yet". The company also says that Sonnet "shows a marked improvement in grasping nuance, humor, and complex instructions".

The upgraded Claude is also simply faster and smarter than before, edging out ChatGPT's latest GPT-4o model across many benchmarks, according to Anthropic . That includes setting new benchmark high scores for "graduate-level reasoning", "undergraduate-level knowledge" and "coding proficiency".

This means Claude could be a powerful new sidekick if you need help with creative writing, creating presentations and coding – particularly as it now has a new 'Artifacts' side window to help with refining its creations.

Ultimate homework assistant?

Another handy new feature in Claude 3.5 Sonnet is its so-called 'Artifacts' side window, which lets you see and tweak its visual creations without having to scroll back and forth through the chat.

For example, if you ask it to create a text document, graph or website design, these will appear in a separate window alongside your conversation. You can see an example of that in action in the video above, which shows off Claude's potential for creating graphs and presentations.

So how does this all compare to ChatGPT? One thing Claude doesn't have is a voice or audio powers – it's purely a text-based AI assistant. So if you're looking to chat casually with an AI assistant to brainstorm ideas, then ChatGPT remains the best AI tool around.

But Claude 3.5 Sonnet is undoubtedly a powerful new rival for text-based tasks and coding, edging out GPT-4o in benchmarks and giving us an increasingly well-rounded new option for both creative tasks and coding.

The headline AI battle might be ChatGPT vs Google Gemini vs Meta AI , but if you want a fast, smart AI sidekick to help with a variety of tasks, then it's well worth taking Claude 3.5 Sonnet for a spin in its browser version or iOS app.

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More From Forbes

Why f5 is taking the long view on ai.

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While many technology vendors are stumbling over themselves to hype AI , infrastructure provider F5 has been taking a more realistic and data-based approach. In fact, recently released survey results show the company is downright circumspect, highlighting the many risks of AI.

F5’s survey data shows that enterprises are bedeviled by AI difficulties ranging from GPU procurement to data quality and security. But that doesn’t mean AI isn’t a long-term trend. It shows that F5 sees AI as a new application with high data and throughput demands, so it will need a more secure and distributed infrastructure to support it. Not only is this the conclusion of F5’s survey research, but it also synchronizes with our own view at Futuriom .

Attendees listen as a F5 Networks Inc. logo is projected on a wall during the GeekWire Cloud Tech ... [+] Summit in Bellevue, Washington, U.S., on Wednesday, June 27, 2018.

Moving Slowly Toward AI’s Promise

In a global survey of over 700 IT professionals, along with an in-depth survey of another 75 AI decision-makers in North America and the UK, F5 reported that a majority (77%) may be enthusiastically embracing AI, but 72% have had issues with data quality and scaling. These companies also struggle to obtain AI skillsets, build and operate infrastructure, and—sadly—trust the results of their efforts. A stunning 77% of those surveyed said they lacked a single source of truth for their organization’s data.

If firms can’t trust their AI, they’re not going to deploy it strategically. And that seems to be what’s happening: With a few exceptions at very large and very rich companies, AI deployments consist of a scattering of chatbots and copilots that could be of minimal benefit compared to the outlay of effort they require. As a result, companies aren’t yet using generative AI (GenAI) in live apps: A full 69% are still researching use cases, and 63% are working on proofs of concept.

All of this has been leading F5 to take a long-term view of AI and what it means for the future of infrastructure.

“We overestimate what will happen in the next twenty-four months, but we underestimate what will happen in the next ten to twenty years,” F5 CEO François Locoh-Donou told me in an interview with me earlier this year. “There’s a bit of overestimation for the next twelve months. There's a lot of hype. We are a couple of years away from seeing the real deployments and five years from how enterprises build their infrastructure.”

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Locoh-Donou describes AI as a long-term transformation which will lead to big adjustments by enterprises as well as vendors. At its annual AppWorld conference held earlier in the year, the company unveiled its strategy to create an end-to-end suite of app delivery and security capabilities. This type of infrastructure will be key to supporting AI, which will generate enormous amounts of data and demand high-performance, secure connectivity.

“We think we have entered the world of distributed applications,” F5 CEO François Locoh-Donou. “AI accelerates the distribution of networking and accelerates the need for secure multicloud networking.”

AI Security Issues Loom Large

The F5 survey points out that the data struggle is taking place even in the 53% of companies that claim to have a data strategy in place. But those strategies often don’t align with the needs of AI. Companies successful in implementing mission-critical AI have defined a separate AI strategy targeting specific use cases, and they’ve done their homework in researching technology approaches and setting up trials. In contrast, the laggard firms appear to have approached AI projects in the same way they’ve always worked with data, throwing solutions at the AI problem that worked with business intelligence and other “legacy” applications.

“Our report highlights a concerning trend: Many enterprises, in their eagerness to harness AI, overlook the need for a solid foundation,” said Kunal Anand, EVP and CTO at F5, in a press release. “This oversight not only diminishes the effectiveness of their AI solutions but also exposes them to a multitude of security threats.”

For enterprises undertaking AI projects, security is a many-headed monster. There are internal threats, such as increased corporate liability as a result of AI (reported by 27% of F5’s sample as a top concern); data privacy (23%); and data leakage (21%).

But the potential for AI-powered external attacks was reported as the chief concern of AI security among 29% of enterprises in the F5 study. As a result, 42% of companies surveyed are adding API security; 39% are adding DDoS protection for AI models; and 38% are adding bot protection for models. Overall, respondents are planning to spend 44% more on security over the next several years as AI implementations grow, according to the F5 survey.

AI will accelerate the need for securing APIs as well as additional security features, says F5.

Source: F5’s 2024 State of AI Application Strategy Report.

The need for tighter security for AI workloads also should lead to market innovation, according to F5. “AI will accelerate the distribution of workloads. It will accelerate the need for securing APIs,” said CEO Locoh-Donou in my interview with him. “There will be some AI-enabled security capabilities that will be table stakes quickly. After that, AI will cause new applications services to emerge. Things like AI gateways might be mainstream application services.”

Turning to the Cloud

The trouble with AI deployments is pointing enterprises toward AI models and attendant services offered by public cloud providers such as AWS, Microsoft, and Google Cloud. While open-source models are also favored, it seems that models from the likes of Microsoft that include integral authentication, security, and monitoring are gaining in popularity. To quote from the report: “It’s not only the model itself that’s important; it’s the availability of a robust ecosystem of services that support access to the model and integration with it.

The report also notes: “This is why the most popular AI models are often offered by cloudproviders. The providers already deliver a rich set of services that support applications of all kinds to greatly simplify adoption of their models.”

Why AI Will Accelerate Hybrid Cloud

While AI models and services are increasingly available from key public cloud providers, there’s evidence in F5’s survey that in the future, customers will continue to deploy a hybrid cloud approach supporting both on-premises and public cloud services. But they will increase the use of SaaS solutions: Today, 49% of those surveyed by F5 said they preferred SaaS as a delivery model for AI, but in two years 64% expect to favor SaaS for AI.

At the same time, use of public cloud is expected to dip slightly, with 65% of respondents reporting use today, and 56% anticipating public cloud use for AI within two years.

Conclusion: Better Data, Tighter Security Is Needed

None of the problems cited in F5’s study is putting off corporate buyers. Indeed, survey respondents reported that 18% of their IT budgets are being spent on AI today; and a full 94% expect that percentage to increase over the next two years.

To realize workflow automation, however, companies will need to get a handle on the quality and maturity of their data sources. Absent this, they can expect to fall short of the hoped-for solutions AI promises.

As AI workloads straighten out and move past trials, security will become tighter and more granular, particularly in the area of APIs, which are the primary means of enterprise interaction with SaaS solutions, the preferred vehicle for AI delivery.

Overall, F5’s survey offers yet another indication that the enterprise world is still struggling to grasp the fundamentals of AI applications, and it will be at least a couple of years before tangible results are widespread.

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• Small Business

These 5 Business Types Have the Highest Odds of Success in 2024

Updated June 24, 2024 - First published on June 23, 2024

By: Dana George

• No business is guaranteed success, but some are in a better position than others to survive.
• Look for a business that people will care about in 10 years.
• The ideal business marries your passion with a practical idea.

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Starting a business is a huge undertaking. Anyone who goes into business would like assurances that theirs will be a huge success. Unfortunately, there are no guarantees, no matter what type of business a person starts. 

1. Technology businesses

Why they're likely to succeed: Despite recent layoffs, the tech sector will continue to grow. Rapid advancements fuel the need for professionals who can do everything -- from teaching others how to make the most of their technology to teaching professionals how to make repairs.

Business ideas

• Artificial intelligence (AI) expert: If you have a deep knowledge of AI and have always wanted to develop AI-driven products or services, now may be your time as more businesses open their wallets to invest in AI.
• Software as a Service (SaaS) professional: The introduction of AI has not cooled the need for those who can provide software solutions for businesses and individuals.
• Technology consultant: A consulting business would allow you to charge companies for your tech expertise. The good news is that technology is not going anywhere, and once you get it established, your business is likely to be around for decades.
• Cybersecurity expert: Now that nearly all businesses count on technology to keep their businesses up and running, there's a greater need for experts who can help protect digital assets and corporate privacy.

2. Janitorial services

Why they're likely to succeed: For hundreds of years, there's been a demand for people who can efficiently clean a building or residence. The cleaning equipment may be different, but a top-notch cleaning company can easily fill their business bank account with cash. 

• Home cleaning expert: Given the number of people who don't have time to clean their homes, a dependable home cleaning expert could scale their small business rather quickly. Fortunately, it doesn't take much capital to start a home cleaning service.
• Business cleaning professional: Offices will always need to be cleaned, and businesses will always be on the lookout for cleaning professionals they can trust to get the job done. While start-up costs may be a bit higher for those who choose to clean businesses, it's still inexpensive compared to other types of businesses.

3. Renewable energy experts

Why they're likely to succeed: The Earth is heating up, and everything, from weather patterns to air turbulence, has been impacted. In response to the warming planet, the global focus has shifted to creating renewable energy and reducing carbon footprints.

• Environmental consultant: An environmental consultant provides businesses with a step-by-step plan to reduce their operations' environmental impact. If your background is in environmental science, you may have the expertise needed to help guide businesses as they do their part to fight global warming and waste.
• Solar and wind energy sales: Any business that helps provide clean energy alternatives has a good chance of success, especially after it has earned a reputation for providing energy alternatives that fit a customer's needs and budget.

4. Pet care services

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Consider these business credit cards that offer a convenient and efficient way to separate personal and business expenses, simplifying accounting and tax reporting.

Additionally, business cards can provide valuable perks such as rewards points, cashback, and expense tracking tools, enhancing financial management and the potential to help save money in the long run.

• Pet walker: Pet walkers allow pet owners to work without worrying about whether the dogs are getting the exercise they need. On average, pet walkers earn $20 for a 30-minute walk, and it's an entirely scalable business. That may mean walking several dogs at one time or continually taking on new clients.
• Pet groomer: While everyone wants their pets to look their best, not everyone has the talent to groom them. That's where a good pet groomer is worth their weight in gold. Building a long list of faithful clients is possible, whether you're an experienced groomer or plan to be trained.
• Pet trainers: If you always have well-behaved animals at home and you know how to make your training techniques work for others, your expertise is a skill plenty of frustrated pet owners would be happy to pay for.

5. Online businesses

Why they're likely to succeed: The shift toward online shopping and learning means you have a larger pool of potential customers than ever.  

• E-commerce business owner: E-commerce business owners operate entirely online. You're responsible for everything, from purchasing inventory to marketing and shipping.
• Dropship business owner: When you dropship, you advertise products owned by other companies. You set a high enough price to make a profit, make the sale, and collect the money. You then pay the dropshipping company the asking price for the product and give it the customer's mailing address. If you want happy customers, though, you'll need to dedicate yourself to only working with drop shippers who guarantee fast shipping.
• Online tutoring: Whether your special skill is speaking Norwegian or advanced mathematics, there are people willing to pay you to tutor them or their children. Like the Zoom video meetings conducted during the pandemic, your classroom is totally online. 

Often, a business's success comes down to customer demand and satisfaction. To fill customer demand, research the business you're considering to ensure customers need your goods or services. If you want a business to thrive, focus on making your customers so happy with your service that they'll recommend you to others. 

Finally, the magic ingredient that helps any business succeed is passion. If you're passionate about what you do, it's sure to show. 

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Dana is a full-time personal finance writer, with more than two decades of experience. Her focus is on helping readers feel less alone as they navigate their personal finances and offering actionable insights.

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Teaching AI Skills Through Capstone Simulations

• To be competitive in today’s workplace, graduates must know how to leverage AI in every business function, particularly strategic decision-making.
• When students use AI in team-based simulations, they can gain additional insights by analyzing how their peers employ technology to create financial benefits.
• During simulations, students also can improve their skills in areas such as decision-making, problem-solving, communication, and data visualization using AI.

  Recent studies show that college students generally feel positive about using generative artificial intelligence (GenAI) to support their learning, but they have some apprehensions as well. Those conclusions are explored in a 2023 survey of almost 400 undergraduates and postgraduates at Hong Kong universities.

For instance, some students are concerned about the accuracy, privacy, and potential ethical violations of GenAI. Others worry that GenAI could impact their career prospects by diminishing the value of their skills and expertise or displacing them from their jobs.

However, most professionals believe that workers won’t be replaced by AI —they’ll be replaced by workers who know how to leverage AI. To remain competitive in the new business landscape, students must master AI-related skills such as prompt management, and they must learn how to use AI in virtually every business function.

Business graduates who understand how to use AI in strategic decision-making could even have an edge over experienced professionals who are currently in the workplace. That’s because very few of today’s executives currently are relying on AI in strategy discussions, according to a 2023 report from McKinsey & Company that features an interview with senior partner Yuval Atsmon.

Atsmon notes that, among respondents to a survey about using AI at work, only 7 percent say they rely on it in strategy or financial planning situations. By contrast, he says, “in areas like marketing, supply chain, and service operations, it’s 25 or 30 percent.” By failing to incorporate AI into strategy decisions, he says, business leaders lose the ability to understand root drivers of performance or anticipate future scenarios. He adds, “Both diagnostics and prediction are areas that AI can greatly improve today.”

For all these reasons, it is our role and responsibility as business faculty to provide students with safe spaces where they can become adept at using AI conscientiously. Part of our job is to help students understand the ways that generative AI can supplement—not replace—human capital and creativity. We want them to view AI not as a threat, but as a tool that enhances their learning and helps them accomplish their career goals.

A Practical Application

At Mercer University’s Stetson-Hatcher School of Business in Georgia, we prioritize active hands-on learning over passive theoretical learning. We believe that if we encourage students to leverage AI to solve complex interdisciplinary problems in a controlled learning environment with defined end-state goals, we will accelerate the pace at which they learn the new technology.

Business simulations provide users with opportunities to combine interdisciplinary subject knowledge from fields such as management, marketing, operations, finance, and accounting. As students incorporate existing knowledge into their decision-making processes, they also create new connections between business functions.

If we encourage students to leverage AI to solve complex interdisciplinary problems in a controlled learning environment, we will accelerate the pace at which they learn the new technology.

Therefore, in Mercer’s MBA capstone course on strategic management, our faculty allow students to use GenAI as a supplemental tool during their semesterlong simulation projects. In the capstone simulation from Capsim Management Simulation Inc. , students are assigned to fictional companies that manufacture and sell a variety of sensors to five different market segments.

Throughout the semester, they compete in teams for profitable market share by making decisions about product offerings, marketing mix, distribution channels, production capabilities, human resource policies, and financial actions. Competitive positions are measured by a scorecard that includes metrics such as ending stock price, contribution margin, customer awareness, and employee turnover.

To further enhance the active learning experience, we encourage students to leverage AI for their simulation performance. They can consult any type of generative AI, but we suggest ChatGPT. Our intent is to enable them to practice using it to solve problems the way they would in the real world.

At the beginning of the simulated competition, students are prompted “to consider the potential benefits of integrating AI into your learning and decision-making processes during the course of the Capsim simulation.” Students pose specific questions to the AI tool, then evaluate and iterate upon the answers that result. This enhances the realism of the simulation.

We suggest different categories of questions but allow the students to consult the AI tool for any purpose/function they prefer. On a discussion thread, students share the questions they have asked and their analyses of the AI’s responses. Then they read the posts of other students in the class and respond to at least one of them. This provides an opportunity for peer learning in a constantly changing context.

Notable Benefits

Toward the end of the competition, we ask students to once again reflect on their AI experience. We have found that, when students use AI during simulation projects, they enhance their learning in six ways. Most notably, they improve their decision-making abilities as they analyze the potential outcomes and consequences of different scenarios, and they enhance their problem-solving capabilities as they brainstorm potential solutions to common problems such as customer dissatisfaction.

While students find AI to be a powerful resource in the decision-making process, they quickly realize that they cannot blindly follow the AI’s suggestions. Instead, they have to rely on their own decision-making and assessment skills to evaluate the tool’s feedback and choose which of its suggestions to take.

Many report that they use AI as the starting point for their team discussions and build on its feedback. As they develop their prompt management skills throughout the project, students discover that the more precise they are with their prompts, the better responses they will receive from AI. They also find that general questions lead to general answers; accordingly, they learn to deepen their critical thinking to better define the problems to be solved.

While students find AI to be a powerful resource in the decision-making process, they quickly realize that they cannot blindly follow the AI’s suggestions.

There are four other benefits that come from having students use AI during business simulations:

They strengthen their strategy development skills as they brainstorm ideas and evaluate courses of action.

They enhance their communication capabilities as they facilitate collaboration and workload distribution in team interactions.

They improve their learning and adaptability skills when they adjust strategies based on competition and customer feedback. They can analyze the performance metrics of the teams they’re competing against to see how the tool can be deployed to create financial benefits. This experience improves learning outcomes.

They develop their data analysis and visualization skills as they generate reports; improve business metrics; and analyze market trends, competitor behavior, and financial data with the goal of making more informed choices.

Some students are overwhelmed by the breadth of the possible uses for AI. Others are intimidated by what they perceive to be a complex tool. Still others don’t think it is useful and actively avoid using it entirely. But when they’re working in the fictitious realm of a simulation, all students have an opportunity to apply AI tools within a safe environment as they work toward a specific goal.

The Student Perspective

One MBA student who recently found great value in using AI in the semesterlong simulation is Gregory Williams. Williams, a co-author of this article, is also a consultant at Microsoft. He argues that deploying AI in the classroom is integral for real-world preparedness because it bridges the gap between classroom learning and corporate expectations.

He also believes that AI can significantly enrich the learning experience by providing real-time data analysis, predictive analytics, and decision-making support, allowing students to engage in deeper, more strategic thinking.

Deploying AI in the classroom is integral for real-world preparedness because it bridges the gap between classroom learning and corporate expectations.

Williams proposes that, in addition to using the technology in capstone courses, universities take these three steps:

1. Invest in AI infrastructure. Universities should provide access to AI technologies and databases that reflect current industry practices, so students have a chance to work with tools used in the corporate world.

2. Provide mandatory, comprehensive AI training. Topics should include data security, ethical use of AI, and practical applications of AI in business decision-making. Williams believes that this training will demystify AI for students, meaning they will see it as a standard tool rather than a potential avenue for academic dishonesty.

3. Revise honor codes. Schools should specify what is allowed in terms of AI use and what constitutes a violation. This clarity will empower students to use AI without fear of unintended consequences.

Where We Are Now

In the past, business school graduates worried that their technical skills weren’t as advanced as those of engineering graduates. Today, they worry that their AI-related skills might not be strong enough to make them competitive in the job market.

Because AI can play such a vital role in the corporate sector, it is critical for business educators to actively encourage the use of AI in their classrooms. When schools align academic standards with industry practices, they will dissolve the barriers that inhibit the use of AI. Furthermore, they will foster environments where academic and corporate competencies are seamlessly integrated.

If we can supply students with hands-on learning opportunities in the classroom, we can ensure that they will feel less anxiety and more confidence about using AI tools in the workplace. If we want to develop business leaders who use AI responsibly, we need to create a curriculum in which students learn to embrace technology, not fear it.

• artificial intelligence
• career prep
• lifelong learning

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