Business function

AI use cases for finance and accounting

Accounts payable and receivable, reconciliation, close, planning and reporting.

Use cases
13
Deployments
43
Organizations
39
Outcome disclosed
53%

13 Finance and accounting use cases

39 organizations in 12 countries run these use cases in public. 53% of those 43 deployments disclose a measurable outcome.

Cross industryPharma and life sciences

AI agent for travel and expense report audit

An AI agent that checks every travel and expense report line against policy, receipts and prior submissions instead of a small manual sample, flags duplicates, altered receipts and policy violations with the evidence attached, and auto approves the clean majority so auditors spend their time on the reports that are genuinely risky.

Deployments
2 public, best grade C
Reported automation rate
72%
Databricks, vendor claim
Cross industryBanking

AI assistant for procurement and supplier contract review

An assistant for procurement and vendor management that reads supplier contracts and proposals, extracts the key terms, flags deviations from the organization's standard positions, drafts requests for proposal and evaluation matrices, and prepares negotiation positions, with a procurement or legal owner approving every conclusion.

Deployments
5 public, best grade B
Autonomy
Copilot
Government and public sector

AI assistant for tax questions and filing support

An AI assistant that answers taxpayers' questions about taxes, deadlines, refunds and payments, lets authenticated taxpayers check their status or set up a payment plan within set rules, and guides them through filing, while assessments, penalties and disputes stay with the tax authority's staff and systems.

Deployments
4 public, best grade B
Reported accuracy
83%
HM Revenue and Customs, organization claim
BankingCross industry

AI cash flow forecasting for corporate treasury

Machine learning and conversational analytics, offered by some banks inside their cash management platforms, that categorise a company's cash flows, forecast positions across accounts and currencies, and answer treasurers' questions in plain language, so the treasury team decides on funding and idle balances with better information and less spreadsheet work.

Deployments
5 public, best grade B
Reported productivity gain
about 90%
JPMorgan Chase, organization claim
Cross industryGovernment and public sector

AI document intelligence for unstructured forms and documents

AI that takes documents in any format, such as scanned forms, PDFs, photos, emails and handwritten notes, splits and classifies them, extracts the required fields with a confidence score, validates them against business rules and source systems, and sends only the uncertain cases to a person before the data enters the downstream process.

Deployments
5 public, best grade B
Reported accuracy
at least 90%
Ancine, vendor claim
Cross industryManufacturing

AI for cash application and remittance matching

AI that reads remittance advices in many formats, matches incoming customer payments to open receivable invoices, proposes deduction and short pay reason codes from prior resolutions, and routes only the genuine exceptions to a cash application analyst, so the accounts receivable sub ledger clears itself for the clean majority of payments.

Deployments
2 public, best grade C
Reported automation rate
98%
Keurig Dr Pepper, vendor claim
BankingPayments and cards

AI for fee and interest leakage detection

An independent verification layer that recomputes what each fee, FX margin, spread and interest charge should have been under the contract and pricing tables, compares it with what was actually billed, and surfaces overcharges and undercharges account by account for correction, customer remediation and revenue recovery.

Deployments
1 public, best grade B
Autonomy
Copilot
BankingPayments and cards

AI for ledger and payment reconciliation

AI that matches entries across nostro and vostro statements, card and scheme settlement files, the general ledger and suspense accounts, proposes matches and clearing journals, and routes only the genuine breaks to an operator with a plain language explanation.

Deployments
4 public, best grade B
Autonomy
Supervised agent
BankingInsurance

AI for regulatory report assembly

AI that assembles periodic and data driven regulatory filings and returns, such as prudential and statistical returns, threshold and transaction reports and disclosure packs, by pulling data into the regulator's schema, validating it, reconciling figures to source, explaining movements against prior periods and drafting commentary, before a named officer reviews and submits. Narratives for individual suspicious activity cases are a separate use case.

Deployments
2 public, best grade B
Autonomy
Copilot
Cross industryBanking

AI for supplier invoice processing in accounts payable

AI that captures supplier invoices from any format, extracts header and line data, matches them to purchase orders and goods receipts, proposes tax and cost centre coding, flags duplicates and suspected fraud, and routes them for approval and posting, leaving only exceptions to accounts payable staff.

Deployments
4 public, best grade B
Reported productivity gain
80%
Kingfisher, organization claim
Healthcare

AI medical coding for clinical encounters

AI that reads the clinical documentation of an encounter and assigns the diagnosis and procedure codes (such as ICD-10, CPT and HCPCS) needed for billing and reporting, either as suggestions for a certified coder or autonomously for encounters it can code with high confidence, sending the rest to coders with the reasons.

Deployments
3 public, best grade B
Reported accuracy
98.3%
Your Health, organization claim
Cross industryGovernment and public sector

AI spend classification and spend analytics for procurement

AI that reads purchase orders, invoices, card transactions and contracts and assigns each line of spend to a category in the organization's taxonomy, and to the right supplier, so that procurement can see what is bought, from whom and where to consolidate or negotiate.

Deployments
4 public, best grade B
Autonomy
Supervised agent
Cross industryBanking

Generative AI copilot for internal audit

A copilot for internal auditors that drafts planning memos and document request lists from prior audits, summarises large evidence sets, builds risk and control matrices from policies and process documents, and drafts findings and reports, with every statement traceable to its evidence and a qualified auditor accountable for every conclusion.

Deployments
3 public, best grade C
Reported handling time reduction
55%
Banco Bradesco, vendor claim

What the evidence says

Computed from the 43 public deployments behind these use cases. Numbers update with every checked record.

Benchmarks with at least 3 pooled values

Benchmarks across Finance and accounting use cases
KPIMedianReported rangeData pointsClaimed by
Productivity gain67.5%
30% to 90%
Not pooled: up to 90%, up to 87.5%
6plus 2 up to3 organization, 3 vendor
Automation rate95.5%
63% to 98%
51 organization, 4 vendor
Accuracy90%
83% to 98.3%
32 organization, 1 vendor
Handling time reduction55% vendor reported
30% to 90%
33 vendor
Deployments by stage
  • Announced
    1
  • Pilot
    2
  • Production
    31
  • Scaled
    8
  • Paused or rolled back
    1
Public deployments by region
  • North America
    28
  • Asia Pacific
    5
  • Europe
    5
  • Latin America
    3
  • Global
    2

Organizations with a public deployment

Administration for Children and Families, Amtrak, Ancine, Banco Bradesco, Bank of America, Board of Governors of the Federal Reserve System, British Columbia Investment Management Corporation, ClearTax, Comrade Trustee Services, Databricks, Domino's Pizza, Federal Deposit Insurance Corporation, General Services Administration, Ginnie Mae, HM Revenue and Customs, Internal Revenue Service, JPMorgan Chase, Keurig Dr Pepper, Kingfisher, Mass General Brigham, National Bank of Greece (Cyprus), National Credit Union Administration, Prysmian, Pupuk Indonesia, ResMed, State Bank of India, Takeda, U.S. Citizenship and Immigration Services, U.S. Department of Agriculture, U.S. General Services Administration, U.S. Immigration and Customs Enforcement, US Department of Veterans Affairs, Veterans Health Administration, Veolia, Veterans Health Administration, Volvo Group, Walmart, World Food Programme, XP Inc., Your Health.