Time

<p>Australian small businesses are increasingly turning to <a href="https://www.cryptopolitan.com/ai/" rel="noopener noreferrer nofollow">artificial intelligence (AI)</a> to boost profits and streamline paperwork. With 20% of these enterprises planning to invest in AI technologies and 23% already having done so, the trend signifies a major change in operational strategies.</p>
<h2 class="wp-block-heading" id="cutting-down-admin-time">Cutting down admin time</h2>
<p>At the forefront of this transformation is the introduction of NAB Bookkeeper. It’s a tool designed to cut down administrative time by up to five hours weekly. Developed through a partnership between NAB and the startup Thriday, this tool leverages machine learning to automate essential financial tasks. From invoicing and tax calculations to cash flow management, NAB Bookkeeper integrates these services into NAB’s internet banking, offering real-time insights and automated accounting.</p>
<p>Ana Marinkovic, NAB Executive for Small Business, emphasized the importance of AI in leveling the playing field for small businesses, allowing them access to technologies previously reserved for larger corporations. By reducing manual tasks, small business owners can now focus on broader strategic goals.</p>
<h2 class="wp-block-heading" id="no-cost-trial-and-secure-tech">No-cost trial and secure tech</h2>
<p>NAB is offering a six-month free trial of NAB Bookkeeper, with no lock-in contracts or tier-based pricing. It’s an attractive proposition for small businesses looking to explore the benefits of AI without immediate financial commitment. The tool is not only a time-saver but also ensures high levels of data security, adhering to NAB’s rigorous security standards.</p>
<p>Thriday Co-founder &amp; CEO, Michael Nuciforo, highlighted the platform’s unique value in simplifying financial management for small businesses by integrating banking, accounting, and tax services into a single solution.</p>
<p>With this AI-driven approach, Australian small businesses are poised for increased efficiency and profitability. NAB Bookkeeper represents an advancement in financial management technology. It’s promising a future where small businesses can compete more effectively in the digital age.</p>

Australian Small Businesses Save Time and Money Using AI

Table of Contents

Cryptopolitan_News

Other articles published on Mar 18, 2024

From Past to Present: The Evolution of Prague Gaming & TECH Summit

Bitcoin miners increasingly rely on government handouts to compete

Why Are Ethernity (ERN) and Trader Joe (JOE) Prices Pumping?

Cardano refutes rumors it abandoned its scaling project Hydra

XRP is now trading on the treasury-approved Atlantis crypto platform

Cardano and Mehen Finance Roll Out USDM, a Dollar-Backed Stablecoin

Join our free newsletter for daily crypto updates!