Powered by OpenAI, will enable businesses to reduce time spent on manual financial work by up to 75%
SINGAPORE 3 June 2024 – Aspire, the leading all-in-one finance platform in Asia, today announced the launch of “Aspire AI”, an enhanced suite of AI-powered features designed to provide businesses with real-time analytics and streamline financial processes with smarter automation. This launch marks a significant advancement in Aspire’s commitment to improving finance management solutions for businesses and driving innovation in the fintech space.
Amid concerns about rising inflation rates and an uncertain global business climate, many Singapore businesses are prioritizing operational productivity through the use of technology including AI. However, there continues to be a significant gap between AI’s potential in finance automation versus its implementation. A recent report highlights 80% of all finance work has the potential for automation and increased operational efficiency for businesses in the digital age. Aspire AI will enable businesses across Asia to leverage its AI-powered tools to lean into the untapped capabilities of their financial operations.
“We aim to make financial management as easy and intuitive as possible for all types of businesses across Asia. Launching “Aspire AI” is a significant step towards achieving this goal,” says Andrea Baronchelli, Co-Founder and CEO of Aspire. “AI continues to be a critical driver for innovation, and by harnessing these technological capabilities we can provide companies with real-time financial insights, so founders & business owners can make faster and more informed business decisions, as compared to the past where financial data may take several quarters to collate.”
The newly launched “Aspire AI” includes key upgrades to Aspire’s analytics dashboard, allowing businesses to gain a bird’s eye view across their finances to make data-driven decisions in real-time. Furthermore, clients can benefit from expenses that code themselves, automated month-end closing process and instant receipt matching, significantly reducing the manual work required for finance teams. Additionally, clients will enjoy greater peace of mind with increased security features enabled by AI like smarter fraud detection and automatic card freezing at the first sign of irregular activity or fraud.
“Aspire AI Assistant”, an additional feature in beta powered by OpenAI, will offer clients an intuitive chat-to-action interface to interact with their financial data. Users will be able to issue commands such as “Create a card for Jack in the travel budget” or “Add Jill to the team bonding budget”, to trigger corresponding actions on the platform. This text-to-command capability will facilitate real-time automation of financial workflows, thereby saving time and enhancing operational efficiency.
With “Aspire AI”, Aspire continues to lead the way in innovative financial solutions, simplifying complex processes, and equipping businesses across Asia with the intelligent financial management tools they need to succeed in a rapidly evolving economic landscape.
