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Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday. The round was led by Khosla ...
The company already uses AI to do some of this data extraction and to automate some of accounting tasks, such as trying to reconcile numbers in financial accounts, with the sales receipts from ...
The Basis hybrid approach mixes statistical modeling with rules, regular expressions, and gazetteers, lists of special words that can be tuned to the language and text to be analyzed. The tool is designed to work directly with varied alphabets and multiple languages, an advantage because foreign words are often transliterated in multiple ways ...
By outsourcing accounting functions, companies are able to scale up and down according to fluctuations in their need for accounting services. [14] Small and medium enterprises in particular outsource accounting functions as the size of their business sometimes does not justify full-time accountants.
Additionally, Basis’ DSP forecasting of ad delivery on specific properties has enabled team-sharing of data for stronger collaboration on tactics. These functions are powered by Basis AI, the underlying engine of Basis, to deliver precise, real-time data for media strategy and analysis. The digital media industry lacks automation.
Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States.The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.
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