GenialAI is an online audit and accounting data management tool that features semantic reconciliation by performing Mater Table Cleansing, Audit Tests and Ledger Analysis. GenialAI understands natures of accounting data and saves your time to execute audit procedures and prepare data. It also auto-corrects errors and inconsistencies and automates time-consuming manual accounting processes.
How was it born?
One day, Aki Abekawa, Founder at Genial Technology, reluctantly fixed accounting data by hand when he worked at an accounting firm. It was painful and tedious to deal with large accounting data with existing not so intelligent and time-consuming accounting tools. Especially, Microsoft Excel cannot handle over a million line items and has no specific assistance for the accounting field.
Aki imagined the future of accounting. He imagined that AI will automate accounting. Bookkeepers will use far fewer papers and Excel files. Systems will automatically generate journal entries, feeding electronic data from customers, suppliers, banks and the locations of the company. What do humans do? Bookkeepers just have to interpret the new accounting standards, input it to the system and check the reports. To reach this productive future, Aki saw the significant need of having a self-learning and automated audit and accounting data management platform.
After graduating from Carnegie Mellon University, he decided to use computer technologies, such as machine learning, natural language processing and cloud computing for solving problems that the accounting industry faces today.
GenialAI is a cloud-based AI audit and data management tool specifically adjusted for accounting ledgers. It provides assistance to perform repetitive tasks and the solve data inconsistency that prevents smooth decision making. The platform focuses on the audit process automation and cognitive interaction to differentiate GenialAI from other accounting products.
In an effort to bring these emerging technologies together, Genial Technology built GenialAI upon the four principles: balance, automation, user-friendliness and security. With these principles, GenialAI aims to cut back on audit execution and data preparation time while keeping the quality of the results. Lean more