Burkland Solutions and Strategy for AI in Startup Finance

Press Releases

Apr 09, 2024

New suite delivers back office and decision support tools to benefit from AI’s core promise

SAN FRANCISCO, April 9, 2024 /PRNewswire-PRWeb/ — Burkland, a full-service fractional CFO, HR, accounting, and tax provider, today announced the Burkland AI Suite, delivering enhanced back office and decision support for startups. Providing founders with financial and people expertise, Burkland is augmenting its technological capabilities with artificial intelligence (AI) to continue helping clients start smart to scale fast.

“AI-driven tools are expected to elevate, not replace, CFOs and other key finance personnel,” added Lord.

“Embrace.ai is excited to be part of the Burkland AI Suite,” said Seth Halpern, co-founder of Embrace.ai. “We know how important accessing critical information, in real-time, is to best serve their startup clients. We’re looking forward to helping Burkland deliver world-class client experiences, at scale, with the help of our technology.”

Back office AI tools focus on the speed, accuracy, and efficiency of finance mechanics. Repetitive, data-entry-heavy, and accounting-oriented, these task types often occur in the background and are more prone to human error. Decision support AI tools, meanwhile, leverage multiple data sources to assist senior executives in making sound, informed, strategic decisions more rapidly.

“We are closely following developments in AI, particularly around startup finance,” said Steven Lord, Managing Director of Burkland’s Service Delivery teams. “As we’ve seen these two distinct sub-groups emerge, we’re convinced both will be natural beneficiaries of AI’s core promise to serve our clients even more efficiently.”

When completely deployed, the Burkland AI Suite will embrace first-generation tools that deliver quality assurance for simpler processes like audit compliance, as well as more complex tasks such as knowledge sharing across client teams and proper SaaS revenue recognition. The suite can provide dashboard metrics instantly and includes critical capabilities such as an early-warning system to flag material departures from established norms, all while safeguarding client privacy.

“AI-driven tools are expected to elevate, not replace, CFOs and other key finance personnel,” added Lord. “This puts startups at the nexus of strategic finance, accounting, data interpretation, and predictive modeling. The Burkland AI Suite will help us better deliver the full value of an experienced finance team at a fraction of the full-time cost.”

For more information from Burkland experts, founders should read “The Smarter Startup” blog, listen to the “Startup Success” podcast, and learn more about fractional services and offerings.

About Burkland

Burkland is a full-service fractional CFO, Accountancy, Tax, and HR provider, serving more than 800 venture-backed startups across the United States. SaaS, Healthcare, Fintech, Clean Energy, and Consumer startups rely on Burkland for smarter finance, accounting, People Operations, and tax guidance to grow with confidence. As a leader in market share in the industry, we pride ourselves on giving startups expertise that makes economic sense for all growth stages, ranging from Pre-Seed to Series C. Our on-demand CFOs, Accountants, People Partners, and Tax Experts give strategic guidance to ease a company’s growing pains and provide insight to scale. Learn more at https://burklandassociates.com.

For media inquiries or further information, please visit Burkland’s press page or contact Julie Fogerson at jfogerson@burklandassociates.com.

Media Contact

Julie Fogerson, Burkland, 1 4255033154, jfogerson@burklandassociates.com, https://burklandassociates.com/

Cision View original content:https://www.prweb.com/releases/burkland-solutions-and-strategy-for-ai-in-startup-finance-302110051.html

SOURCE Burkland

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