18 Best AI Tools for Finance in 2024: – Our top Picks

Best AI Tools for Finance

The finance world is experiencing a transformative shift, and artificial intelligence (AI) is at the forefront of this revolution. No longer are finance departments bogged down by repetitive tasks and mountains of data. With the right AI tools in their arsenal, they can streamline mundane processes, extract hidden patterns from complex datasets, and unlock a new level of efficiency and strategic decision-making.

This article covers the top 18 AI tools for finance in 2024, showcasing cutting-edge solutions designed to tackle a wide range of challenges. Whether you need to automate tedious accounting tasks, generate intelligent forecasts to stay ahead of market trends, or implement advanced risk management and fraud detection strategies, these AI powerhouses have you covered. Get ready to discover how AI is reshaping the future of finance and empowering finance teams to achieve new heights of productivity and strategic impact.

AI in Finance

How is AI Transforming the Finance Industry?

AI is changing the finance industry by introducing automation, enhancing decision-making processes, and providing data-driven insights. Here's how AI is transforming the finance sector:

1. Fraud Detection and Risk Management: AI algorithms can analyze vast amounts of data to identify patterns and anomalies, enabling financial institutions to detect fraudulent activities more effectively. AI-powered risk management systems can assess credit risks, monitor transactions, and flag suspicious behavior in real time.

2. Algorithmic Trading: AI-driven algorithmic trading systems can analyze market data, news, and social media sentiment to make informed trading decisions at lightning-fast speeds. This has led to increased efficiency and reduced human error in trading operations.

3. Personalized Financial Services: AI-powered chatbots and virtual assistants can provide personalized financial advice and recommendations based on individual preferences, risk profiles, and investment goals. This enhances customer experience and fosters trust in financial institutions.

4. Predictive Analytics: AI models can analyze historical data and market trends to make accurate predictions about future financial scenarios. This enables financial institutions to make data-driven decisions, optimize portfolios, and mitigate risks.

5. Automated Compliance and Reporting: AI can streamline compliance processes by automating data collection, analysis, and reporting. This ensures adherence to regulatory requirements and reduces the risk of non-compliance penalties.

According to a report by Accenture, AI could potentially boost the revenue of the banking industry by hundreds of billions of US dollars by 2025. Furthermore, a recent survey revealed that 63% of financial services firms have already implemented AI in some capacity.

Industry Leading Top 18 AI Tools for Finance in 2024

Here are my top picks for the best AI tools for finance in 2024. I've personally tested and reviewed some of these tools to provide you with an unbiased assessment of their capabilities, pricing, and user ratings.

AI Finance Tool Starting Price Rating
1. Vena InsightsCustom4.5/5 (G2)
2. Trullion$3,000/year4.8/5 (G2)
3. Datarails FP&A GeniusCustom4.7/5 (G2)
4. Domo$300/month4.4/5 (G2)
5. Weflow$16/month4.4/5 (G2)
6. Caribou$475/household4.6/5 (Trustpilot)
7. Booke AI$20/business/month5/5 (Apps Store)
8. Vic.ai$1490/month4.8/5 (G2)
9. WorkivaCustom4.6/5 (G2)
10. Rephop$299 per month4.0/5 (G2)
11. Macroaxis$39.40 per month4.2/5 (Capterra)
12. Workday Adaptive PlanningCustom4.3/5 (G2)
13. Truewind$249/monthN/A
14. Anaplan PlanIQCustom5/5 (Gartner)
15. Cube$1,500/month4.5/5 (G2)
16. ZeroTaxFree4.0/5 (Trustpilot)
17. Monarch Money$14.99/month4.6/5 (Product Hunt)
18. WallyFreeN/A

1. Vena Insights

Vena Insights

Vena Insights stands out as a pivotal AI tool for finance, leveraging the robust capabilities of artificial intelligence and machine learning to redefine financial planning and analysis (FP&A). At its core, Vena Insights transforms the familiar environment of Microsoft Excel into a dynamic, powerful platform for comprehensive financial management.

This integration not only enhances the user experience by building on a widely used tool but also significantly amplifies the analytical capabilities available to finance teams. By automating data consolidation and streamlining complex processes, Vena Insights facilitates more informed decision-making, enabling organizations to navigate the intricate landscape of financial planning with agility and precision. Its real-time data analysis and scenario planning capabilities ensure that businesses can adapt to changes swiftly, making Vena Insights an indispensable asset for any finance team aiming to leverage AI for strategic advantage.

Key Features of Vena Insights:
Excel Integration: Seamlessly integrates with Microsoft Excel, enhancing its functionality for financial planning without requiring users to abandon the familiar tool.
Real-Time Data Analysis: Offers instant access to data for dynamic reporting and analysis, enabling timely decision-making.
Automated Data Consolidation: Simplifies the process of gathering and consolidating data from various sources, ensuring accuracy and reliability.
Scenario Planning: Allows users to simulate different financial scenarios to assess potential impacts and outcomes, facilitating strategic planning.
Customizable Dashboards: Users can create tailored dashboards to monitor key financial metrics and performance indicators at a glance.
Predictive Analytics and Anomaly Detection: Employs advanced AI and machine learning algorithms to forecast future trends and identify irregularities in financial data.
Collaborative Workflows: Enhances team collaboration with structured workflows, ensuring that all stakeholders are aligned and informed.

Vena Insights Pricing:
Vena Insights emphasizes customized solutions based on individual business requirements, offering features like AI-powered FP&A reporting, 24/7 support, and dedicated Vena Experts for tailored support.

2. Trullion


Trullion is a leading AI tool for finance that streamlines accounting processes with its advanced AI-powered platform. As the financial landscape becomes increasingly complex, Trullion offers a solution that integrates seamlessly with existing financial systems to automate and enhance key accounting functions.

The platform is particularly adept at simplifying revenue recognition, lease accounting, and audit workflows, making it a valuable asset for finance teams aiming to improve accuracy and efficiency. Trullion's AI capabilities ensure compliance with the latest accounting standards, such as ASC 842 and IFRS 16, while providing real-time insights and analytics to support strategic decision-making. By automating routine tasks, Trullion not only reduces the risk of human error but also frees up accounting professionals to focus on more strategic initiatives, making it an indispensable tool for modern finance departments.

Key Features of Trullion:
AI-powered data extraction from contracts and financial documents.
Automated compliance checks and error detection for financial reporting.
Real-time financial data processing and insights.
Streamlined audit workflows with collaborative tools for auditors and accounting teams.
Integration with CRM, billing, and ERP systems for seamless data synchronization.
Customizable reporting and analytics for revenue recognition and lease accounting.
User-friendly interface with minimal configuration required for setup.
Configurable access and permissions for secure data sharing.

Trullion Pricing:
The starting price of Trullion is $3,000/year.

3. Datarails FP&A Genius

Datarails FP and A Genius

Datarails FP&A Genius is an innovative AI tool for finance that enhances the capabilities of financial planning and analysis (FP&A) for Excel users. This AI-powered platform streamlines the process of data consolidation, reporting, and planning, enabling finance professionals to access comprehensive and real-time financial data. By leveraging conversational AI, Datarails FP&A Genius allows users to quickly generate answers and visualizations for complex financial queries, transforming the way financial insights are derived and presented. This tool is particularly beneficial for small and medium-sized businesses looking to optimize their financial operations and decision-making processes.

Key Features of Datarails FP&A Genius:
Conversational AI: Engage with the platform using natural language to get instant answers and insights.
Data Consolidation: Automatically integrates data from various financial systems, operational systems, and payroll.
Real-time Reporting: Offers up-to-date financial reporting, enabling quick responses to business dynamics.
Executive Self-Service: Allows executives to self-serve detailed financial inquiries without relying on finance teams.
AI Storytelling Assistant: Converts complex data into compelling presentations and actionable insights.
Scenario Planning: Assists in evaluating financial outcomes under different scenarios with speed and accuracy.
Customizable Dashboards: Create and tailor financial dashboards to suit specific business needs.

Datarails FP&A Genius Pricing:
Datarails FP&A Genius offers customized pricing based on financial reporting, planning, analysis goals, number of users, and integrations, with unlimited outputs and includes both Datarails Flex Excel add-in and a secure cloud-based web app.

4. Domo


Domo is a comprehensive AI tool for finance that streamlines data integration, analysis, and reporting, enabling finance teams to make informed decisions swiftly. This cloud-based platform excels in aggregating data from multiple sources, providing real-time insights through intuitive dashboards.

Domo's AI capabilities enhance data exploration, model creation, and governance, ensuring that financial data is not only accessible but also actionable. By leveraging Domo, finance professionals can harness the power of AI to automate complex processes, predict trends, and optimize financial performance, making it an essential tool for modern finance departments seeking efficiency and strategic insight.

Key Features of Domo:
Data Integration: Seamlessly integrates data from over 1,000 sources, including cloud and on-premises systems.
BI & Analytics: Offers real-time and predictive analytics to drive actionable insights.
Embedded Analytics: Allows sharing of data and analytics externally, enhancing collaboration.
App Creation: Enables the creation of custom apps to automate workflows and activate data.
AI-Enhanced Dataset View Creation: Facilitates the creation of dataset views using natural language, making SQL knowledge unnecessary.
AI-Powered Beast Mode Editor: Allows the creation of Beast Mode calculated fields using natural language.
Conversational Insights: Offers chat-style data exploration for easy access to insights.
AI Model Management: Manages, integrates, and deploys AI models, including those from external sources like OpenAI and Hugging Face.

Domo Pricing:
Domo offers a credit-based pricing model with a “Free Forever” plan at $0/month including 300 credits, a “Standard” plan starting at $300/month with additional credits available for purchase, and “Enterprise” and “Business Critical” plans with volume discounts, for which pricing is provided upon contacting sales.

5. Weflow


Weflow is a sophisticated AI tool for finance that enhances the capabilities of revenue and sales teams by integrating seamlessly with Salesforce. This platform is tailored to streamline pipeline management and forecasting, providing a user-friendly solution that automates data capture and offers insightful analytics.

Weflow's commitment to improving sales performance management is evident in its ability to provide real-time updates and accurate forecasts, which are crucial for financial decision-making. By leveraging AI, Weflow empowers finance professionals to manage their pipelines more effectively, identify risks promptly, and ensure that their forecasts are dependable and up-to-date.

Key Features of Weflow:
Deep, API-first Salesforce integration that respects custom setups, including fields, objects, and validation rules.
Automated data capture from Google Workspace or MS 365, tracking field changes and opportunity snapshots.
Deal risk inspection with signals, scores, and warnings, and configurable deal alerts.
Pipeline health analysis to spot and address gaps in pipeline generation and coverage.
Efficient forecast process with submission, review, and adjustment of forecast calls, and AI prediction comparison.
Strong adoption due to an intuitive interface and pre-built templates for quick onboarding.
Enterprise-grade security with data encryption, compliance certifications, and regular penetration testing.

Weflow Pricing:
Webflow pricing: Free plan with 2 free hosted sites, Pro plan at $16/month for 1 site, CMS plan at $20/month for 1 site, Team plans from $35/month per seat for teams.

6. Caribou


Caribou is a pioneering AI tool designed to bridge the gap between healthcare and finance, offering a unique solution for financial advisors and their clients. By integrating healthcare planning into financial strategies, Caribou empowers users to make informed decisions regarding healthcare costs, which are a significant concern for many, especially retirees.

This AI-driven platform provides a custom analysis of current and future healthcare expenses, enabling a more comprehensive approach to financial planning. Caribou's mission is to simplify the complex process of healthcare planning, ensuring clients can achieve their retirement goals with confidence and peace of mind. As healthcare expenses continue to rise, Caribou's role in financial planning becomes increasingly vital, making it an essential tool for financial advisors seeking to provide holistic advice.

Key Features of Caribou:
Healthcare Cost Planning: Offers detailed predictions and optimizations for healthcare expenses.
Custom Analysis: Provides personalized assessments of current and future healthcare costs.
Integration with Financial Planning: Enables a holistic approach by incorporating healthcare planning into overall financial strategies.
User-Friendly Interface: Simplifies the complex process of healthcare planning for both advisors and their clients.
Data-Driven Insights: Utilizes extensive data to offer accurate and reliable healthcare cost predictions.
Support for Financial Advisors: Enhances the advisor-client relationship by adding value through comprehensive healthcare planning.

Caribou Pricing:
Caribou Wealth offers transparent and flexible pricing for healthcare planning analysis, with options ranging from $475 per household for a single client to discounted enterprise pricing for firms with thousands of clients.

7. Booke AI

Booke AI

Booke AI is a cutting-edge AI tool for finance that is transforming the way bookkeeping and accounting tasks are managed. By harnessing the power of artificial intelligence, Booke AI offers a suite of features that cater to the needs of finance professionals looking to optimize their workflows and enhance accuracy in financial management.

With its ability to automate repetitive tasks, Booke AI not only saves time but also reduces the potential for human error, making it an essential asset for those in the finance sector seeking to leverage technology for better business outcomes.

Key Features of Booke AI
Robotic AI Bookkeeper: Automates the categorization of transactions and reconciliation processes.
Real-Time OCR: Extracts data from invoices, bills, and receipts efficiently.
Two-Way Integrations: Connects seamlessly with accounting software like Xero, QuickBooks, and Zoho Books.
Communication Tools: Facilitates improved client communication and collaboration.
Error Detection: Advanced technology to identify and rectify discrepancies in the books.
Interactive Reports: Enables the generation and sharing of detailed financial reports with ease.
Performance Dashboard: Provides a centralized view of client progress and bookkeeping tasks.

Booke AI Pricing:
Booke AI Pricing: Data Entry Automation Hub $20/business (month), Robotic AI Bookkeeper $50/business (month) with features like client portal, reconciliation AI, OCR automation, and integrations.

8. Vic.ai


Vic.ai represents a significant advancement in the field of financial technology, offering a robust AI-driven platform tailored for the Accounts Payable (AP) sector. This AI tool for finance is designed to seamlessly integrate with existing Enterprise Resource Planning (ERP) systems, providing a comprehensive solution that enhances the efficiency, accuracy, and speed of invoice processing.

By leveraging artificial intelligence, Vic.ai automates the tedious and time-consuming tasks associated with accounts payable, such as invoice ingestion, GL coding, and 2 and 3-way matching. This not only reduces manual labor and errors but also allows finance teams to focus on more strategic tasks. With a foundation built on processing over half a billion invoices, Vic.ai delivers unparalleled accuracy rates between 97-99%, significantly improving financial decision-making and operational productivity for businesses across various industries.

Key Features of Vic.ai:
Autonomous Invoice Processing: Utilizes AI to automate invoice ingestion, coding, and matching, significantly reducing manual intervention.
Autonomous Approval Flows: Streamlines the approval process, enabling invoices to be processed and approved with minimal human input.
Real-time Insights: Offers customizable dashboards with intelligent analytics for performance monitoring and decision-making.
ERP Integration: Compatible with all major ERP systems, ensuring seamless data flow and integration.
Fraud Reduction: Implements strong internal controls and transaction reviews to minimize invoice and payment fraud.
Supplier Relationship Management: Enhances payment visibility and accuracy, improving supplier relationships.
Payments Feature: Supports all payment types including check, ACH, and virtual card, directly posting confirmed payments in the ERP system.

Vic.ai Pricing:
Vic.ai offers its services starting at $1490 per month for accounting firms, with custom plans available for enterprise clients.

9. Workiva


Workiva is a cloud-based software that is transforming the landscape of financial reporting, audit, risk management, and ESG (Environmental, Social, and Governance) reporting. By leveraging the power of generative AI, Workiva offers a unique platform that enables finance professionals to produce assured, integrated reports efficiently.

This AI tool for finance is designed to meet the needs of financial reporting, ESG, and audit and risk professionals by providing a secure, centralized platform for collaboration and data management. With the integration of generative AI, Workiva empowers users to enhance productivity through features like drafting starter content in seconds, securely collaborating on research, and obtaining tailored answers to complex finance-related queries. As the financial world evolves, Workiva stands as a crucial tool for professionals seeking to navigate the complexities of financial reporting with ease and precision.

Key Features of Workiva:
Generative AI Integration: Utilize AI to draft content, brainstorm, create, and research within the Workiva platform.
Data Security and Privacy: Ensures customer data and inputs are secure, with no storage beyond chat sessions or public sharing.
Collaborative Workspaces: Facilitate teamwork with a platform that connects data and teams for seamless collaboration.
Automated Financial Reporting: Streamline annual and interim reporting processes for timely and accurate delivery.
Transfer Pricing Simplification: Organize transfer pricing policies and compliance processes efficiently.
Customizable Reporting Templates: Generate and customize reporting templates using generative AI for faster insights.
Comprehensive ESG and GRC Solutions: Offers solutions for ESG reporting, governance, risk, and compliance, connecting all relevant aspects under one platform.

Workiva Pricing:
Workiva offers customized pricing quotes based on each customer's specific needs and scale of usage.

10. Rephop


Rephop is another significant AI tool for finance that caters to the needs of businesses seeking to simplify their group reporting processes. With a user-friendly interface, Rephop is designed to be intuitive, allowing users to get started without the need for extensive training.

This tool has been serving businesses globally for over eight years, earning a reputation for its effectiveness across various industries and company sizes. Rephop supports all currencies, enabling subsidiaries to report in their local currency while the software handles the conversion to the reporting currency. This feature is particularly beneficial for multinational companies dealing with cross-continent consolidation and diverse accounting systems. The software's ability to automate non-controlling interest calculations and provide ad-hoc reporting makes it a versatile and essential tool for financial consolidation and reporting.

Key Features of Rephop:
Multi-currency support for global operations
Automated calculation of non-controlling interests
Ad-hoc reporting capabilities for flexible consolidation
No limits on the number of subsidiaries
Defined eliminations for one-time setup and automatic consolidation
Support for IFRS and US GAAP compliance
Reconciliation of all intergroup transactions
Historic eliminations and currency translation features
Group level eliminations for business combinations

Rephop Pricing:
Rephop offers a simple pricing structure with plans starting at $299 per month for the Starter package, which includes up to 2 users and 1 group level.

11. Macroaxis


Macroaxis stands at the forefront of financial technology, offering a wealth of optimization analytics to a broad spectrum of investors, from novices and finance students to seasoned professionals. At its core, Macroaxis leverages artificial intelligence to empower users with the ability to craft efficient, long-term investment portfolios across a diverse range of markets and asset classes.

This AI-powered wealth optimization platform is designed to align investment choices with individual risk preferences, budget constraints, and investing goals, thereby democratizing access to sophisticated portfolio optimization techniques. With a user base exceeding 200,000 investors who have constructed over 30 million optimal portfolios, Macroaxis exemplifies the fusion of AI with financial planning, providing a robust tool for personal investment strategy development. This platform is not just about portfolio creation; it's about making informed, data-driven decisions in an ever-evolving financial landscape.

Key Features of Macroaxis:
Portfolio Optimization: Generates efficient portfolios tailored to individual risk tolerance and investment goals.
Diverse Market Access: Offers investment opportunities across multiple markets and asset classes.
AI-Powered Engine: Utilizes artificial intelligence for wealth optimization and investment planning.
Risk Management: Helps investors align their portfolios with their preferred level of risk.
Investment Themes: Features thematic investment opportunities, such as Artificial Intelligence, to guide users towards sectors with growth potential.
Comprehensive Analytics: Provides detailed analysis using over 100 different fundamental and technical indicators.
Global Market Snapshot: Offers a quick overview of global market trends and indexes.
Self-Learning Watchlist: Employs a self-learning algorithm to track and remember user-preferred stocks.
Financial Widgets: Integrates over 30 different plug-and-play financial widgets for enhanced user experience.

Macroaxis Pricing:
Free account with daily limits, Silver $39.40/month for unlimited access to portfolio analytics, or Gold plan for professional wealth management tools.

12. Workday Adaptive Planning

Workday Adaptive Planning

Workday Adaptive Planning is a dynamic AI tool for finance that empowers organizations to enhance their financial planning and analysis (FP&A) capabilities. By embedding artificial intelligence (AI) and machine learning (ML) into the core of its system, Workday Adaptive Planning enables finance teams to make predictive plans and drive innovation more efficiently.

The tool is designed to adapt to the ever-changing business landscape, providing finance professionals with the agility to make strategic decisions swiftly. With features like anomaly detection and predictive forecasting, Workday Adaptive Planning offers a robust platform for organizations to gain deeper insights into their financial data and anticipate future demands with greater accuracy.

Key Features of Workday Adaptive Planning:
Anomaly detection for identifying data irregularities and improving accuracy.
Real-time comparison of plans, forecasts, and scenarios against AI-driven forecasts.
Predictive forecasting using historical data and ML for demand anticipation.
No coding is required for model building, connecting, and maintenance.
Workforce planning integration to align human capital with business needs.
Operational planning capabilities for various functional uses and industries.
AI- and ML-driven insights for strategic decision-making.
Seamless integration with any ERP or GL system.
Active dashboards, unlimited versions, and what-if scenarios for comprehensive planning.
24/7 support and training resources for continuous user assistance.

Workday Adaptive Planning Pricing:
Workday Adaptive Planning pricing varies based on features; it offers a free 30-day trial, core planning capabilities starting from unlimited versions and scenarios, and an integrated planning and consolidation package.

13. Truewind


Truewind is a specialized AI tool for finance that caters to the needs of startups and small businesses seeking to optimize their financial operations. Truewind offers a unique blend of technology and personalized service by integrating artificial intelligence with expert human support.

This AI tool for finance is designed to deliver accurate bookkeeping and financial modeling services, enabling businesses to close their books more rapidly and make informed decisions with confidence. Truewind's commitment to precision and efficiency in financial reporting is a testament to its dedication to empowering entrepreneurs and business owners in the financial management of their ventures.

Key Features of Truewind:
AI-powered bookkeeping for precise and transparent accounting
Financial modeling services for strategic planning and analysis
Rapid monthly book closures for timely business decision-making
Access to certified public accountants (CPAs) for expert assistance
Customizable financial reports for investor and stakeholder communication
Integration with existing finance tech stacks for seamless operations
Financial statements, including Balance Sheet and Income Statement
Variance analysis for budget versus actuals to track financial performance

Truewind Pricing:
Plans start at $249/month, with a 14-day free trial available.

14. Anaplan PlanIQ

Anaplan PlanIQ

Anaplan PlanIQ is a formidable AI tool for finance, designed to enhance decision-making across various business functions including finance, supply chain, sales, and human resources. This intelligent forecasting solution leverages machine learning (ML) to provide highly accurate predictions, enabling businesses to navigate the complexities of market demands and growth opportunities.

PlanIQ is seamlessly integrated within the Anaplan platform, making forecasting more accessible and scalable across the organization, and ensuring that insights evolve with the business. For finance professionals seeking to optimize their forecasting processes, PlanIQ offers a significant leap forward in predictive accuracy and efficiency.

Key Features of Anaplan PlanIQ:
Intelligent Forecasting: Utilizes AI and ML for highly accurate business predictions.
Seamless Integration: Works within the Anaplan platform for cohesive workflow management.
Data-Backed Decisions: Scales intelligent forecasting across various datasets and use cases.
User-Friendly Interface: Simplifies the forecasting process, making it accessible to business users without extensive data science knowledge.
Customization and Flexibility: Allows for user-driven ML training and model fine-tuning.
Real-Time Updates: Provides continuously improving forecasts with more data input.

Anaplan PlanIQ Pricing:
Pricing for Anaplan PlanIQ is based on the number of predictions required monthly and is determined through discussions with customers to understand their specific forecasting needs.

15. Cube


Cube is a leading AI tool for finance that changes the way financial planning and analysis (FP&A) is conducted in businesses of all sizes. By seamlessly integrating with spreadsheets, Cube offers a user-friendly platform that enhances the efficiency and accuracy of financial forecasting and budgeting. This spreadsheet-native FP&A software is designed to automate and simplify complex financial tasks, enabling finance teams to focus on strategic decision-making rather than manual data processing.

Cube's innovative approach to financial management makes it an indispensable tool for companies seeking to optimize their financial operations and gain a competitive edge in the market. With its ability to connect to a wide range of tech stacks, including ERP, CRM, and HRIS systems, Cube ensures that all financial data is centralized, up-to-date, and easily accessible, providing a comprehensive solution for today's dynamic financial landscape.

Key Features of Cube:
Spreadsheet-Native Interface: Integrates directly with Excel and Google Sheets, maintaining the familiarity and flexibility of spreadsheets while adding powerful FP&A functionalities.
Automated Data Consolidation: Connects to various data sources for real-time data updates, eliminating manual data entry and ensuring accuracy.
Multi-Scenario Planning: Supports the creation of multiple financial scenarios to prepare for various future outcomes.
Fast Deployment: Quick and easy setup with minimal disruption to existing workflows, facilitating a smooth transition to more efficient FP&A processes.
Enhanced Security: Features such as encryption, multi-factor authentication (MFA), and dedicated customer support ensure data is secure and assistance is readily available.

Cube Pricing:
Cube FP&A Software offers three pricing plans: Cube Go starting at $1,500/month for lean finance teams, Cube Pro starting at $2,800/month for scaling companies, and a custom plan for pre-IPO/public companies with pricing available upon request.

16. ZeroTax


ZeroTax.ai is another robust AI finance tool that helps individuals and businesses handle their tax-related queries. ZeroTax.ai leverages advanced artificial intelligence to provide fast, accurate, and easily accessible tax assistance. This digital platform is designed to simplify the tax process, offering instant expert advice through a user-friendly chatbot interface or a direct call-in service.

With ZeroTax.ai, users can get answers to their tax questions free of charge, making it an invaluable resource for anyone looking to navigate the complexities of tax laws and regulations efficiently. The platform's commitment to providing reliable tax advice around the clock ensures that users have a dependable assistant for all their tax needs, making tax season less daunting and more manageable.

Key Features of ZeroTax:
Instant Expert Advice: Quick and accurate tax guidance from AI and tax professionals.
Convenience: Accessible via chatbot or call-in service, providing flexibility in how users receive assistance.
Free AI-Generated Answers: Users can ask unlimited tax questions without any cost.
Tax Pro Reviews: Option for answers to be reviewed by tax professionals for a nominal fee, ensuring accuracy.

ZeroTax Pricing:
ZeroTax.ai offers AI-generated tax answers for free, with the option for a tax professional review at just $50 per question.

17. Monarch Money

Monarch Money

Monarch Money is an AI-powered personal finance management tool that offers a seamless approach to handling your finances. With the integration of artificial intelligence, Monarch Money provides a conversational interface that delivers personalized financial advice and insights, making it an essential AI tool for finance.

This platform is designed to cater to the needs of individuals looking to streamline their financial management process, offering a comprehensive view of their financial health. Monarch Money's capabilities extend from budgeting and expense tracking to investment management and financial goal planning, all within a secure and user-friendly environment. Its robust features and intuitive design make it a valuable asset for anyone seeking to optimize their financial strategy with the help of AI technology.

Key Features of Monarch Money:
Net Worth Tracking: Aggregates data from various financial accounts to provide a clear picture of your net worth.
Budgeting Tools: Offers insights and recommendations for effective budget management.
Investment Tracking: Provides portfolio analysis and personalized investment advice.
Spending Insights: Categorizes expenses and visualizes spending habits for better financial understanding.
Customizable Dashboard: Centralizes financial information in one place, tailored to user preferences.
Recurring Transactions Management: Helps track and manage recurring expenses and income.
Collaborative Finance Management: Allows the sharing of financial strategies and insights with trusted individuals.

Monarch Money Pricing:
Monarch Money's pricing is $14.99/month or $99.99/year for the Premium version, and advisors can sign up for Monarch for Advisors to pay for their clients and collaborate with them.

18. Wally


Wally, the world's first GPT-powered personal finance app, is transforming the way individuals manage their finances. By leveraging the power of artificial intelligence, Wally offers users a unique and interactive experience, making personal finance management not only easier but also more insightful.

This AI tool for finance is designed to cater to the needs of anyone looking to gain better control over their financial life, from tracking spending and setting budgets to providing personalized financial advice. With Wally, users can connect their bank accounts from over 15,000 banks worldwide, allowing for a comprehensive view of their financial status in any currency. The app's ability to provide instant, detailed answers to complex financial questions and personalized recommendations makes it an indispensable tool for those aiming to optimize their financial decisions and achieve their financial goals more efficiently.

Key Features of Wally:
GPT-Powered Financial Insights: Ask WallyGPT any finance-related question and receive instant, detailed answers.
Automated Spending Tracking: Automatically categorizes transactions, making it easy to see where your money goes.
Customizable Budgeting: Tailor your budget to your needs with customizable rules and categories.
Investment Recommendations: Get personalized investment advice based on your financial goals.
Bill Management and Notifications: Track upcoming bills and payments with timely notifications to avoid late fees.
Financial Literacy Enhancement: Improve your financial knowledge with on-demand explanations of complex financial concepts.

Wally Pricing:
WallyGPT is completely free to use, offering full access to all its features without any cost.

AI in Credit Scoring and Risk Assessment: A New Era

The integration of artificial intelligence (AI) in credit scoring and risk assessment is ushering in a new era of enhanced accuracy, efficiency, and inclusivity in the financial industry. AI-powered credit scoring models leverage vast amounts of alternative data, such as utility payments, social media activity, and mobile phone usage patterns, to paint a more comprehensive picture of an individual's creditworthiness. By analyzing these diverse data points through sophisticated machine learning algorithms, AI can identify complex patterns and correlations that traditional credit scoring methods often miss.

One of the key advantages of AI in credit scoring is its ability to continuously learn and adapt. As new data becomes available, AI models can refine their predictions in real-time, ensuring that credit assessments remain dynamic and responsive to changing economic conditions. This adaptability not only improves the accuracy of credit decisions but also enables lenders to proactively identify and mitigate potential risks.

Furthermore, AI-driven credit scoring has the potential to promote financial inclusion by extending credit access to underserved populations. By considering alternative data sources, AI can provide credit scores for individuals with limited or no traditional credit history, opening up new opportunities for them to participate in the formal financial system. As the adoption of AI in credit scoring continues to grow, it is crucial for financial institutions to prioritize transparency, fairness, and ethical considerations. By collaborating with legal experts and AI engineers, organizations can ensure compliance with regulations while leveraging the transformative power of AI to revolutionize credit risk assessment.

Challenges of Adopting AI in Financial Services

The adoption of artificial intelligence (AI) in the financial services industry presents several significant challenges that must be carefully navigated. One major hurdle is ensuring data privacy and security. Financial institutions handle vast amounts of sensitive customer information, and the use of AI raises concerns about how this data is collected, stored, and utilized. Robust data protection measures and transparent data governance frameworks are essential to maintain customer trust and comply with stringent regulations.

Another challenge lies in the potential for AI models to perpetuate biases and discrimination. If AI algorithms are trained on biased historical data or if developers inadvertently incorporate their own biases, it can lead to unfair treatment of certain customer segments, particularly in areas such as credit scoring and lending decisions. Regularly auditing AI models for fairness and implementing checks and balances are crucial to mitigate these risks.

The complex and evolving regulatory landscape surrounding AI poses additional challenges. Financial institutions must ensure compliance with a myriad of laws and regulations related to data privacy, consumer protection, and ethical AI use. This requires close collaboration between compliance teams, legal experts, and AI developers to navigate the regulatory environment effectively.

Moreover, the lack of transparency and explainability in some AI models can hinder trust and accountability. Financial institutions must strike a balance between leveraging AI's predictive power and maintaining the ability to interpret and justify AI-driven decisions to regulators and customers alike. Overcoming these challenges requires a comprehensive approach that prioritizes data governance, bias mitigation, regulatory compliance, and transparency. By proactively addressing these issues, financial institutions can harness the transformative potential of AI while upholding customer trust and navigating the complexities of the financial services landscape.

What are the key benefits of using AI finance tools?

AI finance tools offer several benefits, including improved accuracy in financial forecasting, enhanced risk management through predictive analytics, fraud detection capabilities, automated processes like invoicing and budgeting, and better insights into financial trends and opportunities. This leads to increased efficiency, reduced errors, and more informed decision-making.

How can AI finance tools assist with credit scoring and lending decisions?

AI models can analyze vast amounts of data, including credit history and customer information, to make more accurate credit risk assessments and lending decisions. This can lead to faster approvals, reduced bias, and improved portfolio performance for lenders.

What role can AI play in investment management and trading?

AI algorithms can process large datasets to identify patterns, trends, and market signals that may be missed by human analysts. This can inform investment strategies, portfolio optimization, and automated trading systems for improved returns and risk management.

How do AI finance tools enhance fraud detection capabilities?

AI models excel at identifying anomalies and suspicious patterns in financial transactions by analyzing vast amounts of data in real-time. This allows for proactive fraud detection and prevention, reducing losses for financial institutions and businesses.

Can AI finance tools improve financial planning and advisory services?

Yes, AI-driven financial advisors and planners can offer personalized investment advice and financial planning services with greater accuracy and efficiency than traditional methods. This can cater to diverse client segments and provide data-driven recommendations.

What are the key challenges in implementing AI finance tools?

Some challenges include data quality and availability, regulatory compliance, ethical concerns around bias and transparency, integration with existing systems, and upskilling employees to work with AI technologies effectively.

What role can AI play in financial risk management?

AI tools can significantly enhance risk management capabilities by employing predictive analytics, real-time data analysis, and scenario modeling to identify potential risks before they materialize. This enables proactive and dynamic risk management strategies.

How can AI finance tools improve accounting and financial reporting processes?

AI can automate core financial transactions, reconciliations, and reporting tasks, reducing errors and costs. Additionally, AI-driven anomaly detection can improve data quality and integrity in financial statements and regulatory filings.

Can AI finance tools assist with personal finance management?

Yes, AI-powered personal finance apps can track expenses, optimize budgets, provide personalized investment advice, and predict future financial trends to help individuals make better savings and spending decisions.

How can AI finance tools enhance customer service in the financial sector?

AI-powered chatbots and virtual assistants can provide personalized customer interactions, improving satisfaction and engagement. Additionally, AI can analyze customer data to offer tailored product recommendations and targeted marketing campaigns.


As I reflect on the transformative power of the best AI tools for finance in 2024, I'm filled with excitement about the future of this industry. These cutting-edge solutions have redefined the boundaries of what's possible, empowering financial professionals to make data-driven decisions with unparalleled accuracy and efficiency.

Throughout our exploration, we've witnessed how AI tools can streamline complex processes, uncover hidden insights, and mitigate risks with remarkable precision. From intelligent chatbots that provide personalized financial advice to advanced algorithms that detect fraudulent activities, the applications of AI in finance are truly boundless. However, it's important to remember that technology is merely a tool, and its true potential lies in the hands of those who wield it. As we embrace these AI tools, we must remain vigilant about ethical considerations, data privacy, and regulatory compliance, ensuring that our pursuit of innovation never compromises our core values.

I encourage you to embrace these AI finance solutions with an open mind and a willingness to adapt. The future of finance is being shaped by those who dare to think differently, and with the right AI tools at your disposal, you have the power to stay ahead of the curve and unlock new arenas of financial success. Let's shake things up with these most advanced AI tools for finance and pave the path for a future where technology and expertise come together for sustainable growth and prosperity.

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