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Kurums Applied AI · №04

How is AI being applied in accounting and finance software?

Every major ledger, ERP and spend platform now markets an AI agent. The useful ones do narrow, high-volume work under human review. Autonomous close is still mostly a demo.

Transaction categorisationProven
Expense policy auditEmerging
Autonomous month-end closeHype
Department Hub - Finance

Finance

A working desk for corporate finance, banking, markets, crypto, fintech, insurance and macro. Move from pillar hub to focused guide without scrolling archive pages.

Pillar Atlas

Every major Finance pillar as a card. Open a pillar to reach its guides, with live article counts from the current categories.

Topic Hub50 guides

Venture Capital

Top VC firms by country, sectors and exits by year, who gets funded, how to reach investors, open applications and investing in VC funds.

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Pillar743 guides

Crypto Finance

Focused crypto finance guides, frameworks and worked examples for practitioners.

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Pillar382 guides

Macroeconomics

Focused macroeconomics guides, frameworks and worked examples for practitioners.

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Pillar334 guides

Fintech & Transfers

Focused fintech & transfers guides, frameworks and worked examples for practitioners.

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Pillar316 guides

KPIs & Metrics

Focused kpis & metrics guides, frameworks and worked examples for practitioners.

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Pillar197 guides

Insurance

Focused insurance guides, frameworks and worked examples for practitioners.

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Pillar146 guides

Investment Analysis

Focused investment analysis guides, frameworks and worked examples for practitioners.

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Pillar93 guides

International Finance

Focused international finance guides, frameworks and worked examples for practitioners.

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Pillar83 guides

Banking

Focused banking guides, frameworks and worked examples for practitioners.

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Pillar78 guides

Financial Reporting

Focused financial reporting guides, frameworks and worked examples for practitioners.

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Pillar31 guides

Budgeting & Planning

Focused budgeting & planning guides, frameworks and worked examples for practitioners.

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Pillar10 guides

Money Transfer Tips & Tricks

Focused money transfer tips & tricks guides, frameworks and worked examples for practitioners.

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Pillar8 guides

Tools & Comparisons

Focused tools & comparisons guides, frameworks and worked examples for practitioners.

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Kurums Decoded · Finance

Finance terms, translated.

Runway, burn rate, EBITDA, gross margin and the gap between cash and profit: the words every finance meeting assumes you already know.

Working capital, Decoded: What It Actually Means

Working capital, Decoded: What It Actually Means

Working capital is the money a business has available to run its daily operations. It is usually calculated as current assets (cash, money customers owe you, stock) minus current liabilities (bills and short-term debts due within about a year). Positive working capital means you can cover near-term obligations; negative means you may struggle to.

Opex vs Capex, Decoded: What It Actually Means

Opex vs Capex, Decoded: What It Actually Means

Opex (operating expenditure) is the money a business spends to run day to day, like rent, salaries and software subscriptions. Capex (capital expenditure) is money spent on long-term assets, like machines, buildings or vehicles, that keep giving value for years. The split matters because the two are treated differently in the accounts and often for tax.

ROI, Decoded: What It Actually Means

ROI, Decoded: What It Actually Means

ROI, or return on investment, measures how much you gained or lost compared with what you spent. The basic formula is gain minus cost, divided by cost, shown as a percentage. Spend $100, end up with $130, and your ROI is 30%. It is a quick way to compare whether different uses of money were worth it.

Fresh from the desk

Latest Finance Articles

New guides published under Finance, refreshed automatically as articles go live.

Working capital, Decoded: What It Actually Means

Working capital, Decoded: What It Actually Means

Working capital is the money a business has available to run its daily operations. It is usually calculated as current assets (cash, money customers owe you, stock) minus current liabilities (bills and short-term debts due within about a year). Positive working capital means you can cover near-term obligations; negative means you may struggle to.

read more
Free Business Credit Cards With No Annual Fee (2026): 18 Free Plans Compared

Free Business Credit Cards With No Annual Fee (2026): 18 Free Plans Compared

Business credit and charge cards with no annual fee verified October 2026: Ramp, Brex, BILL Spend & Expense, Mercury IO, Amex Blue Business Cash and Plus, Chase Ink Cash and Unlimited, Capital One Spark Cash Select and Classic, Bank of America Customized Cash, U.S. Bank Triple Cash, Wells Fargo Signify, Capital on Tap, Tide, Airwallex, Moss, Wise — annual fee, FX fee, employee cards, rewards, APR. Revolut, Pleo, Soldo, Qonto paid.

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Opex vs Capex, Decoded: What It Actually Means

Opex vs Capex, Decoded: What It Actually Means

Opex (operating expenditure) is the money a business spends to run day to day, like rent, salaries and software subscriptions. Capex (capital expenditure) is money spent on long-term assets, like machines, buildings or vehicles, that keep giving value for years. The split matters because the two are treated differently in the accounts and often for tax.

read more
ROI, Decoded: What It Actually Means

ROI, Decoded: What It Actually Means

ROI, or return on investment, measures how much you gained or lost compared with what you spent. The basic formula is gain minus cost, divided by cost, shown as a percentage. Spend $100, end up with $130, and your ROI is 30%. It is a quick way to compare whether different uses of money were worth it.

read more

Kurums Book Taste

The Finance Shelf

Kurums Book Taste is our business-book review desk: every title gets a Taste Note - what the book argues, and exactly how to use it at work - and curated Tasting Menus chain them into reading routes. This is the shelf we keep stocked for Finance teams.

Yummy Pick - Book TasteThe Psychology of MoneyMorgan Housel

Use it to connect financial planning with behavior, incentives, and decision quality.

Taste Note - Book TasteFinancial IntelligenceKaren Berman and Joe Knight

Use it to read financial statements knowing which numbers are estimates and judgment calls.

Taste Note - Book TasteThe Intelligent InvestorBenjamin Graham

Write an investment-vs-speculation test into your treasury and M&A policies, and label every position honestly.

Taste Note - Book TasteThinking, Fast and SlowDaniel Kahneman

Institute reference-class forecasting: every major project estimate must cite the actual outcomes of comparable past projects.

Taste Note - Book TasteThe Most Important ThingHoward Marks

Add a what's-in-the-price memo to every investment and M&A proposal: the assumptions the asking price implies.

Taste Note - Book TasteA Random Walk Down Wall StreetBurton G. Malkiel

Write an investment policy that makes low-cost indexing the default and puts the burden of proof on active mandates.

Taste Note - Book TasteCommon Stocks and Uncommon ProfitsPhilip A. Fisher

Convert the fifteen points into your standing diligence template for acquisitions and strategic suppliers.

Taste Note - Book TasteAgainst the GodsPeter L. Bernstein

Tag the risks in your register as measurable or Knightian-uncertain, and fund buffers - not models - for the second column.

Taste Note - Book TasteThe Black SwanNassim Nicholas Taleb

Classify your top ten risks by domain and strip Gaussian confidence intervals from the Extremistan ones.

Taste Note - Book TasteThe Little Book of Common Sense InvestingJohn C. Bogle

Compute the all-in cost (fees, turnover, taxes) of every managed mandate and project it over twenty years in currency, not percent.

Taste Note - Book TasteThe Little Book of ValuationAswath Damodaran

Require a one-paragraph narrative and a driver table with every acquisition or capex valuation that reaches the investment committee.