About Artifact AI

Artifact AI provides automated accounting solutions using AI agents to streamline bookkeeping, VAT compliance, and financial reporting for businesses and accounting firms. By integrating with e-commerce platforms, it reduces the time and cost of financial management while delivering real-time insights for informed decision-making.

```xml <problem> Traditional accounting processes, especially for e-commerce businesses, involve managing multiple software connections and manual data entry across platforms, leading to inefficiencies and potential errors. Accountants and finance teams spend excessive time on bookkeeping, reconciliation, and VAT compliance, hindering their ability to focus on strategic financial analysis and growth. </problem> <solution> Artifact AI provides an AI-powered accounting automation platform designed to streamline financial workflows for businesses and accounting firms. The platform integrates with e-commerce platforms, bank accounts, and payment processors to automate bookkeeping, reconciliation, VAT returns, and file collection. By leveraging AI, Artifact AI automates transaction categorization, generates financial reports, and provides real-time financial insights through a conversational AI assistant, enabling users to make data-driven decisions and improve financial performance. The platform offers customizable workflows and scales with business growth, ensuring accuracy and compliance while reducing time and costs associated with traditional accounting methods. </solution> <features> - Automated data extraction and processing from e-commerce platforms, bank accounts, and payment processors - AI-powered reconciliation and bookkeeping with real-time transaction categorization - Automated VAT return filing and compliance management - Real-time financial insights and reporting through a conversational AI assistant (Arti Chat) - Customizable workflows to adapt to specific business needs - Automated file collection of invoices, bills, and receipts - Client portfolio management with proactive notifications for deadlines and compliance requirements - Seamless integration with existing accounting software and workflows - Agentic analysis for identifying opportunities for cost savings, revenue growth, and investments </features> <target_audience> Artifact AI targets accounting firms seeking to automate client accounting and growing businesses and finance teams aiming to streamline bookkeeping, compliance, and gain real-time financial insights. </target_audience> <revenue_model> Artifact AI offers tiered subscription plans: "Business Basic" at £60/month, "Business Premium" at £100/month, and custom pricing for accounting firms, with features varying by plan. </revenue_model> ```

What does Artifact AI do?

Where is Artifact AI located?

Artifact AI is based in London, United Kingdom.

When was Artifact AI founded?

Artifact AI was founded in 2024.

Location

London, United Kingdom

Founded

2024

Employees

7 employees

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

Artifact AI

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

artifactai.uk 300+

Founded 2024 – London, United Kingdom

Funding

No funding information available.

Team (5+)

No team information available.

Company Description

Problem

Traditional accounting processes, especially for e-commerce businesses, involve managing multiple software connections and manual data entry across platforms, leading to inefficiencies and potential errors. Accountants and finance teams spend excessive time on bookkeeping, reconciliation, and VAT compliance, hindering their ability to focus on strategic financial analysis and growth.

Solution

Artifact AI provides an AI-powered accounting automation platform designed to streamline financial workflows for businesses and accounting firms. The platform integrates with e-commerce platforms, bank accounts, and payment processors to automate bookkeeping, reconciliation, VAT returns, and file collection. By leveraging AI, Artifact AI automates transaction categorization, generates financial reports, and provides real-time financial insights through a conversational AI assistant, enabling users to make data-driven decisions and improve financial performance. The platform offers customizable workflows and scales with business growth, ensuring accuracy and compliance while reducing time and costs associated with traditional accounting methods.

Features

Automated data extraction and processing from e-commerce platforms, bank accounts, and payment processors

AI-powered reconciliation and bookkeeping with real-time transaction categorization

Automated VAT return filing and compliance management

Real-time financial insights and reporting through a conversational AI assistant (Arti Chat)

Customizable workflows to adapt to specific business needs

Automated file collection of invoices, bills, and receipts

Client portfolio management with proactive notifications for deadlines and compliance requirements

Seamless integration with existing accounting software and workflows

Agentic analysis for identifying opportunities for cost savings, revenue growth, and investments

Target Audience

Artifact AI targets accounting firms seeking to automate client accounting and growing businesses and finance teams aiming to streamline bookkeeping, compliance, and gain real-time financial insights.

Revenue Model

Artifact AI offers tiered subscription plans: "Business Basic" at £60/month, "Business Premium" at £100/month, and custom pricing for accounting firms, with features varying by plan.