The software is also claimed to save more than 500 hours annually for each project manager. Credit: Daenin/Shutterstock.

Eleven, a developer of cloud-based accounting solutions, has introduced a project management tool that leverages artificial intelligence (AI) to streamline workflows for accounting teams.

The AI-driven accounting software is designed to streamline operations, improve project timelines, and enable firms to achieve milestones with greater precision, the company claims.

Utilising artificial intelligence, the software can generate in-depth project insights, manage intricate schedules, and predict potential delays, thereby reducing administrative burdens and allowing accountants to concentrate on strategic tasks for better outcomes.

Key features of Eleven’s new software include the ability to access comprehensive project reports in under five minutes and AI-powered schedule predictions boasting 98% accuracy.

The software is also claimed to save more than 500 hours annually for each project manager, highlighting its potential to significantly reduce time spent on project administration.

The software offers a comprehensive approach to project management, supporting multi-site operations and budgeting across different currencies.

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It can adapt to the changing business needs of accounting firms, ensuring seamless integration and transparent reporting.

In addition to its core functionalities, Eleven’s software provides additional benefits such as free setup and data migration, a fixed pricing guarantee, and access to insights from industry leaders through extensive reports.

These features are aimed at providing accounting firms with a advanced tool for enhancing their project management capabilities.

A spokesperson from Eleven stated: “Our goal is to empower accounting teams with the technology they need to succeed. Automating routine tasks, we help firms scale and optimise workflows, driving business growth.”