SANTA MONICA, CA / ACCESSWIRE / June 11, 2024 / StratGem-AI, a C.P.A.-founded firm specializing in enterprise accounting solutions, announced it has filed a provisional patent application with the United States Patent Office, achieving patent-pending status as of May 30, 2024, for its advanced Technical Accounting Memoranda Module. Acting as an "Intelligent Assistant," this breakthrough innovation harnesses the power of natural language processing (NLP), optical character recognition (OCR), and machine learning to revolutionize the creation of technical accounting memoranda, significantly enhancing the efficiency and accuracy of the process.
StratGem-AI's technology is designed for accounting firms, consulting companies, third-party administrators, and fund accountants. It stands out by automatically scanning and interpreting transaction documents, providing guidance on the appropriate accounting treatment, and supporting the analysis and conclusion process. The platform includes a comprehensive knowledge base, helping users make accurate determinations.
Technical accounting memos are crucial in the financial reporting process, ensuring compliance with accounting standards and supporting complex treatments. These time-sensitive memos are needed before financial statements are completed and require multiple levels of review. However, their manual creation is often time-consuming, costly, and prone to errors.
"This provisional patent validates our commitment to developing truly transformative AI solutions for the accounting industry," said Mike Kalansky, C.P.A., StratGem-AI's Founder. "Our technology adapts to each client's unique language, formatting, and business context," noted Mr. Kalansky. "This patent kickstarts our roadmap, with plans to extend support for IFRS and other international standards on the horizon."
The company's professional accounting services, including CFO consulting and IPO readiness support, are designed for businesses aiming for strategic growth and market entry. Backed by expertise in SEC reporting, technical accounting, advising startups and pre-IPO companies, and collaborating with skilled engineers, StratGem-AI plans to continue its upward trajectory. The company intends to carry on crafting tools like the Technical Accounting Module that are adept at automation and financial statement preparation with the utmost accuracy.
About StratGem-AI:
StratGem-AI specializes in implementing artificial intelligence to develop solutions focused on accounting process automation. The platform harnesses advanced technologies to enhance efficiency, accuracy, and compliance for accounting professionals globally. Combining innovative tools and expert human oversight, StratGem-AI delivers tailored, time-saving solutions that improve financial reporting and technical accounting practices. For more information, visit https://Stratgem-AI.com or contact Concierge@stratgem-AI.com.
Media Details:
Company Name: StratGem-AI
Company Email Contact: Concierge@stratgem-AI.com
Company Website: https://www.stratgem-ai.com/
SOURCE: StratGem-AI
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