Xero intros machine learning system for SMB invoicing ZDNet

Cloud accounting software provider Xero announced a new product that it says will bring machine learning and AI to the process of small business invoicing. The machine learning automation technology is currently without an official title, but Xero says it's designed to simplify and improve the way invoices are filed. More specifically, the technology will automatically suggest the appropriate account codes for an invoice based on past invoicing behavior of the business owner and their advisor. While the use case is indeed specific, Xero posits that small businesses frequently mislabel invoices, which in turn creates more work for themselves and their accountants down the road. "Before we work with a client, we always review their balance sheet to see if items are correctly allocated," said Andrew Erkins, director of technology at Xero Partner Digit Books.