We've come a long way in finance and accounting. From purely manual bookkeeping carried out in large, dusty, paper ledgers, through to Excel-based solutions and advanced accounting systems, we've been plunged into the exciting world of intelligent automation – powered by the "golden triangle" of robotic process automation (RPA), artificial intelligence (AI), and smart analytics. Representing a complete game-changer in improving finance processes, particularly promising under the umbrella of AI, is the concept of machine learning (ML). ML algorithms enable a specific task to be performed without it being explicitly programmed but rather through learning by example. The solution is based on statistical models created from sample data provided to the algorithm.