B2B Payments

Aitheon Pilots AI-Powered ‘Digibots’ To Automate Business Processes

Artificial intelligence (AI) robot technology firm Aitheon is introducing an array of so-called “digibots” developed to automate business processes using blockchain technology, according to reports.

Coinspeaker reported Wednesday (May 23) that the company announced six new digibots the company is ready to launch in beta phase.

Those bots include Aitheon Drive, which, reports said, is comparable to Google Drive and Dropbox.

Its Accounting digibot addresses cash flow management friction, with its latest updates including the ability to automate data entry from documents found in email platforms.

Aitheon is also introducing a Slack-like messenger service, a Project Manager solution, a Task Manager tool and an Item Manager digibot.

Reports said that as the company continues beta testing, it is offering the next 500 businesses to sign onto the pilots a discount to do so.

The B2B FinTech market has increasingly turned to robotics and artificial intelligence to address pain points that remain even with automated solutions. Accounting is a particularly attractive target for robotics innovators.

Last year, Jotham Ty, CEO of Gappify, spoke with PYMNTS following the launch of Alan, the company’s robotics process automation and AI solution to automate accounting tasks for the enterprise.

“This type of [bot] technology is just surfacing,” he said in September 2017. “But, I think, to further advance this type of technology as a community, it would be great to have more innovators think about how we get ourselves detached from software.”

Other B2B FinTechs have dipped their feet into the robotics and AI market with the creation of chatbots, including Sage, which created Pegg for its small business accounting solution customers.

Despite increasing development in this area, a survey released last year by SaaS firm Exact found only 10 percent of small businesses would trust a robot to complete accounting tasks, despite their increasing dependence on digital, automated technologies.

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