Artificial intelligence poses a particular challenge in its application to finance management because most treasury functions are no longer physical processes but rather virtual processes that are increasingly highly automated. Most finance teams are knowledge workers who make decisions and conduct analytics within often dynamic frameworks that must incorporate environmental considerations, internal considerations, and the impact of any actions on related corporate decisions, which are also highly complex. Here, let us look at AI tools to help you manage your finances.

Cleo: Cleo is an AI assistant that provides 24/7 Access to Financial Insights. It also provides a free AI budget planner that tailors a budget plan to your unique financial situation. The app will send the user times reminders about upcoming bills, ensuring they stay on top of their financial commitments. The app also has a spending tracker, overdraft Alerts, and a Roast and Hype Model. In “Roast” mode, the app provides humorous yet constructive feedback to help users exercise self-control. In “Hype” mode, Cleo provides light-hearted motivation and encouragement to make the financial journey more enjoyable.

GridRewards: This app is best for reducing energy bills. GridRewards is a unique app that merges sustainability with savings. The users can both reduce their carbon footprint and reap cash benefits by getting insights on when to reduce energy consumption during peak times.

Hopper: Hopper is an AI-powered travel companion. Using forecasting software, it advises users on the ideal times to book flights or hotels and get the best prices. It also shows you historical prices for a particular booking, so the users can see how pay compares to past price trends.  

Magnifi: Magnifi is an app that can be best used for investing. It serves itself as an AI inviting assistant, offering personalized conversational guidance to help users research and buy investments, manage and diversify their portfolios and learn about investing.

PocketGuard: PocketGuard is a fraud detection detector once the user’s bank account is connected. It also ensures the security of financial data, provides spending insights, keeps track of recurring bills, aids in budgeting and builds a strategic plan to pay off debts. 

PayPal Honey: This app is best for shopping deals. It is an app with an embedded browser extension, silently but efficiently scouring the internet for discounts and automatically applying them whenever users shop online. I also offer cash-back rewards on certain purchases. 

QuickBooks: QuickBooks is an app best for business owners. The app, known for its robust accounting tools, incorporates AI to automate several features useful to those who are self-employed and small business owners. Those features include flow forecasting, report generation and more.

Rocket Money (Formerly Truebill): Rocket Money automatically identifies and tracks your subscriptions and bills. Its concierge service is available to cancel services on the user’s behalf. It provides spending insights, linking all assets and debts to gain a full financial picture and activates autopilot to save money effortlessly. The app also waits on hold for the user and negotiates bills to ensure the user gets the best rates available.

WallyGPT: WallyGPT is one place for all finances as it provides a centralized platform for managing all your financial accounts and transactions. Track spending, bills, budgets, and cash flow all in one place. It is fully automated and available worldwide.