Saturday 15th June 2024 | No. 82
XU Biweekly
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Xero unveils breakthrough tech behind Just Ask Xero to improve accuracy of accounting tasks
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Xerocon 2024 12th - 13th June, London
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ENAI-POWERED JAX BETA COMING SOON WILL HELP SMALL BUSINESSES COMPLETE ACCOUNTING TASKS WHEREVER THEY ARE. JAX, available in beta in August, will help small businesses and their advisors run their business more efficiently. Customers and accounting and bookkeeping partners will be able to ‘Just Ask Xero’ to complete tasks like generating an invoice or editing a quote, either in Xero or other commonly used apps and devices that businesses use day-to-day, such as mobile, WhatsApp and email. See the JAX demo here. Diya Jolly, Chief Product and Technology Officer at Xero said: “We are making steps towards delivering on our product vision – to reimagine accounting through AI and mobile. Small busi-
ness owners are rarely in one place, or using just one tool. Through GenAI and mobile, it's now possible to really change accounting for small businesses so that it’s where their work is — in the office, on the move, on their computer or on their smartphone. With powerful, smarter AI like JAX answering our customers’ most important questions, we’re making the most critical business tasks available to business owners in the most important place — wherever they work.” New technology-boosting accuracy in Just Ask Xero Xero unveiled its firstof-its-kind technology that works under the hood of JAX. The proprietary technology ensures far greater accuracy than other AI models that only rely on large language models (LLMs).
It uses a control system to ensure the data that’s fed to the LLMs is only related to the relevant task, such as quoting an invoice. “It's critical to ensure accuracy in accounting tasks, which means using GenAI presents a unique challenge. LLMs are incredibly powerful yet can be flawed. When they are ungrounded and don't have access to the right information in context, they can make up data points. In accounting, we can't make up information. That’s why implementing a technology like this is so groundbreaking for the accounting industry. It puts the right guardrails in place around the AI to ensure Xero customers using AI for accounting tasks can trust the precision and accuracy of JAX,” Jolly said.
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Saturday 15th June 2024
ISSN 2054-7234
82
9 772054 723006
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