{"id":47643,"date":"2024-04-29T09:00:46","date_gmt":"2024-04-29T09:00:46","guid":{"rendered":"https:\/\/silverfin.com\/?post_type=customers&p=47643"},"modified":"2026-02-16T11:06:19","modified_gmt":"2026-02-16T11:06:19","slug":"gravita-unlocking-power-of-ai","status":"publish","type":"customers","link":"https:\/\/silverfin.com\/en-gb\/customers\/gravita-unlocking-power-of-ai\/","title":{"rendered":"How Gravita unlocks the power of AI with Silverfin"},"content":{"rendered":"\n

Gravita<\/a> is setting out to create a \u2018new era of accountants\u2019. Fuelled by an ingrained pioneer mindset, the top 30, full service accounting firm combines best-in-class technology with its experts\u2019 specialised skillset to help clients achieve their business goals. When Silverfin Assistant was first launched in the UK in 2023, Gravita \u2013 quite literally \u2013 jumped on the opportunity to try it out. In a heartbeat, they were smitten. And now they\u2019re embedding it into their ways of working.<\/p>\n\n\n\n

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\u201cWe were keen to be early adopters of Silverfin Assistant; now we\u2019re also strong advocates.\u201d<\/p>\nRussell Frayne<\/strong>, Director of Transformation at Gravita<\/cite><\/blockquote>\n\n\n\n

Venturing into AI waters responsibly<\/h3>\n\n\n\n

With tech at its core, it\u2019s only natural that Gravita encourages its people to experiment with new technologies such as AI. But there are a few non-negotiable rules to follow, of course.<\/p>\n\n\n\n

\u201cAs we work with sensitive client data and confidential information, it\u2019s vital to know where and how that data is being used and stored by the AI system\u201d, Russell explains. \u201cTo mitigate data security risks, the safest and most sensible way to initially embrace AI is adopting in-platform tools <\/strong>built in the core accounting software that you\u2019re already using.\u201d<\/p>\n\n\n\n

\u201cSilverfin Assistant<\/strong><\/a> <\/strong>sits right at the heart of the Silverfin platform, so that\u2019s reassuring\u201d, says Russell. \u201cThe software had already gone through due diligence and procurement processes when we adopted it into the business. So, we already knew our data would be safe.\u201d<\/p>\n\n\n\n

Value from the first run<\/h3>\n\n\n\n

When Gravita tried out Silverfin Assistant for the first time in the accounts preparation stage, the advanced AI tool immediately showed its value. <\/p>\n\n\n\n

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\u201cInstead of reviewing the data manually, we ran it through Silverfin Assistant. The tool ran around 100 checks and spotted three or four opportunities that were \u2018nice to know\u2019, but also four errors that were spot-on. It would have taken an accountant, say, 30 minutes or more to dive into the file and find those anomalies<\/strong>.\u201d explains Russell.<\/p>\n<\/blockquote>\n\n\n\n

An extra pair of (eagle) eyes<\/h3>\n\n\n\n

\u201cTrying to find inconsistencies in nominal accounts, VAT rates, posting dates and so on takes ages and they can be easily missed\u201d, Russel continues.<\/p>\n\n\n\n

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\u201cHuman error <\/strong>is always lurking behind the corner. We all have a bad day sometimes, are up against tight deadlines juggling multiple client files \u2013 in any case, using Silverfin Assistant is like having a friend looking over your shoulder, saying: \u2018Have you reviewed this? Don\u2019t miss that. That looks a bit strange, don\u2019t you think?\u2019 <\/em>That\u2019s an immediate win for your data quality.\u201d<\/p>\n<\/blockquote>\n\n\n\n

\u201cThis holds true in terms of localisations as well\u201d, Russell adds. \u201cLike many accountancy firms, we regularly work with offshore partners<\/strong>, which comes with difficulties in aligning approaches \u2013 both company and UK-market specific. With Silverfin Assistant flagging anomalies in offshore work, it bridges the knowledge gap, increasing data quality and facilitating the collaboration.\u201d<\/p>\n\n\n\n

\u201cAnother knowledge gap the Silverfin Assistant helps to bridge is that of junior accountants who still have a lot to learn\u201d, says Russell. \u201cThere are clear and detailed explanations on the checks performed by the tool, highlighting why they were made and why they matter. These invaluable insights supercharge the progress of junior-level staff <\/strong>and their performance simultaneously.\u201d<\/p>\n\n\n\n

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Three reasons why Gravita is a big fan of Silverfin Assistant<\/h3>\n\n\n\n

Russell primarily raves about how the tool enables accounting firms to leverage:<\/p>\n\n\n\n