Tested & Approved: Finom’s AI Accountant Now Available for All German Entrepreneurs
Managing taxes while running a business shouldn't feel like navigating a maze blindfolded. Yet for millions of European entrepreneurs, tax compliance remains a costly, time-consuming nightmare. Today, we're changing that - by making our AI Accountant available for all German customers.
The €225 Billion Problem
The numbers tell a stark story. Small and medium enterprises across Europe waste billions annually on fragmented, expensive tax solutions that don't actually solve their problems. Our research of over 1,000 SMEs and freelancers in Germany revealed the scale of this challenge:
- 85% manage multiple business activities using separate, disconnected tax declaration approaches
- 56% handle tax filings alone without professional help, struggling through complex processes
- 74% complain about tax advisors citing high costs, lack of transparency, and outdated methods
- €500-€3,000+ is what 80% spend annually just on tax preparation and submission
Meanwhile, there are 2,000+ German entrepreneurs on our AI Accountant waitlist, all looking forward to a better solution.
Beyond Standalone Tools
The advantage of our AI Accountant is that it lives directly inside your financial management platform. No more switching between apps, manual data entry, or wondering if your numbers match across different systems. Your transactions are automatically processed, documents are instantly recognized and categorized, tax calculations happen in real-time, and compliance alerts arrive proactively. You validate and submit – that's it.
How Our Multi-Agent System Works
Our AI Accountant isn't just one algorithm – it's a distributed multi-agent system where specialized AI agents collaborate on complex tasks. This advanced approach enables:
- Automatic transaction categorization and reconciliation based on your actual business patterns
- Receipt and invoice recognition that extracts data and creates bookkeeping records
- Tax declaration preparation and submission directly to German authorities
- Automated payment management and real-time deadline tracking
- Proactive compliance notifications so you never miss critical dates
The system has integrations with the most popular accounting software in Germany with 85% coverage, ensuring smooth data flow regardless of your current setup.
From Beta to Full Launch: Built on Real Feedback
We didn't build this in isolation. Since our beta launch in March 2025, we've gathered insights from real users facing real challenges. The feedback led to significant product updates, including separate tax declaration approaches for different income streams – a critical need for the 85% of German entrepreneurs managing multiple business activities.
Our product development is driven by listening to our customers and understanding their real-world challenges, so that we deliver systems that work for our customers and help them get things done.
What's Next
Currently, our AI Accountant fully covers tax submission needs for freelancers and self-employed professionals. Coming soon, we'll expand to include specialized reports like Lohnsteueranmeldung (payroll) and Zusammenfassende Meldung (intra-EU transactions) for more complex company structures including GmbH and UG entities.
Following our German success, we'll roll out AI Accounting across additional European markets. With 200,000+ customers already trusting Finom across Europe, we're positioned to transform how European small businesses handle their finances.
Learn more about Finom AI Accounting at finom.co/de-de/accounting
Stay tuned for more updates as we continue to innovate and bring new solutions to make entrepreneurship easier and more efficient.
