Summa Cloud Accounting’s 3 New Features To Enhance Your Workflow

7.7.2025

1 minute read

Summa Cloud Accounting – a comprehensive accounting platform designed for  businesses of all sizes – has recently rolled out 3 new features designed to increase efficiency, reduce errors and save time.

1. AI-Powered Document Recognition

Manual entry is a thing of the past with the new AI-Powered Document Recognition feature. Upload your invoices or credit notes and let the system:

• Automatically read your documents

• Instantly capture key data, including; suppliers dates, totals, VAT, and line items

• Prepare a posting for your review in seconds.

Various file types are supported, including; PDF, JPG and PNG

Take control of your business and automate data entering

2. Fixed Assets Module

The Fixed Assets feature allows you to easily manage your long-term investments and to automate your depreciation posting in the books of account. 

Benefit from:

• Tracked asset acquisition and valuation

• Automate your depreciation schedules

• Accurately handle asset disposal

• Improve your financial reporting

Utilise this feature in order to stay compliant and up-to-date with your company’s asset tracking .

3. Bank Statement Upload for Reconciliation

Take advantage of the major update to reconciliation. Upload your bank statements into the reconciliation screen and benefit from:

• A faster, more streamlined reconciliation process

• Reduced errors due to manual entry

This feature prioritises workflow simplification without compromising control over your financial data.

These updates have already been released to Summa Cloud Accounting, and many more exciting ones are on the way. Don’t miss out, contact us today to learn more about Summa Cloud Accounting.