Selectsoft: An AI assistant can reduce the time spent analyzing financial indicators by up to 70%

Using an artificial intelligence-powered assistant to analyze financial indicators can reduce the time spent on this process by up to 70% and accelerate decision-making by up to 60%, according to an assessment conducted by Selectsoft, a Romanian provider of customized ERP solutions for SMEs. The company tested the solution within its own workflows before integrating it into the financial analysis modules available to its customers.

According to Selectsoft, most implementations have been carried out in companies operating in the retail and manufacturing sectors, where transaction volumes and inventory-related data are high. For these companies, rapid access to information on sales, inventory, or collections can support business monitoring during periods of increased commercial activity, such as Black Friday or the winter holiday season.

To address this need, the company has integrated an AI assistant into its financial analysis modules. Users can obtain information on business management and performance over specific periods, product inventory, as well as outstanding payments from customers and amounts owed to suppliers. They can also request comparisons between different periods or specific information about certain products, without having to manually identify the relevant reports. The solution also supports the use of artificial intelligence models such as ChatGPT, Gemini, and Claude.

 “AI is changing the way companies use data from their ERP systems, turning analysis into a faster and more accessible process. Entrepreneurs can obtain answers in a very short time and gain a clear view of their company’s performance without relying on manual verification processes. Ultimately, the technology gives them more time to focus on what matters: interpreting results and making decisions,” said Călin Buciuta, Founder of Selectsoft.

The adoption of such solutions is taking place against a backdrop of growing use of artificial intelligence in the business environment. In 2025, 20% of companies in the European Union with at least 10 employees were using AI-based technologies, up 6.5 percentage points from the previous year, according to Eurostat.

Data collected by Selectsoft indicate stronger interest in such technologies among younger entrepreneurs, while data security remains one of the main concerns during the adoption process. To protect financial information, each customer can query only their own database through a secure access system.

Integrating artificial intelligence into ERP solutions is a development priority for Selectsoft, as companies look for ways to simplify access to data and make analytical processes more efficient. The company expects the use of these technologies to continue to grow as AI solutions become more accessible and better adapted to the operational needs of SMEs.

About Selectsoft

Selectsoft is a Romanian provider of customized ERP solutions for SMEs, with 18 years of experience in the market. The company offers a modular and configurable system that integrates inventory management, invoicing, online and offline sales, accounting, expense management, CRM, financial reporting, and integration with government digital platforms. Selectsoft differentiates itself through its ability to fully tailor ERP solutions to each client’s specific workflows, 24/7 human technical support, and pricing adapted to the size of each business. With a team of 21 employees, the company serves clients across industries that require efficient inventory management, invoicing, and CRM solutions. Over its 18 years of activity, Selectsoft has invested more than €3.4 million in technology development, infrastructure, and security, supporting the growth and digital transformation of the businesses it serves.