Fraunhofer Center for Assistive Information and Communication Solutions – AICOS02.03.2026
Accounting is one aspect of finance that has yet to realize the full potential of machine learning. Currently, these sectors face growing challenges—fragmented workflows, repetitive manual tasks, and the increasing complexity of regulatory compliance. From the perspective of large accounting organizations such as Moneris, these challenges are amplified by scale, where traditional rule-based systems and manual processes quickly become unmanageable.
FIBFlow – Financial Intelligent Business Flow – is an ambitious two-year project (September 2025 to August 2027), led by TRH in collaboration with Moneris/MSG and Fraunhofer Portugal AICOS, designed to revolutionize how organizations manage their financial operations.
A Strategic Vision to Transform Accounting
FIBFlow sets out to develop an integrated digital platform that centralizes and automates financial operations. By leveraging advanced Artificial Intelligence (AI), the platform will streamline processes, reduce human error, enhance productivity, and ensure continuous alignment with regulatory standards.
“We have high expectations for this project, particularly in its ability to integrate and automate processes that have so far been dispersed and inefficient,” says Vítor Rolla, Senior Researcher at Fraunhofer Portugal AICOS. “We believe FIBFlow can represent a major step forward in how companies manage their financial and regulatory systems — increasing agility, accuracy, and freeing resources for higher-value tasks.”
From Moneris’ perspective, the motivation for FIBFlow is both technical and operational. After extensive market analysis and multiple ERP demonstrations, Moneris identified a critical gap: neither the ERP systems used in its core activity nor alternative solutions on the market currently offer AI-based accounting suggestion capabilities.
“Most existing systems rely on rule-based configurations that must be manually defined by users—an approach that may be acceptable for a single company but becomes unfeasible when scaled to more than 3,500 active client companies. Moreover, there is no solution that delivers this functionality in a direct, out-of-the-box manner”, clarifies Cláudia Borges, Parner at Moneris
“Operationally, Moneris faces two major challenges that remain unresolved: ensuring productivity and minimizing errors. A significant number of tasks are still performed manually, consuming more time than desired. At the same time, errors resulting from manual processes have a considerable impact on productivity. The time required to validate and correct these errors cannot be charged to clients, directly affecting operational efficiency. FIBFlow directly addresses these challenges by embedding intelligent automation into core accounting workflows”, she added.
FIBFlow’s mission goes beyond simple automation; it aims to fundamentally redefine the role of accounting within organizations. Carlos Duarte de Oliveira, Chairman of Moneris, strongly advocates this paradigm shift: according to him, “80% of accountants’ work can be fully automated.” This transformation will free accountants from operational routines, enabling them to adopt a more consultative and strategic role within companies.
For Moneris, this is an inevitable journey—technology is not merely a tool but a lever to create time for innovation, advisory, and delivering real value to clients. According to Cláudia Borges, “by automating routine and standard tasks, professionals can improve service quality and focus on higher value-added activities. In practical terms, this technological evolution also allows organizations to increase their business volume with the same workforce, as teams are freed to concentrate on tasks that generate greater value for clients.”
A Powerful Consortium for a Smarter Financial Ecosystem
The project brings together complementary expertise:
- TRH (consortium leader) contributes its software development capabilities;
- Moneris/MSG provides deep domain knowledge, operational insight, and access to real-world financial data;
- Fraunhofer Portugal AICOS leads the AI component, applying its experience in translating state-of-the-art research into practical, validated solutions.
The partnership aims to evolve the technology from TRL 4 to TRL 7, with a fully validated pilot in a real operational environment.
AICOS’ role in FIBFlow focuses on designing, training, and validating AI models that will power four key modules of the platform - Automated Accounting Recommendation System; Anomaly Detection and Forecasting; Regulatory Compliance using Large Language Models (LLMs) and Retrieval-Augmented Generation (RAG); and Multimodal Global Company Scoring. Through these modules, FIBFlow will enable intelligent automation — from extracting and structuring financial documents (e.g., auto-filling data from invoices), to predicting trends, detecting anomalies, and ensuring ongoing compliance with evolving financial regulations.
Innovation and Impact
Unlike existing partial solutions, FIBFlow introduces a holistic and unified approach to financial management. The platform’s ability to combine automation, predictive analytics, and compliance monitoring into one system makes it a first-of-its-kind solution in the market.
The expected impact extends across the financial value chain:
- Efficiency and productivity gains through the automation of repetitive processes;
- Faster service delivery and reduced operational costs;
- Predictive analytics to optimize inventory and resource allocation;
- Reduced compliance risks and avoidance of costly penalties.
Ultimately, FIBFlow represents a major step toward the modernization of financial management — promoting more resilient, data-driven, and intelligent business operations.
A More Strategic Future for Accountants
As Moneris envisions, the future of accounting will not be merely operational—it will be digital, strategic, and essential to business success. With FIBFlow, Moneris, TRH, and Fraunhofer Portugal AICOS are building a solution that not only optimizes processes but also reinvents the accountant’s role, preparing them to take a strategic lead within organizations.