Eric Edelstein

Co-Founder DOKKA - ​AP & Close Accounting AI Automation​
Prev. Co-Founder Clicks2Customers & incuBeta
Angel Investor
Crypto Enthusiast

[Eric Edelstein @EricEdelstein]

It's an exciting time to be in Finance. Why?
https://t.co/TQMh2z8Uhh?

[Eric Edelstein @EricEdelstein]

Do you understand the #butterflyeffect in the context of #accounting?
Find out more on my latest linkedin post:
https://t.co/W1LRCIy4Zi

[Eric Edelstein @EricEdelstein]

Want to know how to reclaim time from #accountingautomation?

https://t.co/pZnS4yREK5

[Eric Edelstein @EricEdelstein]

What is the best question to ask when looking for an automation tool?

https://t.co/bZCSWn4dEg

[Eric Edelstein @EricEdelstein]

Reminder to show to my kids later while they are playing @PlayStation

[Pascal Bornet @pascal_bornet]

A 17-year-old just built a mind-controlled prosthetic arm for $300.

Yes, $300.

For something that usually costs $450,000.

Let that hit you.

A teenager, working from home, used AI, cheap materials, and 23,000 lines of code to build a device that reads brain signals without surgery, without implants, and without a $450K price tag.

This is not a feel-good story.

It’s a warning shot.

How can a high school student build something 1,500× cheaper than the industry standard?

What does that say about innovation?

About pricing?

About who gets access to life-changing technology?

Of course, medical prosthetics are expensive for real reasons:
materials, testing, regulation, customization.

But let’s be honest — not all of that justifies a half-million-dollar price.

This story exposes a simple truth:

The future of accessibility won’t come from the system.

It will come from the outsiders who dare to challenge it.

If a 17-year-old can match top-tier prosthetics for a fraction of the cost…

why aren’t these solutions available to the millions who need them?

What do you think — breakthrough moment or the start of a bigger revolution?

#AI #Innovation #Healthcare #Accessibility #FutureOfTech

[Eric Edelstein @EricEdelstein]

For my thoughts on this, visit https://t.co/OHS7phyy6z

[Eric Edelstein @EricEdelstein]

There's an art to creating an automated workflow.

[Eric Edelstein @EricEdelstein]

My day with automation looks very different.
Bottom line:
You begin to work on the business, not just in the business.

Welcome to the #theFrictionlessHour

[Eric Edelstein @EricEdelstein]

Automation isn't just making Accountants more efficient - it's making better accountants.

#accountants - do you agree with this?

[Eric Edelstein @EricEdelstein]

Truth!
The most overrated feature in automation software is the sheer number of features.

[Eric Edelstein @EricEdelstein]

You want to know something? My biggest fear when I starting using automation was about losing control. The idea of letting a machine take over was terrifying.

[Eric Edelstein @EricEdelstein]

The automation tool is the vehicle, but clean data is the fuel that gets you anywhere meaningful.

[Eric Edelstein @EricEdelstein]

You can have the best tool in the world, but if your data is a mess, you're just automating chaos.

[Eric Edelstein @EricEdelstein]

"Accounting Automation is like a team of tiny, librarians who read, categorize, and shelve every invoice instantly. My job is to be the head librarian, helping people find the stories within the data."

Need to try explain a complex situation in a simple way, use an analogy!

[Eric Edelstein @EricEdelstein]

Accounting automation will handle the "what," so that accountants are free to focus on the "why" and "what's next."

[Eric Edelstein @EricEdelstein]

When our team started strategising around AP automation, I expected time savings for our customers. I didn't expect the dramatic improvement in vendor relationships from activities such as paying every invoice on time.

[Eric Edelstein @EricEdelstein]

Why should accountants embrace tech?

1. A digital audit trail is a massive benefit for compliance & security

2. The long-term gains in efficiency and control far outweigh the mindset change pain

3. The change of mindset is the one-time price you pay for permanent peace of mind

[Eric Edelstein @EricEdelstein]

Do you see AI as a competitor?

1. AI excels at pattern recognition, while humans excel at context and judgment.
2. The best results come from a Human-in-the-Loop (HITL) approach.
3. Viewing AI as a tool reduces fear and encourages adoption.

YOU are still the artist!

[Eric Edelstein @EricEdelstein]

In this 3rd post on hashtag#accountingautomation, I want you to remember the days of chasing down approvals and deciphering handwriting on invoices.

We often talk about the hard costs of manual AP, but the real cost is the stress, frustration, and missed opportunities.

[Eric Edelstein @EricEdelstein]

I often get asked if AP automation is worth it for low invoice volumes.

My answer?
it's the wrong question.

It's not about the number of invoices, but the value of your time and the cost of complexity.I want to reframe the conversation around value instead of just volume.

What do I think?
1. ROI for automation isn't a one-size-fits-all calculation.
2. The value of time is a critical, often overlooked, factor.
3. Invoice complexity can be a bigger driver for automation than invoice volume.
4. Streamlining approval workflows is a primary benefit, regardless of scale.

Bottom line?
Even one complex invoice automated is a win, because it frees up cognitive load for more important matters.