Viden, Powered by PAiD: The Future of Accounting Has Arrived

Viden Advisory has developed PAiD — the Process AI Intelligent Database — through its technology company, Process AI. Here is what it is, what it does, and why Viden clients on the Sunshine Coast are seeing it first.

Small business runs Australia — and it's drowning in admin

There are 2.7 million small and medium businesses in Australia. They represent 99.7% of all Australian businesses, employ more than 65% of the nation's private-sector workforce, and contribute more than 55% of GDP. Yet most are buried in administration, paperwork and red tape — many struggling to find time even to look at their numbers, let alone use them to manage, plan and drive the business forward.

AI is the answer to that productivity gap. Jobs will change, but we don't believe the losses so often predicted will follow. With the productivity uplift AI delivers, we expect many businesses to employ more people — and to bring back onshore work that was long ago sent overseas.

That conviction is why Viden has worked with the team at Process AI to build PAiD.

Meet PAiD

PAiD is a single system that uses AI to automate all of your business's accounting and operations, built on a unique, centralised core database designed to capture everything about how a company runs:

• Accounting and tax
• Payroll
• Point of sale
• Inventory management and control
• Project management
• Bill of materials and tenders
• Menus and recipes
• Company records

…and more. It is only limited by your imagination.

Because of that structure, AI can take in data of any type — an invoice, a document, a feed from your existing systems — file it intelligently, and then produce any analysis or report you need, from a single invoice to a comprehensive business valuation.

Its power is in its simplicity

One of PAiD's greatest attributes is what it doesn't have: no dashboards, no drop-down menus, no complex interface to master. You use plain-English instructions, and you are operational in no time — with an executive summary or a detailed explanation, whichever you prefer.

Ask "How is my business travelling?" or "Will I need finance next year?" and get a straight answer.

The road ahead

PAiD is still in its development phases, but is well advanced past Stage 2, with Stage 3 the final step to be released before the March quarter of 2027.

• Stage 1 is already live: XAP, our fully automated AI accounts-payable system for Xero — no training required, already schooled on your business, processing every line of every invoice.
• Stage 2 — connect and report — is available today (read on).
• Stage 3, expected in the March quarter of 2027, sees PAiD take over from Xero and similar systems entirely: your whole operation in a single AI-driven structure.

Available today: plug your system into PAiD

We connect your existing accounting system — Xero, MYOB, QuickBooks or another — and bring your entire history across, fully automated: customers, suppliers, general ledger, every transaction. Your file is usually mapped into your own private PAiD database within 24 hours. Once coupled, you stay connected and run live report packs on demand — and you can redesign them to work the way you do.

Four report packs, ready now

• Business Valuation Pack. Every Australian SME is going to need a business valuation as at 30 June 2027. PAiD delivers it far faster — and for far less.
• Fraud Detection Analysis. White-collar theft and fraud costs SMEs an average of $141,000 a year. You can do the maths.
• Tax Reports Pack. Instant tax planning and return preparation for your accountant — freeing their time for strategic, tax-saving advice.
• Finance & Management Pack. Consolidated three-way cashflows, debtor and serviceability analysis, historical comparisons — plus trust deeds, company files and searches.

Packs are fixed-price, reconciled to source, and delivered to your secure portal in as little as 48 hours. Beyond the fixed packs, you can design any report you want and dive into every number.

Meet your business's greatest FAN

Every PAiD business is paired with a FAN — a specialist Financial Accounting Navigator. Your FAN contacts you from day one and conducts a free Data Integrity Check: a no-charge report on how accurate the data in your system really is, together with a clear map to automate your operation and improve it dramatically.

The Enterprise solution

Choose the Enterprise pack with full Performance Services — our new name for bookkeeping, because it involves so much more than data processing — and every report pack is included free. The Standard pack is charged at $100 per month, per entity (+ GST).

Our challenge to ourselves is simple: to deliver the entire system at a similar or cheaper price than Xero and the other popular accounting platforms. Imagine that — your entire business software, plus your own personal AI administration and accounting staff, for what you pay Xero today. And Enterprise clients who build automated systems with us now will share in the revenue from new developments they are part of.

Your data, protected

Starting with the Sunshine Coast

Viden built PAiD to deliver this opportunity to all of our clients — and we are starting on the Sunshine Coast. To see PAiD on your own numbers, make an appointment through your accountant today, contact Sally Evans directly at sallye@viden.com.au, or phone the Sunshine Coast office. PAiD is also open to registrations of interest from investors — register on the Process AI home page.

The future of accounting starts here.