FloQast has launched FloQast AI Agents, a new AI tool designed specifically for accountants, allowing them to automate complex workflows in close management, compliance, and reporting using natural language. This innovative feature helps accountants transition from routine tasks to more strategic roles, especially amid ongoing talent shortages in the industry. The initial offerings include a Journal Entry Agent for streamlined accruals, a Data Transformation Agent for organizing data without extensive coding, and a Custom Agent for tailored automation solutions. With FloQast Transform, users can create and manage their own AI Agents, making it easier for accounting teams to adapt their processes to unique organizational needs. FloQast’s commitment to reliability is reinforced by ISO 42001 certification for AI management.
LOS ANGELES, March 25, 2025 – FloQast, a leading platform in accounting transformation, has just unveiled its latest innovation: FloQast AI Agents. This new technology allows accountants to streamline complex and repetitive tasks by using natural language, making it easier than ever to manage workflows in close management, compliance, and reporting.
With the increasing demand for strategic insights in accounting, many finance leaders are excited about the potential of AI. According to a recent Gartner report, 66% of finance leaders have become more optimistic about AI’s impact this year. FloQast’s AI Agents enable accountants to automate critical processes without needing extensive coding. Here are three key AI Agents being introduced:
- Journal Entry Agent: This tool automates the creation of journal entries, simplifying processes like posting accrual entries from Coupa data.
- Data Transformation Agent: This agent standardizes unstructured data using natural language, allowing teams to prepare work for reconciliations and compliance more efficiently.
- Custom Agent: This feature grants organizations the flexibility to create agents tailored to their specific workflow needs.
FloQast recognizes the unique challenges accounting teams face, from talent shortages to rising workloads. By integrating AI into everyday tasks, accountants can focus on more impactful work, transitioning from data preparers to strategic reviewers. This capability is crucial as organizations look to maximize their resources effectively.
The heart of this initiative lies within FloQast Transform, a powerful product that empowers businesses to create and manage their own AI Agents easily. With a strong emphasis on reliability and ethics, FloQast has also achieved ISO 42001 certification, setting a standard in AI management.
Mike Whitmire, CEO of FloQast, emphasizes the importance of this advancement, stating that it helps plug the talent gap in accounting, allowing teams to operate smarter and more efficiently.
As the accounting industry evolves, tools like FloQast AI Agents are invaluable for firms aiming to stay ahead of the curve in financial management.
For more details about FloQast AI Agents and their capabilities, visit FloQast.com.
Keywords: FloQast, AI Agents, Accounting Innovation
Secondary Keywords: Accounting Automation, Financial Reporting, Compliance Automation
What are Auditable AI Agents?
Auditable AI Agents are smart tools created by FloQast. They help businesses manage their accounting and finance tasks more easily and accurately. These AI agents can perform various functions while ensuring all actions are tracked and verifiable.
How does FloQast’s technology help bridge the talent gap?
FloQast’s technology makes it easier for companies to handle finances without needing as many specialized workers. By using Auditable AI Agents, businesses can automate routine tasks, allowing human talent to focus on more important work.
What benefits do Auditable AI Agents offer?
The main benefits include:
– Time savings by automating repetitive tasks.
– Improved accuracy in financial reporting.
– Enhanced transparency and accountability in operations.
Can these AI agents be trusted with sensitive financial data?
Yes, FloQast’s Auditable AI Agents are designed with security in mind. They have features that ensure data protection and provide a clear audit trail for every action performed, making it easier to track and verify processes.
Who can use FloQast’s Auditable AI Agents?
Any business that needs help with accounting and finance can use these AI agents. They are suitable for small businesses as well as large corporations looking to streamline their financial processes and reduce the burden on their workforce.