FloQast, a leading Accounting Transformation Platform, has launched FloQast AI Agents, an innovative and auditable AI solution that automates complex accounting workflows. This breakthrough technology enables accountants to streamline tasks in close management, compliance, and reporting functions using natural language instead of extensive coding. By leveraging AI, accountants can transition from preparers to strategic reviewers, focusing on high-value insights while automation handles repetitive tasks.

FloQast AI Agents Revolutionize Accounting

According to the 2024 Gartner Current State of AI Use Within Finance report, 66% of finance leaders are now more optimistic about AI’s impact than they were last year. As organizations prioritize AI investments, FloQast is setting a new standard with three initial AI Agents:

AI Authority Trend: OwnID Introduces the First AI-Native Identity Solution for AI Agents

  • Journal Entry Agent: Automates journal entry creation, such as Coupa Accruals, streamlining the process of posting accrual entries from Coupa data.
  • Data Transformation Agent: Standardizes unstructured data using natural language, helping automate reconciliations, compliance, and reporting tasks.
  • Custom Agent: Allows organizations to develop their own AI Agents tailored to specific workflows.

FloQast plans to expand these capabilities, empowering accounting teams to automate key functions, including reconciliations, financial insights, and compliance.

AI-Powered Accounting with Built-In Trust

FloQast CEO Mike Whitmire, CPA, highlighted the urgency of AI adoption in accounting. “Accountants face mounting pressure with shrinking talent pools and increasing demands for strategic insights. FloQast AI Agents shift them from preparers to reviewers, offering fully auditable AI designed for trust. As CFOs struggle to fill roles, AI will be an invaluable tool to help teams work smarter, maintain control, and deliver actionable insights.”

FloQast is among the few organizations worldwide to achieve ISO 42001 certification, reinforcing its commitment to AI security, accuracy, and governance. To further support AI adoption, FloQast offers certification courses through FloQademy, equipping professionals with the skills to maximize AI-driven automation confidently.

FloQast Transform: A Game-Changer for Accounting Automation

At the core of this innovation is FloQast Transform, a powerful new product that serves as a central hub for users to create, test, and manage AI Agents. This platform empowers accountants to build customized automation solutions tailored to their unique workflows, eliminating the need to rely solely on vendor-built software or IT support.

Edwine Alphonse, Senior Controller at Ramp, emphasized the impact of AI on the accounting profession: “Accountants who embrace AI will be more effective and valuable. Those who don’t risk being left behind. FloQast aligns seamlessly with accountants’ workflows, ensuring they harness AI for better outcomes.”

AI Authority Trend: Rossum Launches Specialist AI Agents to Automate Enterprise Paperwork

The launch of FloQast AI Agents and FloQast Transform builds on the company’s Accounting Transformation Platform, which includes Close Optimization, Close Automation, Connected Compliance, and Integrated Record-to-Report solutions.

FAQs

1. How do FloQast AI Agents improve accounting workflows?

FloQast AI Agents automate repetitive accounting tasks, such as journal entries and data transformation, allowing accountants to focus on strategic decision-making instead of manual processes.

2. Is FloQast AI secure and compliant?

Yes, FloQast AI meets the highest security standards, including ISO 42001 certification, ensuring transparent, ethical, and auditable AI-driven processes.

3. Can companies customize AI Agents to fit their needs?

Absolutely! With FloQast Transform, companies can create custom AI Agents tailored to their specific workflows, improving efficiency and scalability across accounting functions.

FloQast continues to drive the future of accounting by integrating AI into financial processes, enabling organizations to work smarter and achieve greater efficiency.

AI Authority Trend: AWS Enhances Amazon Bedrock with AI Safeguard, New Agent, and Model Customization

To share your insights, please write to us at sudipto@intentamplify.com