FloQast Launches Auditable AI Agents for Accounting Teams

Accounting transformation platform, FloQast, recently announced the launch of FloQast AI Agents, an auditable AI solution enabling accountants to automate complex, recurring workflows across close management, compliance, and reporting functions with natural language and not extensive code.

Out-of-the-box, templated, and custom agent capabilities built for accounting needs

This new technology will bring all-new capabilities to the accounting and finance space. It will allow accountants to use out-of-the-box agents, leverage templated agents, or custom-create their own AI agents to ensure workflows are purpose-built and tailored to their unique ways of working and organizational goals.

These auditable AI agents are a first-to-market capability that empowers users to do more with less, evolve from preparers into reviewers, and focus on strategic initiatives while AI handles repetitive, time-consuming tasks.

FloQast cites these AI agents as “one of the most significant product innovations in the company’s history.”

To start, the organization is launching three AI agents:

1. Journal Entry Agent: This agent will automate the creation of journal entries, such as Coupa Accruals, and the creation and posting of accrual entries from Coupa data.
2. Data Transformation Agent: This tool standardizes unstructured data using natural language, not extensive code, allowing accounting teams to automate work preparation related to key tasks, reconciliations, compliance, or reporting activities.
3. Custom Agent: This AI agent will enable customers to create their own agents to automate workflows of their choice.

“The accounting profession is under more pressure than ever– shrinking talent pools, heavier workloads, and growing demands for strategic insights,” said Mike Whitemire, CEO of FloQast, CPA. “FloQast AI Agents put accountants in the driver’s seat, shifting them from preparers to reviewers with AI automation built for their processes– fully auditable and designed for trust. And, as CFOs struggle to fill open roles on their teams, FloQast agents are poised to be an invaluable resource to help plug that gap and help teams work smarter, stay in control, and deliver the insights that move businesses forward.”

The organization will expand its offerings to include seven distinct categories of AI agents, including data transformation, journal entry, tasks, reconciliations, financial insights, compliance, and custom agents. By expanding their offerings, these AI agents will ensure that accounting teams can automate workflows across every aspect of their operations, from routine tasks to complex, organization-specific processes.

FloQast is a platform that was created by accountants for accountants and has obtained ISO 42001 certification, reinforcing its commitment to security, accuracy, and governance across AI-powered workflows. To support adoption, FloQast also offers certification courses through FloQademy, which equips users to maximize AI-powered automation with confidence.

FloQast Transform solution comes to the wider platform

The accounting platform said that this advancement is partly due to the FloQast Transform solution, a new product within FloQast’s Accounting Transformation Platform.

The product serves as a centralized hub where customers can easily create, test, deploy, and manage FloQast AI Agents.

Introduced in September 2024, FloQast’s Accounting Transformation Platform incorporates the entire FloQast solution portfolio, including FloQast Close, FloQast Compliance Management, and FloQast Ops.

It reveals new AI workflows that deliver value throughout every step of the accounting journey, including optimizing and automating the close, connecting compliance, and integrating record-to-report.

By integrating AI, the Accounting Transformation Platform gives organizations and accounting teams a competitive advantage and drives new efficiencies and actionable insights for more decisive decision-making.

“We’re launching the FloQast Accounting Transformation Platform at a time when the accounting profession faces unprecedented challenges,” Whitemire said at the launch. “With the number of practicing CPA’s declining and fewer new professionals entering the field, the pressure on accounting leaders to do more with less has never been greater. This platform is designed to meet that reality head-on, using the power of AI to create solutions, but also enhance the strategic value of accounting teams within their organizations. In today’s landscape, the ability to drive operational excellence isn’t just a competitive advantage– it’s essential for future business success.”

The platform features three solutions: FloQast Journal Entry Management, FloQast AI Transaction Matchings, and FloQast Consolidation, as well as FloHub– a centralized hub for third-party applications.

As more organizations introduce AI agents, systems to manage them are growing at a commensurate rate. Read more about Workday’s new Agent System of Record, which enables agentic AI use.