Maximor, a startup founded by former Microsoft executives, aims to revolutionize financial processes by replacing Excel with AI agents designed for finance teams. Despite significant investments in financial software, many companies still depend on Excel for reconciling numbers and preparing for audits. Maximor’s AI actively connects to ERP, CRM, and billing systems, continuously pulling transactions to streamline operations and provide real-time financial visibility, thus reducing month-end closing times significantly. For instance, Rently, an early client, reduced its closing period from eight days to four, allowing its finance team to focus on strategic initiatives. Maximor’s agents seamlessly integrate with existing tools like QuickBooks and NetSuite, generating essential documentation for audits. The platform offers a human-in-the-loop option, ensuring reliability while automating processes. With an initial $9 million seed funding and a focus on mid-sized enterprises, Maximor supports both GAAP and IFRS standards, positioning itself as a transformative force in corporate finance.
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