Concourse

Concourse

软件开发

New York,New York 762 位关注者

AI Agents for corporate finance teams

关于我们

Concourse is building the first AI Analyst for corporate finance teams. Concourse works alongside finance teams to assist in day-to-day operations by taking on the most manual work and proactively surfacing insights. Core to the platform is an AI analyst tailor-built for finance teams that is available at any hour of the day, accessible via natural language, and built with full connectivity to a company’s existing financial systems. It enables team members to more effectively retrieve and analyze data, generate charts and reports, and answer ad-hoc questions. Concourse AI agents can also be deployed into more complex finance workflows to take on discrete projects for you. Stop doing finance manually and let Concourse do the work for you.

网站
www.concourse.co
所属行业
软件开发
规模
2-10 人
总部
New York,New York
类型
私人持股
创立
2023

地点

Concourse员工

动态

  • Concourse转发了

    查看Concourse的公司主页,图片

    762 位关注者

    What does financial reporting mean for your company? Discover the future of how financial reports and insights can now be generated by an AI agent. For most finance teams, reporting is something they HAVE to do, not something they WANT to do. This common sentiment reflects a broader challenge in financial reporting today. CFOs and finance teams are often bogged down by manual processes, repetitive tasks, and mountains of data that need to be synthesized into reports. But the truth is, effective financial reporting is more important than ever—and it’s evolving fast with the impact of AI. ? Why is Financial Reporting so Critical? A recent Deloitte survey found that 73% of CFOs believe finance is now a strategic partner to the business, with more than half (56%) saying that data-driven insights are central to their decision-making. But here’s the catch: reporting isn’t just about tracking numbers anymore; it’s about understanding the “why” behind those numbers. Finance leaders are being asked to not only provide the data but to interpret it, predict trends, and explain the underlying causes of financial fluctuations. Yet, many finance teams still spend the majority of their time compiling and formatting data instead of providing these critical insights. ?? The Current Landscape of Financial Reporting Manual Reporting Still Dominates: 53% of CFOs still rely on spreadsheets for financial reporting, according to a PwC study. This manual, time-consuming process takes up valuable resources and often leads to delayed or inaccurate insights. Time-Consuming Process: A KPMG survey revealed that 45% of CFOs say reporting takes up more than a third of their workweek. This leaves little room for CFOs to focus on strategy, growth, or innovation—areas where their leadership is needed most. The Need for Better Insights: In a world driven by data, understanding why financial performance changed is more valuable than simply noting that it did. Yet, according to McKinsey & Company, only 25% of finance teams feel they can provide real-time, actionable insights to the business. That gap is a critical pain point for many CFOs. ?? The Future of Financial Reporting The future of financial reporting isn’t just about month-over-month differences or comparing actuals to budget. It’s about understanding the underlying reasons behind the numbers. This is where AI Agents are starting to have an impact today. Concourse leverages advanced AI to automate financial reporting—from data gathering, to analyzing, to formatting and writing the report—allowing CFOs to move from close to insightful analysis within minutes. Out AI not only calculates key metrics but also generates natural language insights, explaining the reasons behind any fluctuations, anomalies, or trends. The future of finance reporting is here—and it’s smarter, faster, and more insightful. See Concourse in action below:

  • 查看Concourse的公司主页,图片

    762 位关注者

    What does financial reporting mean for your company? Discover the future of how financial reports and insights can now be generated by an AI agent. For most finance teams, reporting is something they HAVE to do, not something they WANT to do. This common sentiment reflects a broader challenge in financial reporting today. CFOs and finance teams are often bogged down by manual processes, repetitive tasks, and mountains of data that need to be synthesized into reports. But the truth is, effective financial reporting is more important than ever—and it’s evolving fast with the impact of AI. ? Why is Financial Reporting so Critical? A recent Deloitte survey found that 73% of CFOs believe finance is now a strategic partner to the business, with more than half (56%) saying that data-driven insights are central to their decision-making. But here’s the catch: reporting isn’t just about tracking numbers anymore; it’s about understanding the “why” behind those numbers. Finance leaders are being asked to not only provide the data but to interpret it, predict trends, and explain the underlying causes of financial fluctuations. Yet, many finance teams still spend the majority of their time compiling and formatting data instead of providing these critical insights. ?? The Current Landscape of Financial Reporting Manual Reporting Still Dominates: 53% of CFOs still rely on spreadsheets for financial reporting, according to a PwC study. This manual, time-consuming process takes up valuable resources and often leads to delayed or inaccurate insights. Time-Consuming Process: A KPMG survey revealed that 45% of CFOs say reporting takes up more than a third of their workweek. This leaves little room for CFOs to focus on strategy, growth, or innovation—areas where their leadership is needed most. The Need for Better Insights: In a world driven by data, understanding why financial performance changed is more valuable than simply noting that it did. Yet, according to McKinsey & Company, only 25% of finance teams feel they can provide real-time, actionable insights to the business. That gap is a critical pain point for many CFOs. ?? The Future of Financial Reporting The future of financial reporting isn’t just about month-over-month differences or comparing actuals to budget. It’s about understanding the underlying reasons behind the numbers. This is where AI Agents are starting to have an impact today. Concourse leverages advanced AI to automate financial reporting—from data gathering, to analyzing, to formatting and writing the report—allowing CFOs to move from close to insightful analysis within minutes. Out AI not only calculates key metrics but also generates natural language insights, explaining the reasons behind any fluctuations, anomalies, or trends. The future of finance reporting is here—and it’s smarter, faster, and more insightful. See Concourse in action below:

  • 查看Concourse的公司主页,图片

    762 位关注者

    Concourse followed-up our official launch at #AFP2024 in Nashville to be with over 6k+ finance professionals. Our founders Matthieu Hafemeister and Ted Michaels covered the conference and met with 100s of finance leaders and professionals. Some highlights + insights below: We were honored to host an official session on the real world applications of AI & finance and share the stage with finance leaders within the tech & startup community: Erik Zhou Chief Accounting Officer at Brex, Grant Connealy VP of Finance from Persona, and Ryan Pack VP of Finance from Alto. They each shared actionable steps they have taken to implement AI within their teams across accounting, reporting, and analysis workflows and shared the impact they are already seeing. Some of our main takeaways from conversations and the session: Finance as early adopters of AI ?: We talked with many larger corporate finance teams who were slow to adopt the cloud and SaaS but with AI it feels very different. Everyone is aware of what AI can do and most finance teams are actively looking for ways to leverage and implement AI into their work today. This shift feels much faster than other technological changes where only tech companies were early adopters. The interest from varying finance teams is more pointed than anything we've seen before. Finance teams understand the impact and possibilities of AI and don't want to miss out. Doing more with less ??: Finance teams are facing an interesting transition within internal organizational structure. Finance teams are being told across the board that they must do more with less. This means less headcount is being made available and teams are stretching current finance teams to be more performant while continuing to grow and scale the business. At the same time, finance teams are being tasked with more responsibilities. Some examples are that we're seeing is finance being more responsible with deal desks, revOps, and even legal which means their bandwidths are even more constrained. Removing manual and time consuming work is more important than ever to continue performing under this new normal and AI agents present an interesting option. Real AI vs. Fake AI ??: Most finance teams are already using ChatGPT and other non-finance specific tools to help them with their work. But most have not yet found applicable finance AI tools and platforms to implement. While they haven't found the right tools, it's not from a lack of not looking + being pitch from companies claiming "AI-powered" software. Sophisticated finance leaders can see past this and there is a real ability to evaluate and understand where AI is being applied and where it's just marketing. If any of the above resonated and you're interested in chatting about AI and finance workflows please reach out at [email protected] or visit or website at www.concourse.co. We're so excited about the future of finance ??

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  • 查看Concourse的公司主页,图片

    762 位关注者

    Welcome Nitya Kasturi to the Concourse team ?? We're so excited to have you join us! Nitya's experience building products scaling FB Reels at Meta and deep data engineering and ML work Scale AI were a perfect match for our growth plans and product roadmap. She's already made a massive impact and we could not be happier to have her join the team! We're continuing to hire at Concourse for engineers in New York who are excited about AI and LLMs and building products that will completely change the way companies do finance. If you're interested in Gen AI and finance please check out open roles at www.concourse.co/careers or drop us a note!

    查看Nitya Kasturi的档案,图片

    Founding Engineer @ Concourse

    I’m happy to share that I’m starting a new position as Founding Engineer at Concourse!

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  • 查看Concourse的公司主页,图片

    762 位关注者

    Please come find the Concourse team & co-founders in Nashville next week for Association for Financial Professionals (AFP 2024) from October 20th - 23rd 2024. We have a lot in store as we follow our launch into the AFP 2024 Conference: Matthieu Hafemeister will be leading a panel discussion on the Real World Applications of AI in Finance with Erik Zhou, Chief Accounting Officer at Brex, Grant Connealy, VP of Finance at Persona, and Ryan Pack, VP of Finance at Alto. We'll be discussing how these finance leaders & teams are already leveraging AI to change the way their finance functions operate across accounting, reporting, and insight generation. Come join us Monday at 8:30 am CST in Room 103 ABC. We're also co-hosting a Future of Finance Soirée with Brex that evening on broadway in downtown Nashville and bringing together finance, technology, and AI leaders to continue the conversation & networking. Please RSVP here -- spots are limited: https://lnkd.in/eJGhciiv Finally, come find Concourse at Booth 202 at AFP to discover and demo Concourse AI Agents. We'll have some official limited launch swag, activities, and prizes. We'd love to learn more about your finance workflows and priorities! Drop by!

    Future of Finance Soirée: Hosted by Brex & Concourse · Luma

    Future of Finance Soirée: Hosted by Brex & Concourse · Luma

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