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Concourse is building AI to automate financial tasks
Concourse, a company building AI-powered automation tools for finance, has emerged from stealth with funding from Andreessen Horowitz.
According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Called Concourse, the platform connects to a businesses’ financial systems to let finance teams retrieve and analyze data, generate charts, and ask ad-hoc questions such as “What’s our non-GAAP revenue?” “We raised money to hire more engineers, build out more workflows that our AI can take on, increase coverage on data integrations, and start to scale our go-to-market function,” he said.
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