Introducing your QuickBooks Online AI Finance Agent: Revolutionizing Business Financial Strategy

In today's dynamic business landscape, effective financial management is crucial for sustainable growth and strategic success. Meet your Finance Agent, a tool designed to revolutionize how CFOs and finance teams manage their financial world.

So what exactly is the Finance Agent? Think of this agent as having an expert by your side, helping you with both your big-picture financial strategy and making sure your day-to-day operations run smoothly and efficiently.

What can the agent do for me? It will work with the CFOs and Finance teams in formulating business strategy, and will help businesses deliver on the financial plans by continuous performance optimization. In your financial summary you’ll see opportunities and potential risks. Your agent provides insights into business finances, key highlights, and detailed breakdowns of your financial data. You can interact with your Finance Agent in your business feed or on your reports page. Simply select Review summary to get started. 

Key functions and benefits

Available to all QuickBooks Online Advanced Users: 

• Finance Performance Summary : Profit and Loss , Balance Sheet, Cash Flow, Data drill down Q&A, Risk/Anomaly Identification
• Measure Against What Matters: How are you really doing? The agent helps you see your performance against peer benchmarks, your own defined goals, or your budgets, giving you valuable context.
• Data backed Decisions (Reactive, proactive): Suggest actionable insights to get business on track for at risk metrics or goals. 
• Data backed Decisions: Help CFOs with granular performance insights and real-time query resolution via an assisted chat panel, including task creation support.
• Turn Insights into Action: Once insights are identified, the agent helps you assign actions to your team members.
• Keep Things on Track: Monitor task completion using reminders and feeds

The Finance Agent is your ultimate financial partner, ready to transform your financial operations and empower you to make smarter, data-driven decisions with confidence.

Q&A

1. How does the AI Finance Agent assist with invoicing and getting paid?

It can automate the creation of invoices from notes or documents, generate personalized invoice reminders, and even suggest payment methods most likely to get you paid faster. It can also detect overdue invoices and draft follow-up communications.

2. How much control do I have over the actions the AI Finance Agent takes? While the AI Finance Agent automates tasks, you will always maintain control. For example, when it drafts an invoice reminder, you'll typically have a simple display to review and approve it before it's sent on your behalf. The goal is to preserve customer control for decision-making.
3. What if the AI makes a mistake? How do I correct it? While AI aims to reduce errors, it's not foolproof. QuickBooks Online will provide clear ways to review and edit any actions or categorizations made by the AI. It's recommended to continue reviewing your financial data, especially initially, to ensure accuracy. If persistent issues arise, QuickBooks support would be the next step.