Finance leaders are dealing with reconciliations, slow closes, and data management challenges. Maximor, a startup, received $9 million in funding to expand its AI platform for finance teams. Maximor’s platform automates repetitive accounting work and produces audit-ready outputs, connecting to various systems. The company aims to help finance leaders achieve cleaner audits and faster closes. Maximor plans to deepen automation of accounting flows and provide industry-specific modules. The startup focuses on customer outcomes and aims to shift finance teams from reactive reporting to proactive planning. Gartner predicts a rise in agentic AI in enterprise software applications by 2028.

Read more at Yahoo Finance: Perplexity CEO Aravind Srinivas Backs $9M AI Startup That Cuts Finance Grunt Work By 40% And Slashes Month-End Close In Half