Intuit announced the release of new proactive AI agents for its Intuit Enterprise Suite, in addition to enhanced automation, business intelligence, and financial management capabilities.
The new AI agents—generally thought of as semi-autonomous bots that can independently perform certain tasks—are intended to act as partners that automate tedious work and provide data-driven insights. The suite already included:
- Finance Agent: Provides reporting, KPI analysis, and scenario planning and forecasting based on performance and peer benchmarking.
- Accounting Agent: Automates bookkeeping and transaction categorization, and assists in reconciliation.
- Payments Agent: Optimizes and grows cash flow by automating and streamlining payment collections with tailored acceleration strategies that predict late payments, automate invoice tracking, and create and send invoices and reminders.
It now also comes with Project Management Agent, which automates projects from start to finish, creates estimates, sets up project details, plans, and tasks, and suggests profitability targets. It also builds project summaries and provides insights and recommendations to improve profitability for future projects.
This announcement comes only about a month after the company announced the introduction of AI agents to QuickBooks to help businesses and their accountants with tasks such as reconciling a business’s books, tracking payments, sending invoices, managing customer leads, reminding customers about overdue bills, and offering ways to help them make payments. QuickBooks now features an accounting agent that automates bookkeeping and transaction categorization, and helps with reconciliation of the books; a payments agent that predicts late payments, automates invoice tracking, and creates and sends invoices and reminders; and a finance agent that offers reporting, KPI analysis, scenario planning and forecasting based on performance and peer benchmarking.
Beyond the agents, Intuit said its enterprise suite also has enhanced intelligence tools to deliver deeper AI-powered insights. Users can now streamline financial report reviews with AI-powered insights on individual and consolidated P&L and Balance Sheet accounts, uncovering trends and anomalies that translate into actionable insights; see complex data clearly with multi-dimensional reporting and advanced FP&A, including robust three-way cash flow forecasting; and build a customized scorecard of key performance indicators using an exclusive library of more than 30 pre-defined KPIs across growth, profitability, cash flow, liquidity, and efficiency measures.
The Enterprise Suite has also received more general enhancements, especially for multi-entity tasks. New multi-entity reports and dashboards provide a comprehensive view of a business’s accounts payable, accounts receivable, vendor expenses, and transactions with new consolidated reports; the multi-entity hub gives users a holistic picture of intercompany debits and credits without having to navigate to each entity; the multi-entity reporting feature allows more granular control, customization, and deeper insights into consolidated financial data to easily assess key performance drivers; and shared dimensions and chart of accounts allows users to achieve consistent reporting protocols across entities more quickly by automatically standardizing chart of accounts and dimensions across entities, eliminating manual comparisons and updates.
“Mid-market companies are turning to Intuit Enterprise Suite to reduce the cost and complexity of growing their business,” said Ashley Still, executive vice president of Intuit Mid-Market. “This release further streamlines multi-entity financial management and gives customers proactive business intelligence. Through the power of AI, we’re giving businesses access to more accurate data, faster, so they can make more informed decisions and focus on driving growth.”
The new capabilities for Intuit Enterprise Suite are available now in the US.
