AI accounting for enterprise finance teams
Finto - AI Accounting for Enterprises
https://www.youtube.com/watch?v=otqOvfepgKQ
TL;DR
Finto builds an AI accounting software for enterprise finance teams. We automate the invoice-to-pay process from their email inbox to their ERP including invoice handling, supplier communication, 3-way matching, and ERP data entry.
Problem
Enterprises with complex vendor supply chains produce vast amounts of incoming vendor invoices each year. A typical mid-market enterprise processes ~100k incoming invoices yearly, and today’s legacy tools force accountants to top out at a fraction of the volume: Real manual grunt work still remains:
- Handling hundreds of mails and documents a day
- Key-stroking invoice data to the ERP
- Manual invoices checks and account coding
- Manual managing deviations with purchase orders
- Chasing approvals
That’s why enterprises still staff large accounting teams - or ship the work to shared-service centers. Our mission is to free the world’s finance teams from repetitive, low-value tasks so they can focus on impactful work. That starts with building a place where everyone can do their best work.
Solution
We build a platform embedding AI agents to automate the end-to-end invoice-to-pay cycle:
- Classify inbox documents (invoice, receipts, reminder)
- Read invoices at 99%+ accuracy - even on line item level
- Check on vendor, tax, bank, and compliance data
- Email vendors automatically if something’s off
- Understand & code ledger, cost-center or project numbers
- Three-Way-Match invoice orders with POs and GRs
- Collect & chase required approvals
- Post to ERP
Team
We combine deep domain expertise in enterprise workflow automation.
Lorenz and Jonas worked together for 4+ years at TradeLink (European Logistics-SaaS backed by Point Nine, Insight Partners), accompanying the path from 0 to product-market fit. Lorenz led Product; Jonas led Go-to-Market. Both quit their leadership roles to found Finto.
Knowing each other from the Munich startup scene, Linus joined as Co-Founder & CTO. He was previously an early tech lead at Tacto (Procurement-SaaS backed by Sequoia, Index), helping scale it from pre-seed to one of Europe’s largest Series A rounds in mid-market SaaS.
CTA
You’re interested in our product? Book your demo here.
If you know a CFO or accounting leader, we are eager to help them make their process more efficient - please reach out: jonasm@finto.de
How did your company get started? (i.e., How did the founders meet? How did you come up with the idea? How did you decide to be a founder?)
We all combine deep domain expertise in mid-market and enterprise workflow automation.
Lorenz and Jonas worked together for 4+ years at TradeLink (SCM-SaaS backed by Point Nine, Insight), accompanying the path from 0 to product-market fit. Lorenz led Product; Jonas led Go-to-Market. Both quit their leadership roles to found Finto.
Knowing each other from the Munich startup scene, Linus joined as Co-Founder & CTO. He was previously an early tech lead at Tacto (Procurement SaaS backed by Sequoia, Index), helping scale it from pre-seed to one of Europe’s largest Series A rounds in mid-market SaaS.
What is the core problem you are solving? Why is this a big problem? What made you decide to work on it?
Enterprises with complex vendor supply chains produce vast amounts of incoming vendor invoices each year. A typical mid-market enterprise processes ~100k incoming invoices yearly, and today, an accountant tops out at ~10-20k invoices per year because the real grind is still manual:
- Key-stroking invoice data to the ERP
- Manual invoice review and compliance checks
- Manual managing deviations with purchase orders
- Manual allocate ledger accounts and cost center codes
- Chasing approvals. That’s why enterprises still staff large accounting teams - or ship the work to shared-service centers.
What is your long-term vision? If you truly succeed, what will be different about the world?
AI will write the final chapter of accounting software. What once required teams, training, and manual effort now happens in real-time - intelligently, autonomously, and at scale through agents.
Finto is our contribution to this future. As AI agents become capable of understanding context, learning from company-specific data, and executing complex workflows, entire job profiles will shift away from manual execution. With its predictable but intricate schemes, accounting is poised to be one of the first areas transformed.
Doubling down on our domain expertise, we are on a mission to take the manual out of accounting.
