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What is Maxima?

Maxima is a cutting-edge AI-powered platform that aims to transform accounting and financial close automation by tackling the most repetitive and error-prone tasks involved in the record-to-report process, including the creation of journal entries, reconciliations, transaction matching, variance analysis, and the overall closing operations, all while maintaining necessary human oversight and complying with regulations such as SOX. The platform's intelligent AI agents extract data from multiple systems, constructing a comprehensive financial framework through an Enterprise Finance Graph, which facilitates the generation of logic-driven journal entries on a large scale and guarantees real-time validation of the general ledger's accuracy, alongside providing extensive evidence and audit trails, enabling accounting teams to dedicate more time to review processes instead of manual task preparation. Maxima's seamless integration with existing ERP systems allows for the automatic posting of entries and the consolidation of various tasks, reconciliations, and reporting into a single platform, which significantly accelerates the closing process—reducing the required time by several days—and eliminates monotonous tasks, achieving a level of automation that greatly enhances efficiency in financial operations. This revolutionary method not only allows financial teams to operate more intelligently but also frees up their time for more strategic endeavors, ultimately leading to improved decision-making within organizations. With Maxima, companies can expect a remarkable shift in how they handle their financial processes, paving the way for innovation and better resource allocation.

What is Accrual?

Accrual represents an innovative automation platform tailored for tax and professional accounting firms, especially those managing substantial tax return preparations and reviews. It employs advanced AI agents that mimic the role of a preparer, efficiently gathering and organizing client data from various sources such as K-1s, 1099s, spreadsheets, emails, and comprehensive financial statements. These intelligent agents not only identify any missing details but also formulate targeted follow-up questions and draft tax returns ready for professional review, all within an integrated system that avoids the pitfalls of fragmented tools. This AI-enhanced structure meticulously organizes data as it is gathered, allowing the preparation, review, and client advisory processes to build on each other, thus eliminating the necessity for repetitive manual tasks. Consequently, firms realize a remarkable decrease in the time dedicated to both preparation and review, all while ensuring the accuracy, controls, and auditability that are crucial to the accounting field. Additionally, by streamlining workflows, Accrual enables firms to adapt swiftly to the fast-paced changes in the financial sector, ultimately enhancing their effectiveness and the quality of service provided to clients. The platform not only fosters greater efficiency but also positions accounting firms to thrive in an increasingly competitive market.

Media

Media

Integrations Supported

ADP DataCloud
Charles Schwab
Google Drive
Google Sheets
Microsoft OneDrive
NetSuite
Oracle Fusion Cloud ERP
SAP Cloud Platform
Salesforce
Silicon Valley Bank (SVB)
Snowflake
Stripe
Workday HCM

Integrations Supported

ADP DataCloud
Charles Schwab
Google Drive
Google Sheets
Microsoft OneDrive
NetSuite
Oracle Fusion Cloud ERP
SAP Cloud Platform
Salesforce
Silicon Valley Bank (SVB)
Snowflake
Stripe
Workday HCM

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Maxima

Date Founded

2024

Company Location

United States

Company Website

www.maxima.ai/

Company Facts

Organization Name

Accrual

Date Founded

2024

Company Location

United States

Company Website

accrual.com

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