Nance is an AI‑powered finance assistant that connects to a company’s ERP, email and file systems to automate invoice processing, reconciliation and financial reporting on a continuous schedule. It runs 24/7, posting matched invoices directly to the ERP and generating up‑to‑date cash reports, while logging audit‑ready reasoning for every action, so finance teams only intervene when needed.
Funding
Funding not disclosed
Founders
Product
Problem
Finance teams spend extensive time on repetitive tasks such as invoice capture, matching, reconciliation, and manual cash‑flow reporting, often juggling multiple disconnected systems and risking errors or delayed insights.
Solution
Nance is an AI‑driven finance assistant that connects directly to a company’s existing ERP, email inbox, and file storage to automate invoice processing, reconciliation, and periodic reporting on a continuous schedule. The platform extracts data from emails and documents, matches transactions to purchase orders or bank feeds, and posts them back to the ERP while logging an audit‑ready reasoning trail within the client’s own systems. It also generates up‑to‑date receivable/payable dashboards and cash‑flow forecasts, and proactively triggers alerts or follow‑up workflows when patterns such as overdue payments are detected. Users only intervene when exceptions arise, allowing finance staff to focus on analysis and decision‑making rather than data entry.
Target Audience
Primary customers are finance departments of SMBs and mid‑market enterprises that use ERP systems such as Xero, QuickBooks, Exact Online, or Twinfield and need to automate routine bookkeeping, reporting, and cash‑flow management.
Features
- Native connectors to major ERPs, email platforms, cloud storage, and payment gateways for seamless data ingestion without migration
- End‑to‑end AI workflow that captures invoices, extracts line items, matches to PO/Bank data, and posts transactions automatically
- Deterministic, rule‑based processing with minimal LLM dependency after an initial discovery phase for predictable outcomes
- Real‑time audit trail stored in the client’s system, including reasoning, data sources, and rule identifiers for compliance
- Proactive monitoring that detects anomalies (e.g., overdue debtors) and initiates reminder or approval workflows
- Continuous cash‑flow dashboards and 13‑week forecasts that update automatically and are reviewed before posting
- Dry‑run preview of all proposed ledger changes, requiring explicit user approval for high‑risk actions
- GDPR‑compliant encryption, EU hosting, and ISO‑27001‑in‑progress security certifications