Quid provides AI-native automation for finance back-office workflows using specialized AI agents. The platform automates accounts payable, invoice processing, approval routing, and vendor document intelligence. This allows finance teams to focus only on exceptions while core processes run autonomously.
Funding
$105.2K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Manual data entry and fragmented workflows in accounts payable and accounts receivable processes consume significant finance team resources. This manual effort leads to inefficiencies, increased error rates, and delays in financial operations.
Solution
Quid deploys AI agents that automate end-to-end accounts payable and accounts receivable workflows directly within existing accounting ERP systems. These agents are designed to extract, categorize, and book invoices from various sources, including email and payment platforms like Stripe, into platforms such as DATEV and Lexoffice. By automating repetitive data entry tasks and enabling conversational interaction with financial data, Quid empowers finance teams to reduce processing times and enhance operational efficiency. The platform integrates seamlessly with current tools, allowing for a more streamlined and controlled financial operation.
Target Audience
The primary target audience includes finance teams and accounting departments within businesses that utilize ERP systems for managing their accounts payable and accounts receivable processes.
Features
- AI agents for automated end-to-end AP/AR workflow automation.
- Direct invoice extraction, categorization, and booking from email and payment platforms (e.g., Stripe).
- Integration with leading accounting ERP systems, including DATEV and Lexoffice.
- Conversational interface for querying and interacting with invoice data.
- Reduction of manual data entry by up to 90% for invoice processing.
- Agentic workflows that operate within existing accounting tools.