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On Wed, 2 Apr, 4:02 PM UTC
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Payhawk unveils 'AI Office of the CFO'
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. With its platform already managing companies' transactions, policies, workflows, and master data, Payhawk is uniquely positioned to build AI Agents that deliver practical value alongside the necessary controls. These new AI agents autonomously handle operational tasks with the same careful permissions as employees, enabling organisations to implement AI with confidence. While building its in-house agentic infrastructure, Payhawk has been leveraging early-access OpenAI models to refine its AI agent technology. The company is launching the suite with its Financial Controller Agent, which will take over the tedious tasks of chasing receipts, analysing expense documents, and spotting unusual spending patterns. This marks another milestone in Payhawk's journey to redefine financial operations, adding AI agents to its unified spend management platform. "Finance leaders know AI will have an impact on their operations, but until now, there hasn't been a clear and practical path forward," said Hristo Borisov, CEO of Payhawk. "We're not just adding AI features -- we're creating a new category of purpose-built agents that transform finance operations by autonomously completing critical, time-consuming tasks." The AI Office of the CFO suite introduces agents that elevate key functions: * The Financial Controller Agent eliminates the endless back-and-forth of expense reporting. Instead of managers chasing employees for missing receipts or checking expense reports line by line, the agent automatically collects documents, sends friendly reminders when something's missing, and flags any unusual purchases -- freeing up time for more valuable work. * The Procurement Agent turns complicated purchase requests into simple conversations. Employees just say what they need, and the agent guides them through company policies, gathers required approvals, and helps compare vendor options -- replacing days of emails and form-filling with a smooth, guided process. * The Travel Agent simplifies business travel by managing the entire process, from booking policy-compliant flights and hotels to capturing all related expenses. This eliminates manual coordination across departments or external agencies while ensuring compliance and complete documentation. * The Payments Agent handles employee inquiries about transactions, reimbursements, and supplier payments, providing answers and investigating issues -- tasks that previously took up the finance team's time unnecessarily. "What makes our approach unique is that we've built these AI agents on Payhawk's existing financial infrastructure," said Boyko Karadzov, CTO of Payhawk. "Our platform already handles global spend management through licensed payments, established approval workflows, granular spend controls, and system integrations -- the exact foundation needed for secure, effective AI implementation in finance. Our vision is to offer all the capabilities of our web and mobile apps through natural conversation with AI, enabling users to work with Payhawk however they prefer." The AI agents integrate seamlessly into Payhawk's enterprise-grade secure infrastructure using established permissions, workflows, and audit trails. Finance teams will maintain the same visibility and control they need while gaining AI's benefits. This security-first foundation uniquely positions Payhawk to deliver AI that meets finance's fundamental need for control.
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Payhawk unveils 'AI Office of the CFO' - Bringing enterprise-ready AI to finance operations
LONDON, April 2, 2025 /PRNewswire/ -- Payhawk, the leading spend management platform, today announced the launch of 'AI Office of the CFO,' a suite of specialised AI agents that solve finance's biggest AI challenge: drastically increasing finance teams' productivity while maintaining complete control over their operations. With its platform already managing companies' transactions, policies, workflows, and master data, Payhawk is uniquely positioned to build AI Agents that deliver practical value alongside the necessary controls. These new AI agents autonomously handle operational tasks with the same careful permissions as employees, enabling organisations to implement AI with confidence. While building its in-house agentic infrastructure, Payhawk has been leveraging early-access OpenAI models to refine its AI agent technology. The company is launching the suite with its Financial Controller Agent, which will take over the tedious tasks of chasing receipts, analysing expense documents, and spotting unusual spending patterns. This marks another milestone in Payhawk's journey to redefine financial operations, adding AI agents to its unified spend management platform. "Finance leaders know AI will have an impact on their operations, but until now, there hasn't been a clear and practical path forward," said Hristo Borisov, CEO of Payhawk. "We're not just adding AI features -- we're creating a new category of purpose-built agents that transform finance operations by autonomously completing critical, time-consuming tasks." The AI Office of the CFO suite introduces agents that elevate key functions: The Financial Controller Agent eliminates the endless back-and-forth of expense reporting. Instead of managers chasing employees for missing receipts or checking expense reports line by line, the agent automatically collects documents, sends friendly reminders when something's missing, and flags any unusual purchases -- freeing up time for more valuable work.The Procurement Agent turns complicated purchase requests into simple conversations. Employees just say what they need, and the agent guides them through company policies, gathers required approvals, and helps compare vendor options -- replacing days of emails and form-filling with a smooth, guided process.The Travel Agent simplifies business travel by managing the entire process, from booking policy-compliant flights and hotels to capturing all related expenses. This eliminates manual coordination across departments or external agencies while ensuring compliance and complete documentation.The Payments Agent handles employee inquiries about transactions, reimbursements, and supplier payments, providing answers and investigating issues -- tasks that previously took up the finance team's time unnecessarily. "What makes our approach unique is that we've built these AI agents on Payhawk's existing financial infrastructure," said Boyko Karadzov, CTO of Payhawk. "Our platform already handles global spend management through licensed payments, established approval workflows, granular spend controls, and system integrations -- the exact foundation needed for secure, effective AI implementation in finance. Our vision is to offer all the capabilities of our web and mobile apps through natural conversation with AI, enabling users to work with Payhawk however they prefer." The AI agents integrate seamlessly into Payhawk's enterprise-grade secure infrastructure using established permissions, workflows, and audit trails. Finance teams will maintain the same visibility and control they need while gaining AI's benefits. This security-first foundation uniquely positions Payhawk to deliver AI that meets finance's fundamental need for control. For more information visit: http://payhawk.com/platform/ai-agents?utm_medium=organic&utm_source=pr&utm_campaign=en-uk_lp_spring25 ABOUT PAYHAWK Payhawk is a leading spend management platform that's transforming how global businesses handle company spending. By combining corporate cards with extensive proactive controls, employee expenses, accounts payable, and procure to pay processes in a single solution, Payhawk eliminates manual processes that slow companies down. Headquartered in London, with offices across Europe and New York, Payhawk is trusted by finance teams worldwide. Media contact : CCGroup, a Hoffman Agency for Payhawk payhawk@ccgrouppr.com Photo: https://mma.prnewswire.com/media/2655251/AI_Office_of_the_CFO.jpg Logo: https://mma.prnewswire.com/media/2655250/Payhawk_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/payhawk-unveils-ai-office-of-the-cfo---bringing-enterprise-ready-ai-to-finance-operations-302417941.html SOURCE Payhawk Market News and Data brought to you by Benzinga APIs
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Payhawk introduces a suite of AI agents designed to automate and streamline financial tasks, aiming to boost productivity while maintaining control in finance departments.
Payhawk, a leading spend management platform, has announced the launch of its 'AI Office of the CFO' suite, a groundbreaking collection of specialized AI agents designed to revolutionize finance operations. This innovative solution aims to address the growing need for AI implementation in finance while maintaining strict control and security measures 12.
The 'AI Office of the CFO' suite introduces several purpose-built AI agents, each tailored to handle specific financial functions:
Financial Controller Agent: Automates expense reporting by collecting documents, sending reminders for missing receipts, and flagging unusual purchases 1.
Procurement Agent: Simplifies purchase requests through conversational AI, guiding employees through company policies and approval processes 2.
Travel Agent: Manages the entire business travel process, from booking policy-compliant accommodations to capturing related expenses 1.
Payments Agent: Handles inquiries about transactions, reimbursements, and supplier payments, freeing up finance team resources 2.
Payhawk's approach stands out due to its integration with existing financial infrastructure. Hristo Borisov, CEO of Payhawk, emphasizes, "We're not just adding AI features -- we're creating a new category of purpose-built agents that transform finance operations by autonomously completing critical, time-consuming tasks" 1.
The AI agents are built on Payhawk's established platform, which already manages transactions, policies, workflows, and master data. This foundation enables the company to deliver practical AI solutions with necessary controls, addressing a key challenge in finance AI adoption 2.
Boyko Karadzov, CTO of Payhawk, highlights the security-first approach: "Our platform already handles global spend management through licensed payments, established approval workflows, granular spend controls, and system integrations -- the exact foundation needed for secure, effective AI implementation in finance" 1.
The AI agents seamlessly integrate into Payhawk's enterprise-grade secure infrastructure, utilizing existing permissions, workflows, and audit trails. This ensures that finance teams maintain visibility and control while benefiting from AI-driven efficiency 2.
Payhawk's vision extends beyond the current suite of AI agents. The company aims to offer all the capabilities of its web and mobile apps through natural conversation with AI, enabling users to interact with Payhawk in their preferred manner 1.
As finance leaders seek practical ways to implement AI in their operations, Payhawk's 'AI Office of the CFO' presents a clear path forward, combining the power of AI with the necessary controls and security measures required in financial management 2.
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