October 2024

Introducing Concourse

AI analysts
for finance teams

Today we’re excited to officially launch Concourse – the first AI analyst that autonomously performs tasks and proactively surface insights for corporate finance teams.

Concourse works alongside finance teams to assist in day-to-day operations by taking on the most manual and time consuming work. Concourse is built with the ability to reason through tasks, develop plans, and independently do work finance teams would otherwise have to do manually. With Concourse, finance teams are able to focus more on strategic priorities and spend time taking action instead of wrangling data and manipulating spreadsheets.

We’re also excited to announce $4.7M in Seed funding co-led by Andreessen Horowitz & CRV with participation from Y Combinator, Box Group as well as executives from companies like Deel, Brex, Rippling, and many more.

Connect, chat, and work with your financial data.

Concourse offers companies a different way of interacting with their financial data and a completely new way to work.

Core to the platform is an AI analyst tailor-built for finance teams that is available at any hour of the day, accessible via natural language, and built with full connectivity to a company’s existing financial systems. It enables team members to more effectively retrieve and analyze data, generate charts and reports, and answer ad-hoc questions.

Concourse can also be deployed into more complex finance workflows to take on discrete projects directly for teams. Concoure’s AI analyst has the ability to execute complex, multi-step operations and perform sophisticated mathematical calculations to create outputs that can immediately be used by the team.

Below are some examples of Concourse’s capability:

Finance is evolving. Let Concourse do the work for you

At Concourse we believe that software is going through a foundational transition in the way that it is being built, bought, and deployed within the enterprise.

The advances in generative AI and large language models have created a world where software can now reason through problems, develop potential solutions, and directly execute tasks. This creates the opportunity for companies to work with (or hire) AI agents as functional team members that materially impact performance.

AI agents enable teams to move faster, increase capacity, and create efficiencies by distributing work to the individual best suited to the job, human or agent. Employees can offload the most manual, error prone, and time consuming tasks to AI agents and focus their time on more impactful work. The value of software will now be measured in terms of increased output instead of employee productivity gains. Teams who fully embrace this shift will win.

We believe that finance is the single most interesting vertical for the application of AI agents. Finance teams are essential to scaling and have immense impact on every major decision at successful companies. Yet, finance teams across companies of all sizes are bogged down by manual workflows and data manipulation, reducing their potential strategic impact.

The status quo for finance is hundreds of point solutions that are cobbled together within the finance department. Excel continues to be the lowest common denominator across systems and data which limits the promise of automation within finance. No solution has yet to provide the leverage to change this dynamic.

Concourse’s AI analyst can, for the first time, change the way finance teams interact with their data and fully eliminate their most painful and repetitive workflows.

About Concourse.

Concourse is built by industry experts – we’ve seen, managed, and scaled finance functions at many companies including unicorn startups and intimately understand the workflows and priorities finance teams face. We’ve done the painful work, the manual data manipulation, and the long nights of detailed analyses. We also deeply understand AI and LLMs and are obsessed with bringing AI agents to life within the enterprise. We’re passionate about changing the status quo and helping finance teams improve the way they work.

Concourse is currently operating in closed beta with a select number of companies. If you are interested in working with Concourse, join our waitlist or email us at hello@concourse.co.

Concourse is actively hiring (learn more here) for roles in New York, learn more here or email us directly at matt@concourse.co. We’re a small team of ex-founders, future founders, and early stage startup employees focused on building real world applications for AI starting with finance.