The new AI-powered capability auto-codes every transaction, suggests actions, learns from feedback, and acts to take that work off businesses’ plates.
Forwardly, a modern business payment platform for growing and scaling businesses, announced the launch of a new AI Agent. Designed to give finance teams greater visibility and control, the Forwardly Agent automatically extracts and codes complex financial documents, including multipage invoices with inconsistent formats, complex approval workflows, and high-volume supply chains.
Finance teams shouldn’t have to choose between speed and control. Our AI Agent works quietly in the background… so teams can stay ahead of risk without adding more manual oversight”
— Nick Chandi
Trained on more than 1 million transactions, including highly complex invoices processed each year in the manufacturing, logistics, hospitality, staffing, marketing and construction sectors, the Forwardly AI Agent learns historical coding patterns and applies them consistently at scale.
As finance teams manage increasing transaction volumes and more complex operations, issues like duplicate invoices, unexpected vendor changes, and shifting payment behaviors can quietly create larger financial problems. Forwardly’s AI Agent continuously analyzes invoice and bill payment data to highlight anomalies and trends early, enabling teams to act before problems escalate to deliver an increase in productivity for finance teams.
Read More on Fintech : Global Fintech Interview with Kristin Kanders, Head of Marketing & Engagement, Plynk App
“Finance teams shouldn’t have to choose between speed and control,” said Nick Chandi, CEO at Forwardly. “Our AI Agent works quietly in the background, automatically and intelligently capturing invoices to eliminate manual data entry, spotting irregularities, and highlighting meaningful trends so teams can stay ahead of risk without adding more manual oversight.”
What the Forwardly AI Agent helps with:
– Reduces manual effort: The AI Agent proactively captures complex invoices, highlights issues for further review, and approves easy stuff so that teams can focus on the exceptions.
– Identifying unusual invoices and bills early: Detects anomalies before payments are processed, reducing the risk of errors or fraud.
– Tracking vendor and customer trends: Provides quick visibility into behavioral shifts, recurring patterns, and emerging issues.
– Catching delays or risks proactively: Flags potential disruptions before they impact cash flow or strain vendor relationships.
The AI Agent is designed to deliver greater clarity across the innovative Forwardly Business Network, enabling CFOs to gain real-time visibility into spending patterns and supplier performance through live dashboards and reports.
The launch of the Forwardly AI Agent further advances Forwardly’s mission to simplify and modernize business payments. By combining intelligent automation with award-winning real-time payment capabilities, Forwardly continues to equip both efficient businesses and rapidly scaling businesses with the tools they need to operate with financial confidence.
Catch more Fintech Insights : When DeFi Protocols Become Self-Evolving Organisms
[To share your insights with us, please write to psen@itechseries.com ]
