Brex Adds AI Native Accounting Infrastructure
Brex has released an AI-native accounting application programming interface (API) that is meant to update the way businesses handle their finances. The company said that the new API connects directly to ERP platforms and makes accounting processes automatic. This method shows that more people want to see their finances in real time and have less work to do to reconcile them.
The API is made to support full automation instead of broken accounting integrations. Brex stressed that finance teams need to be able to sync data between systems all the time more and more. This launch makes the company a technology-driven partner for modern finance companies.
Source: PR Newswire/Website
Changing One Way Bank Feeds to 2 Way Data
Traditional accounting integrations use one-way bank feeds, which slow down the flow of information into ERPs. Brex said that its API gets rid of these problems by allowing data to flow back and forth all the time. Transactions and other information move instantly between Brex and accounting systems that are connected to it.
This 2-way structure lets finance teams get the information they need at the time of the transaction. Then, data is sent straight to ERPs without having to wait for batch uploads. This kind of immediacy helps make things more accurate and cuts down on the work that needs to be done after a transaction.
Real Time Transaction Context Improves Controls
Brex said that accounting fields can also go back to its platform from ERPs. This lets spending rules and business logic be used when transactions happen. The end result is that stronger financial controls are built right into the way the business works.
Using context in real time cuts down on mistakes that usually happen during reconciliation cycles. Finance teams can enforce rules without having to look back at them later. This feature helps close deals faster and makes financial reporting results more predictable.
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Webhooks And Endpoints Enable Instant Updates
Real-time webhooks and expanded endpoints in the API let systems know about new activity right away. When transactions happen on Brex accounts, connected accounting platforms get alerts. This means that batch processing routines do not have to be delayed anymore.
Instant notifications make sure that financial systems are always in sync. With this architecture, you do not have to upload files or update them by hand anymore. Brex said that this design helps teams keep their ledgers accurate during each accounting period.
Automation From Transaction Coding To Close
Brex said that the API works with its current AI accounting features. These tools work together to help with everything from coding transactions to getting ready for export and closing. Automation cuts down on repetitive tasks that used to take up a lot of time for the accounting team.
By automating routine accounting tasks, teams can spend more time on analysis and planning. Brex stressed that automation does not lower accuracy or readiness for audits. Instead, it wants to make things more consistent in places where there are a lot of transactions.
Leadership Focuses on the Benefits of Accuracy and Speed
James Reggio, the chief technology officer at Brex, said that speed and accuracy in accounting cannot be traded off. He said that the API provides smart automation with more accurate data in real time. Finance teams and ERP partners benefit from work that is done for them automatically.
Reggio also said that tasks like coding transactions and getting ready for export go off without a hitch. This helps businesses close their books more quickly and with more confidence. The API is a part of Brex’s bigger plan for AI-powered financial infrastructure.
First Steps Toward Integrating AI Native ERP Platforms
Integrations with the Rillet and Campfire platforms will be the first places where the accounting API is available. Brex said that both partners were AI native ERP providers that followed the principles of real-time automation. These integrations show how continuous accounting can work in real life.
Nicolas Kopp, the founder of Rillet, said that manual month-end closes are no longer needed. He said that using Brex real-time data with Rillet automation keeps ledgers up to date all the time. Instead of waiting until the end of the period, finance teams can act on audit-ready financials right away.
