In the current financial management field, Excel spreadsheets remain an indispensable tool. Despite many companies investing substantial funds in financial software, many finance teams still rely on Excel for closing accounts, data verification, and preparing audit materials. To address this, former Microsoft executives Ramnandan Krishnamurti and Ajay Krishnamurthy Amdan decided to take action and founded Maximor, a company aiming to replace traditional spreadsheets with AI agents to optimize the workflow of finance teams.
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Maximor has completed a $9 million seed round of funding, led by Base Capital. The company is dedicated to building an AI agent network that can seamlessly integrate with ERP, CRM, and billing systems, continuously extracting transaction data from enterprises. According to co-founder Krishnamurti, the system integrates operational data with financial data, providing real-time financial visibility, eliminating the tedious process of organizing data at the end of the month. For example, after using Maximor's solution, the real estate technology company Rently reduced its closing time from 8 days to 4 days without adding additional accounting staff.
Maximor's AI agents can interface with various systems, including NetSuite and QuickBooks, automatically generating the required working papers and audit records, thus simplifying the audit process. Although the company aims to reduce reliance on Excel, it still allows finance teams to export verified data as spreadsheets to meet the needs of auditors.
In addition to AI agents, Maximor also offers manual accounting services as a complement to the work of smart agents or as an accounting service for companies without internal finance teams. Krishnamurti explained that the smart agents will handle data preparation, while humans will be responsible for review, maintaining the traditional accounting team's workflow.
Maximor was founded in 2024, and its founders have worked at Microsoft for many years, accumulating extensive financial experience. The company is headquartered in New York, USA, and has an office in Bangalore, India. Maximor's target customers are companies with annual revenues of at least $50 million, and it already has early customers in the United States, China, and India. The software supports both U.S. Generally Accepted Accounting Principles and International Financial Reporting Standards, meeting the needs of multinational companies.
Key Points:
🌟 Maximor reduces enterprise reliance on Excel through AI agents.
⏱️ After using Maximor, Rently reduced its closing time from 8 days to 4 days.
🤝 In addition to smart agents, Maximor also provides manual accounting services to support corporate financial management.
