Intelligent SME.tech Issue 69 | Page 32

// INTELLIGENT TECHNOLOGY //

iplicit launches AI-enabled analytics and reporting suite as centrepiece of expanding AI platform

i plicit, a leading cloud accounting platform purposebuilt for the UK and Ireland mid-market, has launched iplicit Insights, its AI-enabled analytics and reporting suite giving finance leaders visibility into their organisation’ s financial position.

iplicit Insights is the flagship product within iplicit AI Pulse, the company’ s AI platform which brings together its growing portfolio of intelligent capabilities.
iplicit unveiled iplicit Insights at Accountex in London, with Executive Finance Dashboard launching as Phase 1 of the suite. Executive Finance Dashboard delivers pre-built dashboards covering cash flow, cost analysis, profit and loss, balance sheet KPIs, accounts receivable and payable ageing.
An enhanced AI tier allows users to ask questions and receive instant answers about their current financial data via AI-enabled natural language queries, without building a report or switching to a separate tool.
This is the most extensive product release from iplicit since it launched in 2019. The award-winning provider has invested heavily in embedding AI capabilities into its trusted cloud-native finance system, which now serves over 50,000 daily users across the UK and Ireland with system access from 103 countries.
Building AI from the ground up the requirements of ISO / IEC 42001:2023, the world’ s first AI management system standard overseeing the governance, risk management and secure development of AI integrated systems.
Unlike many vendor rollouts, iplicit’ s AI features are not add-ons or thirdparty integrations. They are built into the same platform that finance teams already use to run their operations, within the same interface and the same permissions structure.
This means finance leaders get AIenabled analytics and conversational reporting on their financial position as a secure, natural extension of their existing workflow, without the time-consuming export, manipulate and present cycle that comes with external tools requiring separate log ins and maintenance alongside the finance system.
Reports generated within iplicit Insights are traceable to source transactions and based exclusively on verified financial data held within the platform. All outputs are viewed and controlled by the finance team.
In addition to iplicit Insights, intelligent capabilities within the platform now include AI-enabled invoice processing and AI Detect, an anomaly detection feature that flags unusual transactions and potential errors before they become problems.
Lyndon Stickley, CEO of iplicit, said:“ iplicit Insights represents a significant product update and a defining moment in our innovation roadmap. We have spent years building intelligence into a strong cloud-native core – ensuring our AI platform meets the highest industry standards for security and compliance – and iplicit Insights is the clearest expression of that yet.
“ iplicit brings a team with decades of domain expertise alongside a platform that is already trusted by thousands of mid-market finance teams across the UK. iplicit Insights adds AI-enabled analytics and conversational reporting to that foundation. Delivering a unified platform – a highly secure and scalable cloud core coupled with an intelligence layer that determines when and when not to use AI – is what sets us apart.” � iplicit’ s cloud-native foundation means AI has been built into the platform from the ground up.
The accounting software leader was recently audited and certified as meeting
32 Intelligent SME. tech