Tech news: Oracle announces new AI agent offerings

Oracle announces new AI agent offerings

Oracle announced new AI agents within Oracle Fusion Cloud Applications built using Oracle AI Agent Studio for Fusion Applications. Running on Oracle Cloud Infrastructure, Oracle AI agents are prebuilt with advanced security and natively integrated within Oracle Fusion Applications at no additional cost. The agents include:

Payables Agent: Helps accounts payable teams automate multichannel invoice processing. The agent can ingest invoices from email, portals, EDI/e‑invoicing, and PDFs; extract and normalize data; match to POs and receipts; create distributions and accounting; apply tax, policy, and fraud checks; and route for approval and payment.
Ledger Agent: Helps accountants shift from report chasing to continuous insight and action. The agent can set natural‑language monitoring prompts, deliver context‑aware inquiry and explanations with supporting details, and auto‑create adjustment journals.
Planning Agent: Helps financial planning and analysis teams move to continuous, connected planning. The agent can provide real‑time trend and variance analysis via natural‑language interactions, run event‑driven predictions on Fusion financial/operational data, and guide what‑if simulations.
Payments Agent: Helps finance teams optimize cash outflows and expand payment choices. The agent can evaluate and manage early pay, virtual cards, and financing options; enable bank system interactions for faster supplier onboarding and execution; and monitor acknowledgements/exceptions.

In addition to the new AI agents embedded in Oracle Fusion Applications, customers and partners can also create and manage their own unique AI agents using AI Agent Studio for Fusion Applications.

KPMG hails AI partnerships with Salesforce, Google

The offices of KPMG in Chicago

Tannen Maury/Bloomberg

Big Four firm KPMG announced an expanded investment in Agentforce, the agentic layer of Salesforce's digital labor platform. The firm is deploying Agentforce to its professionals worldwide to enhance its go-to-market efforts, which will enable teams to automate research, streamline meeting preparation, and summarize key insights. It will be used by over 30,000 professionals worldwide with the U.S. as first adopters starting in November. KPMG also is working with Braven, a nonprofit organization that empowers college students with the skills to transition to a strong first job, to develop an AI agent using Agentforce to streamline volunteer matching. This pro bono work is part of the KPMG AI Impact Initiative, which brings together skills-based volunteering, philanthropy and more to help nonprofit organizations benefit from AI. KPMG also announced its firm-wide adoption of Gemini Enterprise from Google Cloud, an agentic AI platform that will be available for every employee. Nearly 90% of KPMG employees accessed the tool within two weeks of it launching, with nearly 700 no-code AI agents created by employees since late September. AI agents are already being deployed for intelligent forecasting, anomaly detection and assistance with the financial close process. KPMG is also helping a client to deploy a proof-of-concept for AI-powered invoice processing. Agents are helping clients prevent contract leakage, automate sourcing and gain real-time insights into transactions, as well as accelerating the transformation of legacy IT systems with gen AI-powered code conversion.

Partnerships and integrations

Indirect tax solutions provider Vertex Inc. announced that it has achieved Oracle Validated Integration with Vertex Accelerator for Oracle's ERP offering. To achieve Oracle Validated Integration, partners such as Vertex demonstrate their integrated offering aligns with Oracle integration best practices and performs as documented. For customers, Oracle Validated Integration provides confidence that the partner's integration has been validated and the products work together as designed. … Top 25 firm PKF O'Connor Davies announced the enterprise-wide rollout of ChatGPT across all business units and support functions. PKF O'Connor Davies is also developing plans to integrate OpenAI technology across its broader application landscape, ensuring AI-driven insights consistently extend into the tools professionals use every day. To encourage adoption, a firmwide training initiative includes industry-specific modules, practical tips, internal case studies and regular use-case sessions supported by a dedicated idea submission tool. … Cloud based accounting platform Xero just announced the completion of the $2.5 billion acquisition of SMB bill pay platform Melio, which was first announced in June. Melio will continue to operate independently and support all small businesses in the U.S., said a spokesperson from Xero. Nothing changes in Melio's product. Meanwhile, in parallel, Xero will embed Melio's features into Xero's core platform. As part of Xero's commitment to an open ecosystem, the company will also continue to support other payments providers on our platform just as they have done before, in the event they would prefer not to switch. … Digital assets solutions provider Ledgible announced that it has joined the Canton Network, which underpins more than $6 trillion in tokenized assets. Through this integration, Ledgible will provide institutional-grade reporting and portfolio transparency for digital assets held or transacted on Canto; enable white-label and API-driven interfaces for financial institutions to deliver digital asset insights to their clients; and support compliance and audit requirements with the same rigor that financial services expect from traditional asset classes. ... Intuit announced a strategic partnership with top 25 firm Aprio. Through this partnership, businesses that adopt Intuit Enterprise Suite through Aprio will get access to unified support, onboarding, and a tailored client experience that utilizes the capacities of both companies. Businesses that currently use QuickBooks and are interested in upgrading to Intuit Enterprise Suite will get exclusive, hands-on support from Aprio's certified QuickBooks ProAdvisors and Intuit Enterprise Suite specialists. Over the next 12 to 24 months, Aprio and Intuit will work together to further identify opportunities for Intuit customers transitioning into more complex business stages and extend the partnership beyond ERP to broader advisory and growth solutions.

Other news

Accounting practice management solutions provider Docyt announced its new mission: to enable every accountant to become a Million Dollar Accountant. Traditionally, the ability for an accountant to serve 300 small businesses at once — each paying an average of $299 per month — has been impossible without hiring large teams. Docyt believes this vision will be enabled with the capacities of its AI copilot, which it says will allow small firms to scale their client base without increasing headcount. … Accounting platform Campfire announced a $65 million Series B co-led by Accel and Ribbit. This follows a $35 million Series A just 12 weeks ago, bringing the total funding to over $100 million. Investors include Foundation Capital, Y Combinator and prominent industry executives from Ramp, Snowflake, Clay, Supabase, Revolut and more.