Glossary

An AI agent is a self-operating system that performs specific business tasks intelligently and autonomously. Unlike traditional automation tools that follow rigid, predefined rules, an AI agent can understand data, make contextual decisions, and improve its accuracy over time through supervised learning.

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In finance, AI agents represent a turning point. They move beyond repetitive scripting to deliver adaptive, auditable automation across accounting, treasury, and administrative workflows. Within this framework, Phacet’s AI agents are purpose-built to automate the financial back-office, from invoice verification and payment reconciliation to document extraction and supplier control, all while maintaining human oversight and complete traceability.

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Each Phacet agent is created through a no-code interface, allowing teams to describe in plain language what they want to automate (“identify duplicate invoices,” “match payments to suppliers,” etc.). The agent then executes the process across connected systems like ERPs, CRMs, or shared inboxes. Every result is transparent and explainable: users can trace back each output to its data source, ensuring compliance and trust.

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AI agents redefine operational efficiency in finance. They combine machine precision with human supervision to deliver faster, safer, and smarter execution, freeing teams from manual work so they can focus on insight, strategy, and growth.