#Ghent #Belgium #AI finance #Eagl #Month-End Closing

Eagl Secures €825K for Financial Automation Development

Eagl, a promising startup from Ghent, Belgium, has recently announced that it has successfully secured €825,000 in funding. This financial boost is aimed at expanding its engineering team and accelerating the development of its cutting-edge AI-powered finance platform. With plans to scale across Europe, Eagl aims to streamline the finance processes for in-house teams, enabling them to focus on strategic decision-making rather than tedious manual tasks.

The new platform developed by Eagl integrates seamlessly with existing ERP and accounting systems. Its main goal is to automate workflows related to accounting and controlling, ensuring continuous data quality and resolving anomalies in real-time. As Samuel Van Innis, the co-founder and CEO of Eagl, aptly put it, "Most finance teams are stretched thin, fixing problems instead of adding real value." The platform aims to transform days of manual checking into instant insights, thus empowering finance leaders to direct their efforts towards more strategic areas of the business.

The funding round was led by Syndicate One and CNBB Equity Partners, with notable backing from several leading SaaS founders in the industry. These include individuals from renowned companies like ExactOnline and Yuki, as well as other startups that have made significant impacts in the tech and finance sectors. This broad support builds credibility around Eagl's mission and technology, as many believe that it could fundamentally change how finance departments operate.

Eagl's approach targets one of the most critical bottlenecks in the finance sector—time-consuming processes associated with month-end closes. In fact, finance leaders today reportedly spend up to 70% of their time just gathering, cleaning, and reconciling data, all while missing out on valuable analytical insights. Eagl addresses this issue by placing its AI-driven tools directly into the CFO's toolkit, connecting to essential financial data sources to ensure that the books remain accurate. This enables the generation of enriched reports that contain valuable business context, further boosting decision-making efficiency.

While traditional tools have improved task tracking to some extent, they still leave finance teams bogged down with manual effort. Unlike legacy systems, Eagl's platform is designed with an AI-first mindset, providing context and intelligence into every accounting and controlling workflow from day one. As the startup continues to grow, its founding team, which includes experienced operators from companies like Henchman, Rydoo, and Lighthouse, remains focused on building a solution that is genuinely tailored to the needs of modern finance teams.

The future of Eagl looks promising as they set out to improve the operational efficiency of finance departments across Europe. With automated workflows, continuous data quality monitoring, and real-time anomaly resolution, Eagl's innovative platform is poised to not only alleviate initial discomfort in finance processes but also drive a shift in how finance professionals perceive and perform their roles.