Lucanet launches AI agents for finance & tax teams

Lucanet has launched an intelligent CFO Solution Platform and a family of AI agents for finance and tax teams, marking a broad expansion of its software for the Office of the CFO.

The Berlin-based software group says the new agents are designed to automate tasks across planning, closing, reporting, and environmental, social, and governance work. The tools target mid-market and larger organisations that need tighter controls over finance processes than many other corporate functions.

Finance departments have been slower than other parts of the business to adopt artificial intelligence due to strict requirements for accuracy, auditability, and compliance. Lucanet aims to address that by separating financial calculation from interpretation and explanation.

Under this model, the platform's core software continues to perform deterministic calculations in accordance with accounting and regulatory frameworks, including GAAP, IFRS, ESEF, CSRD, and Pillar 2. The AI layer is used for reasoning, natural language interaction, and explanatory tasks, while staff remain responsible for review and oversight.

"We are steering through a pivotal moment in finance and tax work, defined by ongoing vendor consolidation and the deep integration of AI across the entire office of the CFO," said Elias Apel, Chief Executive Officer, Lucanet. "We're solving this complexity by empowering financial leadership with intelligence, speed, and confidence. We are enabling a new standard of fast, clear, and strategic decision-making, paving the way toward autonomous finance and tax."

How it works

The AI agents are embedded within the platform rather than offered as separate assistants. They are coordinated through Lucanet Lume, a conversational layer that acts as a single entry point, allowing users to describe a task in natural language and route it to the relevant agent.

The first of the new tools is the Analyst Agent, which performs variance and driver analyses across financial and operational data. Lucanet says it is intended to reduce the time needed for monthly reporting cycles.

Another is the Close Agent, which focuses on the financial close process by automating month-end data imports and validation steps. The Modeler Agent is designed to let users build financial and operational models through natural language prompts rather than manual construction.

For corporate reporting, Lucanet has introduced a Tagger Agent and a Report Agent. The Tagger Agent is intended to automate XBRL and regulatory tagging and, according to the company, can cut the effort required for XBRL tagging by up to 95%. The Report Agent drafts, improves, and translates annual reports and checks language consistency.

The final tool is an ESG Emission Agent, which Lucanet says can generate greenhouse gas footprints up to five times faster than manual methods. This extends the company's AI push beyond mainstream finance and tax work into sustainability reporting, where disclosure rules have added new workloads for many companies.

Trust and oversight

Lucanet's technology approach centres on the view that AI should not perform the underlying financial calculations that determine formal results. Instead, AI is better suited to interpreting information, explaining patterns, and managing user interaction around the existing rule-based finance engine.

"AI is probabilistic in nature and so not suitable to perform deterministic calculations, but it is exceptionally good at reasoning, interpreting, and explaining," said Kevin Smith, Chief Technology Officer, Lucanet. "That's why on the intelligent CFO Solution Platform, the division of labor is clearly separated: The core platform handles deterministic calculations in the context of local regulations and standards such as GAAPs, IFRS, ESEF, CSRD, and Pillar 2, while the AI layer manages reasoning, interpretation, and natural language explanation. Ultimately, intelligence inside finance and tax must be trustworthy, traceable, and defensible in front of an auditor."

According to Lucanet, the AI functions operate in a secure, isolated, and certified environment. The system is also designed with a human-in-the-loop structure, allowing users to oversee, coordinate, and review the software's work.

Market reach

Lucanet says it serves more than 6,500 customers worldwide, ranging from start-ups and mid-sized companies to listed businesses and Fortune 500 groups. Its software covers consolidation, financial planning, disclosure management, ESG reporting, lease accounting, tax compliance and reporting, and banking and cash management.

The company is headquartered in Berlin and has offices across Europe, Asia, and the United States. Its international footprint is intended to help finance teams work across local languages and regional regulations while using a common software platform.

According to the company, Lucanet employs more than 900 people worldwide.