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Building the AI Accountant of Tomorrow – Finmatics

Article

Building the AI Accountant of Tomorrow – Finmatics

Article

Building the AI Accountant of Tomorrow – Finmatics

Business insights

Article

Building the AI Accountant of Tomorrow – Finmatics

Business insights

In 2021, we came across a company called Finmatics – an AI accounting solutions provider with an exceptional team, remarkable grit, and a clear sense of purpose to solve a gap in the market. Four years later, we’ve welcomed Finmatics into the Visma family.

Accounting and invoicing remain ripe for digital transformation. In the DACH region, only 16% of companies currently use AI-based solutions in accounting1, a stark contrast to the 60% of finance professionals who report that manual and outdated closing processes contribute to stress and excessive workloads2. Finmatics is leading the evolution of the market. Their AI-powered platform streamlines the accounting process by automating repetitive tasks, reducing manual errors, and accelerating transaction handling – making the lives of every accountant much easier. This aligns perfectly with the broader digitalisation wave sweeping across Europe – and with what is core to Visma: accounting, invoicing, payroll and tax.

When we look at Finmatics’ progress over the past four years, it’s clear they’re seizing a major opportunity – in 2023 alone, they increased their total revenue by 300% year-on-year3. With this acquisition, we’re doing more than expanding our product offering. We’re expanding our footprint in vital markets like the DACH region. These markets are notoriously complex, but we believed from the start that there was massive potential to unlock by thinking outside-the-box to build on the high growth solutions we already have in the region. With Finmatics now on board, we’ve taken a significant step forward.

Founder’s story: Christoph’s journey

Founder Christoph, along with his partners Patrick and Ulrich, built Finmatics from the ground up after 15+ years in the accounting industry, where they had personally experienced the frustration of inefficient accounting tools. His vision was clear from day one: to make accounting simpler, more productive, and future-proof.

Christoph Prieler

From the outset, the trio had a deep understanding of the challenges faced by accounting departments – particularly the widening talent gap and growing workload. As Christoph told us, there’s a massive talent gap and accounting teams everywhere, from the US to the UK, France, Germany, and Austria, are swamped and struggling with workloads. 

What Christoph and his team have built is a smart, scalable response to these issues. Finmatics’ AI-powered system relieves teams of repetitive, time-consuming tasks such as invoice handing – while maintaining very high levels of trust. Accountants don’t need to second-guess the system or manually check for inconsistencies; they only review exceptions flagged by the AI.

This kind of clarity of product offering - paired with the entrepreneurial grit Christoph and his team have shown - is exactly what we look for in a partner: standout technology with high-growth led by exceptional talent. It’s not just about having a great product. It’s about solving real problems with scalable, long-term solutions.

Cultural alignment and due diligence: The foundation for success

For any acquisition to succeed, cultural fit is critical. That’s why we paid close attention to how Finmatics operates at every level. Our due diligence process – spanning across technology, cultural and financial – included conversations with numerous customers and employees, to best understand Finmatics’ and ensure we preserve their startup mentality as we continue to support them.

What stood out most was their resilience – their willingness to pivot the business multiple times to find the right fit. But even more impressive is how they’ve blended entrepreneurial energy with a mindset for operational excellence – something that matches perfectly with the Visma values. Whenever we partner with a new company, we want to leave considerable degrees of freedom to allow the firm to continue thriving in a setting and environment that works for them. And to quote from a conversation I had with Markus at Finmatics:

“With [Visma], we will have a strong parent company that keeps our back free, allowing us to strive in an entrepreneurial spirit.”

From our first meeting with the Finmatics team back in early 2021, it was clear they had the ambition and clarity to build something transformative. Over time, it became even more evident – they’re not just developing a product; they’re shaping the future of accounting.

Looking ahead: The future of accounting systems

So, what comes next? With Finmatics as part of Visma, we’re ready to lead the next wave of digital transformation in accounting in the DACH region. As integration continues, we’ll unlock new opportunities to build a more powerful ecosystem that drives industry-wide innovation. The entire Finmatics team has a strong conviction in what the future of accounting will look like – and we’re proud to play a role in making that future a reality.

Welcome to the Visma family, Finmatics.



1Digitalisation in accounting 2023/2024” KPMG report, February 2024.
2Survey: More than 60% of DACH Finance Professionals Say Outdated Financial Close Processes Result in Employee Turnover” FloQast press release, August 28, 2024.
3Finmatics wins top international investor Mangrove for €6 million Series-A funding” Finmatics press release, February 15, 2023.

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