Financial operations platform Ramp has introduced its first AI agents designed for controllers to automate expense policy enforcement and prevent unauthorized spending and fraud.
These new AI agents aim to alleviate manual tasks in finance by autonomously managing expenses, enforcing policies, and improving spending guidelines using context-aware reasoning.
While agentic AI systems like these are gaining traction in various industries for autonomously handling tasks beyond data processing, concerns around accountability and compliance hinder full-scale enterprise adoption.
Although there is vast potential for autonomous AI, executives express reservations due to trust issues regarding decision-making processes, with data security and privacy being top concerns for enterprises deploying such technologies.