Pilot, a provider of artificial intelligence-powered bookkeeping and advisory solutions for small-to-midsized businesses and startups, has launched Meridian, an AI platform for accounting firms that the company claims completes the month-end close from start to finish.
Built inside Pilot and used in production since 2017, Meridian applies operational knowledge gained from closing more than 187,000 months of books for over 8,000 businesses. Meridian handles the production work required to prepare the books, then returns complete, review-ready financials to the firm, Pilot says in a media release on June 16.
According to the San Francisco-based company, Meridian fully closes the books end-to-end according to each firm’s accounting policies and each client’s specific processes. It onboards clients, closes historical books, handles edge cases, and produces a complete set of financial statements.
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“Three out of four accounting firms are turning away clients they don’t have the capacity to serve,” Jessica McKellar, founder and CEO of Pilot, said in a statement. “Accounting firms don’t need another tool that helps around the edges. They need a system that actually closes the books end-to-end and changes the unit economics of the work. We built Meridian inside Pilot to solve that problem for ourselves. We’ve used it to close our own clients’ books for years, and now we’re making it available to other firms.”
Instead of spending the month buried in close work, accountant can spend their time reviewing completed work, exercising judgment where it matters, and delivering higher-value services to clients, Pilot says.
Key features of Meridian include:
- End-to-end close execution in the general ledger: Meridian fully closes the books and writes completed output directly into the general ledger.
- Firm-specific accounting policies and client-specific processes: Meridian executes the work according to how each firm operates.
- Review-ready financials: Accountants review completed books, instead of supervising task-by-task agent work.
- Built-in close controls and audit trail: Meridian logs its decisions, validates every step in the process, and summarizes its work for easy review.
- Production-proven at scale: Meridian was built inside Pilot and refined across over 8,000 businesses and more than 187,000 months of books.
- Ledger-native deployment: Meridian has advanced support for QuickBooks Online today and can also work with Xero and NetSuite, with additional ledgers coming soon.
More information about Meridian can be found here.
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