AI EMPLOYEES
Automate financial reporting and statements with agentic AI
Generate monthly financial statements, P&L reports, and balance sheets automatically. Reduce reporting time by 90% with your AI employee.
Financial reporting statements
Finance
1,392
Running
90%
Faster Reporting
Human employees shouldn't be manually creating financial reports...
Time-Consuming Report Creation
Your team spends days each month gathering data, creating reports, and formatting financial statements manually.
40-80 hours monthly per report cycle
Delayed Month-End Close
Manual report creation delays your month-end close, pushing back critical business decisions and stakeholder communications.
10-15 day average close timeline
Formatting Errors & Inconsistencies
Manual report creation leads to formatting errors, broken formulas, and inconsistent presentation across reporting periods.
30% of reports require rework
Use agentic AI to automate your financial reporting 24/7
Generate financial statements automatically
Magical automatically creates income statements, balance sheets, cash flow statements, and statement of equity with accurate data pulled directly from your accounting system.
Magical generates customized management reports including departmental P&Ls, budget vs. actual analysis, KPI dashboards, and variance reports—formatted to your specifications.
Magical automatically identifies significant variances from budget or prior periods, calculates variance percentages, and can even draft narrative explanations based on transaction details.
Magical automatically distributes completed financial reports to the right stakeholders via email or secure portals, with customized report packages based on recipient roles.
Step 1: Book a demo
See Magical in action and scope out your current financial reporting processes for automation.
Measurable results for your financial operations
90%
Faster Reporting
Generate financial statements in hours instead of days
50%
Faster Close
Accelerate month-end close with automated report generation
100%
Consistency
Ensure consistent formatting and calculations across all periods
24/7
Real-Time Access
Generate up-to-date reports on-demand, any time
What finance leaders are saying
Magical has transformed our financial close process. We've reduced our close timeline from 12 days to 5 days, and our leadership team now has access to financial reports within hours of month-end. The consistency and accuracy have been outstanding.
We manage financial reporting for 15 business units and Magical has been a game-changer. What used to take our team a full week now happens automatically overnight. Our controllers can focus on analysis instead of report assembly.
Security & compliance
HIPAA compliant
Magical processes all data locally with zero PHI storage
SOC 2 Type II certified
Enterprise-grade security with regular third-party audits
Secure Authentication
Single Sign-On (SSO) and multi-factor authentication options
Ready to transform your financial reporting process?
Which financial reports can Magical generate?
Magical can generate all standard financial statements (Income Statement, Balance Sheet, Cash Flow Statement, Statement of Equity) plus custom management reports, departmental P&Ls, budget variance reports, KPI dashboards, and board packages.
Can Magical handle multiple entities and consolidations?
Yes, Magical can generate reports for individual entities and automatically create consolidated financial statements. It handles intercompany eliminations and multi-currency consolidations.
How does Magical integrate with my accounting system?
Magical works with all major accounting platforms including QuickBooks, Xero, NetSuite, SAP, Oracle, and Microsoft Dynamics. It pulls data in real-time to ensure reports are always up-to-date.
Can I customize report templates and formatting?
Absolutely. Magical allows you to create custom report templates that match your company's branding and formatting preferences. You can define custom calculations, add logos, and format reports exactly how you need them.
How does Magical ensure data accuracy?
Magical pulls data directly from your accounting system with built-in validation checks. It maintains a complete audit trail of all calculations and can alert you to data anomalies or unexpected variances before reports are distributed.