Float has unveiled Float Intelligence, a new AI-driven capability embedded within its finance platform, designed to help Canadian businesses streamline operations amid growing economic pressure. Built specifically for the Canadian market, the solution aims to reduce manual financial tasks and improve accuracy in transaction management.
At the core of the launch is a transaction coding agent that automates the assignment of general ledger (GL) and tax codes—including HST, GST, and PST—to corporate card transactions. Tasks that once required hours of manual reconciliation can now be completed in minutes, allowing finance teams to focus on more strategic priorities.
“We didn’t set out to build an AI product. We set out to remove the everyday friction caused by Canadian businesses being handed infrastructure that was never designed for them,” said Rob Khazzam, Co-Founder and CEO at Float. “We spent six years fixing that foundation. Float Intelligence is what becomes possible once it’s right.”
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The announcement comes at a time when Canadian small and mid-sized businesses are facing tightening margins. According to Float’s research, revenue growth has not translated into profitability, with many organizations relying on existing cash reserves to sustain operations. Administrative burdens remain a key challenge, with some companies spending up to 40 hours monthly on payments and reconciliation processes.
Float Intelligence addresses this by introducing automation that is both precise and adaptable. The system only applies automatic coding when it reaches a 90% confidence threshold, routing uncertain cases for human review. It also personalizes its performance by learning from each company’s historical data, ensuring accuracy improves over time.
Float’s model is different from general-purpose AI tools. It’s trained only on Canadian transaction data. This focus helps it manage local tax systems and accounting practices better. In tests, it showed much higher accuracy than standard AI models. This proves the value of a domain-specific design.
Early adopters see significant time savings. Finance teams move from manual data entry to quick review workflows. Float plans to expand these features across its platform. This will reduce admin costs and help businesses operate better in a tough economy.