New Delhi, July 31 -- Mygate has launched MIRA (Mygate Intelligent Response Assistant), an artificial intelligence (AI)-powered assistant designed to automate financial and administrative workflows for Resident Welfare Associations (RWAs) and housing societies.

The new capabilities are integrated into the Mygate platform and focus on automating routine finance-related tasks such as vendor invoice processing, payment reconciliation, collections tracking, transaction analysis and financial reporting. According to the company, pilot deployments showed that treasurers and accountants reduced the time spent on routine financial and administrative tasks by up to 70%.

Mygate said larger housing communities often handle significant financial op...