Endex vs Shortcut (2026)
The decision is whether a finance team wants to delegate work to an agent and review it afterward, or steer the agent inside the workbook and approve its edits as they land. Endex is built for delegation. An associate writes the request into an email or a Teams or Slack channel, and its agents update the model, memo or deck in the background. A web workspace then shows what each agent did. Shortcut is built for steering. An analyst describes the job inside Excel, and each change can wait for approval, with checkpoints to roll back. The overlap is wide. Both sell to private equity firms and banks, and both work on Excel, Word and PowerPoint files. They part on training and on price. Endex keeps customer data out of model training by default. Shortcut does that for Enterprise, while Pro and Teams conversations can train its models unless a user opts out. Shortcut posts its rates and offers a free plan, and Endex posts no price. Pick Endex to hand off recurring upkeep through channels a team already uses. Pick Shortcut when analysts want to build the model and supervise each edit.
- Associates would rather hand work off than sit with it. Endex picks up a task from an email or a Teams or Slack channel and runs it in the background. The team tracks and reviews each agent from a web workspace.
- Training should stay off without anyone changing a setting. By Endex's default, customer data trains no AI model and is not shared with other customers, and OpenAI, Anthropic and Google Gemini each work under zero data retention.
- The agent has to reach your deal and accounting systems. Endex names connectors to DealCloud, Intralinks and NetSuite, and to Yardi for real estate teams.
- The vendor file needs insurance and recovery plans as well as audits. Endex's trust center lists a 2025 ISO 27001 certificate with its statement of applicability, along with cybersecurity insurance and tested disaster recovery plans.
- Memos carry as much weight as the model. Endex drafts memos and committee papers in Word and traces each claim in a draft to its source.
- Analysts want to see each edit before it sticks. Shortcut lets a team set approval to manual one tab at a time, previews the code behind a structural change, and switches into Plan mode when a request is complex.
- Procurement wants a number before any sales call. Shortcut lists Pro at $125 a month and Teams at $400 a month plus $125 a seat on month to month billing, with lower rates on annual terms.
- The firm wants a say in which model runs. Shortcut's picker offers Claude, GPT and Grok models, and Enterprise customers can bring their own Anthropic, OpenAI or Google Gemini keys.
- Modeling should plug into the firm's own code. Shortcut's public Platform API takes Excel, PDF and CSV files and returns finished workbooks, with signed webhooks when a run completes.
- Model traffic must stay off the vendor's servers. On Enterprise, Shortcut can send requests from its Excel add in and web app through a gateway under the firm's control, and its homepage offers on premises deployment.
This comparison is published by AI FinTech Index, an independent research platform that publishes independent ratings of AI vendors for financial services. Endex and Shortcut are each graded against the same capability taxonomy, from each vendor's own public materials and the regulatory record, under the AI FinTech Index verification standard. No vendor pays for placement, and no vendor has reviewed this page. How this evidence is graded
Plain facts
| Endex | Shortcut | |
|---|---|---|
| Primary category | Capital Markets & Research AI | Capital Markets & Research AI |
| Founded | Not published | 2023 |
| Headquarters | New York, New York, United States | San Francisco, California, United States |
| Website | endex.ai | shortcut.ai |
Side by Side
Select any grade to read the note behind it.
| Axis | E Endex |
S Shortcut |
|---|---|---|
| AI Centrality | ||
| Autonomy and Oversight Model | ||
| Model Risk Management and Transparency | ||
| Operational and Outcome Evidence | ||
| AI Safety and Data Stewardship | ||
| GLBA and Data Privacy Posture | ||
| Security Certifications and Trust Center | ||
| Regulatory Status and Licensure | ||
| AI Governance and Bias Disclosure | ||
| AI Liability and Recourse | ||
| Model Supply Chain Disclosure | ||
| Core Systems and Integration Depth | ||
| Deployment Model and Data Residency | ||
| Commercial Transparency | ||
| Institution and Segment Coverage |
Product updates
The latest logged changes from each vendor, newest first, each linked to its source.
Shortcut
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Product / capability
Shortcut 1.4.2 made recurring workflows available, so users can set its Excel agent's tasks to run on a schedule instead of starting them by hand each time.
Source -
Product / capability
Shortcut release 1.2.1 introduced Sho, an autonomous agent with its own cloud computer that takes work by voice or text, carries it out in the background and remembers conversations and notes between sessions, in early alpha for organizations with voice mode enabled.
Source -
Model / architecture
Shortcut release 1.1.0 added Claude Sonnet 5.5, GPT-6 Sol and GPT-6 Luna to its model picker and made background tasks follow the user's chosen model by default.
Source
The short version of each
Endex
Endex sells AI agents that take assignments from a finance team's inbox and chat channels and carry them out in Excel, Word and PowerPoint. Private equity firms, investment banks and corporate finance teams are its core buyers. Its homepage also gives accounting, consulting and public equity teams panels of their own. The agents keep LBO models current, refresh models each quarter, assemble comparison sets and draft committee papers, citing sources as they go. Charlesbank, Colliers and Moelis & Company are among sixteen firms it shows as enterprise deployments. Connectors bring in FactSet, Capital IQ and Morningstar data alongside SEC filings. By Endex's default, customer data trains no model, and each customer's encryption keys stay in its own cloud account on Amazon Web Services. Oversight comes after the work, not before it. Endex describes no step where an agent waits for a person's approval before it writes to a file. None of its named firms reports a measured result, and no price is published.
Source: AI FinTech Index, 2026
Shortcut
Shortcut puts an AI agent inside Excel that builds and edits financial models from plain instructions, and an analyst can approve each change before it lands. Its maker, Fundamental Research Labs, also trains Pivot, a finance model that runs beside Claude, GPT and Grok models. Hedge funds, private equity firms and banks head its buyer list. Its jobs range from three statement models and DCF valuations to LBOs with debt schedules and quarterly updates from filings. Since August 2026 it also works on Word and PowerPoint files. TresVista, an outsourced research firm with more than 350 clients, reports about 25 percent average gains at the execution stage after embedding it, with no method described. Pricing is public, from a free plan to Teams at $320 a month plus $100 a seat on annual billing. The main caveat is the review its output still needs. In a test by Ankura's Office of the CFO, no tool produced a usable model without meaningful human review.
Source: AI FinTech Index, 2026
Common questions
How does Endex compare with Shortcut for hedge fund and private equity modeling?
Endex and Shortcut both put AI agents to work on a finance team's Office files, so the overlap is real. The difference is how work changes hands. With Endex, an associate sends the work off by email, Teams or Slack and picks up the finished file later, with its sources cited. With Shortcut, an analyst works beside the agent in Excel and can approve each change as it lands. Shortcut's buyer list opens with hedge funds, and it has a case page for them. Endex leads with private equity, investment banking and corporate finance, and offers public equity teams quarterly reconciliations that cite every figure. Shortcut can be tried on a free plan, while Endex starts with a demo request or a trial of its Excel add in. Graded by AI FinTech Index against the same capability axes from each vendor's own published materials, verified November 4, 2026. No vendor pays for placement.
Who on a deal or investment team works with Endex or Shortcut, and how do they give it work?
At Endex, analysts and associates hand work over by message. They address a task to Endex in an email or post it in a Teams or Slack channel. A web workspace lets the team assign, track and review every agent. A firm can also start Endex agents from its own tools through MCP or an API. Shortcut is built for the analyst at the keyboard. The request goes into its Excel add in, web app or Windows desktop app, and a Google Sheets plugin comes with it. Admins set the team's default model, role permissions and AI rules. Engineers can send Shortcut jobs through its Platform API, and a plugin lets Claude Code and Codex call the agent. Graded by AI FinTech Index against the same capability axes from each vendor's own published materials, verified November 4, 2026. No vendor pays for placement.
How does a reviewer catch a mistake in work from Endex or Shortcut?
Shortcut puts the check inside the edit. Each change can wait for approval with a preview of the code it will run, and checkpoints saved before destructive steps let a team restore the workbook. Auto Review checks the agent's changes. An audit skill reviews a finished model, and each extracted figure shows the filing, date and page it came from. Its API jobs and scheduled loops run with nobody approving. Endex puts the check after the work. Word drafts trace each claim to a source, and public equity write ups cite every figure. Audit logs track every interaction, but Endex's pages describe no point where an agent waits for approval before it writes. Neither Endex nor Shortcut publishes an error rate with a defined method. Shortcut's 76 percent figure comes from its own test on 20 tasks, and Endex's 99 percent extraction chart sits in an account OpenAI published. Graded by AI FinTech Index against the same capability axes from each vendor's own published materials, verified November 4, 2026. No vendor pays for placement.
What will an information security review find at Endex and Shortcut?
Both Endex and Shortcut keep their SOC 2 reports behind an access request. Endex holds SOC 2 Type II and an ISO 27001:2022 certificate, and requires multifactor sign in with role based access. Shortcut lists SOC 2 Type I and Type II with a 2026 penetration test and names no auditor. It supports SAML single sign on, MFA and SCIM. Endex runs on Amazon Web Services with each customer isolated. Encryption keys stay in the customer's own cloud account, and no platform region is stated. Shortcut's standard service runs in US data centers. Its Enterprise plan adds storage in the firm's own bucket, the firm's own keys in AWS Key Management Service or Azure Key Vault, and a private model gateway. The AI FinTech Index points out that Shortcut's Platform API jobs run in Shortcut's own cloud and do not pass through that gateway. On training, Endex says customer data trains no model by default. Shortcut never trains on Enterprise data, but Pro and Teams conversations can be used unless a user switches the setting off.
Can a team see what Endex or Shortcut costs before talking to sales?
A team can price Shortcut from its pricing page, while Endex gives no figure before a conversation. Shortcut's free plan gives 20 credits a week. Pro is $100 a month on annual billing or $125 month to month. Teams is $320 a month plus $100 a seat on annual billing, so ten seats come to $1,320 a month. Groups under 15 seats sign up without a sales call. Teams pools 1,000 credits a month across the group. One message typically uses 2 to 15, and Shortcut does not state the credit cost of a full model build. Enterprise is quoted. Endex publishes no plan, rate or billing unit, and every route in runs through a demo request or a sales contact. Its Microsoft Marketplace listing offers the Excel add in as a trial, with full access on a paid license. For Endex, get the billing basis and the cost of a seat in writing. Graded by AI FinTech Index against the same capability axes from each vendor's own published materials, verified November 4, 2026. No vendor pays for placement.
Related comparisons
Other published head to head assessments involving these vendors or their closest peers. The full set for this category is on the Capital Markets & Research AI page.
Endex and Shortcut leave the same gaps. Neither gives an error rate with a defined method or states a regulatory position for what its agent produces. Neither stands behind a figure the agent gets wrong. Shortcut's terms are public. They supply output as is, tell users to verify it before relying on it, and cap liability at the fees paid in the prior 12 months. Endex's product agreements are not public, and its website terms cap liability at $100 for the site alone.
For Endex, the points to settle in writing are whether an agent can be held for approval before it writes, which settings or contracts could change its no training default, and how long product data is kept. For Shortcut, they are the credit cost of a full LBO build, whether Platform API jobs can use the firm's own gateway, and how the firm hears of a new default model, like the move to GPT 6 Astra in September 2026.