Services/AI & Intelligence/Smart Reconciliation

Smart Reconciliation

AI-powered automatic transaction matching

Eliminate manual reconciliation with AI that automatically matches 98%+ of transactions. Reduce close time from days to hours while improving accuracy.

98.5%

Auto-Match Rate

Average

95%

Time Saved

vs manual

<5 min

Reconciliation Time

1000 transactions

99.9%

Accuracy

After review

Reconciliation Dashboard

Real-time matching status and exceptions

4,847

Matched

22

Pending Review

$2.4M

Reconciled Value

This period

Exceptions Requiring Attention

Missing Transaction
12 itemspending
Amount Mismatch
5 itemspending
Date Discrepancy
3 itemsresolved
Duplicate Entry
2 itemspending

Reconciliation Types

Comprehensive reconciliation for all account types

Bank Reconciliation

Match bank transactions to ledger entries automatically

Match Rate

98.7%

Avg Time

2 min

Intercompany Reconciliation

Reconcile transactions between related entities

Match Rate

96.5%

Avg Time

5 min

Accounts Receivable

Match customer payments to open invoices

Match Rate

97.8%

Avg Time

1 min

Accounts Payable

Three-way matching of POs, receipts, and invoices

Match Rate

99.1%

Avg Time

3 min

Intelligent Matching Rules

Multiple algorithms working together for maximum accuracy

Exact Match

High

Amounts, dates, and references match exactly

Fuzzy Match

Medium

Slight variations in amounts or dates within tolerance

Split Match

Medium

One transaction matches multiple entries

Aggregate Match

Medium

Multiple transactions match one entry

Pattern Match

High

AI identifies recurring transaction patterns

ML Suggestion

Variable

Machine learning suggests likely matches

Close Books Faster

Automate reconciliation and reduce close time by 80%