Finance

Automated bank reconciliation

Drastically cut reconciliation time by automating the matching of invoices and bank transactions with algorithms trained on your own data.

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What is it?

What is automated payment reconciliation?

A tool designed for accounting teams that need speed, accuracy and traceability in their daily payment reconciliation.

Our system integrates with the client's ERP via API, pulling in the data on issued and outstanding invoices. It also lets you easily upload a file of bank transactions (Norma 43 / Excel) exported from your bank.

Using neural networks trained on the client's own history, the system automatically analyzes and matches payments and invoices, even for grouped or partial payments. Low-complexity reconciliations are processed fully automatically, and the more ambiguous ones are shown in the interface for manual resolution.

Problems it solves

Automates the most repetitive and least valued process of the financial close.

  • 01

    Slow manual reconciliations on accounts with hundreds or thousands of transactions.

  • 02

    Valuable accounting team time spent on mechanical tasks.

  • 03

    Delayed financial closes or a growing backlog.

  • 04

    Lost traceability or human errors when marking invoices.

Built for…

Accountants, administration and treasury managers who handle large volumes of transactions.

  • Accounting teams

  • Administration and treasury

  • Large transaction volumes

Technology

AI trained on your own history to maximize accuracy

  • Neural networks and specialized machine learning models.
  • API integration with the client's ERP.
  • Simple upload of bank transactions (Norma 43 / Excel).
  • Activity logs and full traceability by user, date and match.
Key benefits

More speed, fewer errors, instant reconciliations

  • Fewer working hours spent on repetitive tasks.

  • Automatic reconciliation of all routine transactions.

  • A clear view of the exceptions to review manually.

  • Better financial control and a faster month-end close.

Case studyPublic sector · Bank reconciliation · ERP

Automating the reconciliation of bank payments with invoices for a public sector supplier

Read the case
Start today

Request a demo

We show you how it reconciles a real statement from your bank.