AI Reconciliation: How Global Adoption Is Transforming Finance Operations?
Key Takeaways: AI reconciliation refers to the use of artificial intelligence to automate and enhance the process of matching and …
Verify supplier invoices against purchase orders to prevent duplicate payments and ensure accuracy through AI payment reconciliation agents.
Unlike traditional reconciliation software that just tracks tasks, Recogent's AI agents actively identify anomalies, detect errors, and provide AI-driven recommendations to reduce manual reconciliation work by 70%.
Our advanced OCR technology reads supplier statements, invoices, and receipts automatically to structure unstructured data and eliminate manual entry errors that slow down your close.
Pre-configured matching rules, combined with machine learning, automatically process transactions, flag exceptions, and provide intelligent insights to achieve 99% accuracy across all reconciliation types.
Link back every matched transaction, AI recommendation, and adjustment to source data with an immutable audit trail to make audits effortless and compliance automatic.
Get deep insights into your reconciliation process and financial data through intuitive dashboards for real time discrepancy detection instead of weeks later during the close.
A multinational retail chain reduced reconciliation time from 18 days to just 3 days, achieving 99% accuracy.
A large manufacturing company automated 95% of the process and cut manual workload by 70%.
The AI-powered reconciliation system automatically fetches data from invoices, payments, purchase orders, and receipts.
By implementing Recogent’s automated account reconciliation system, clients reduce reconciliation time by 80%, cutting it from 15-20 days to just 2-3 days.
Yes, Recogent’s AI software for automating account reconciliations is ERP-agnostic and works with Oracle, SAP, QuickBooks, and more.
Yes, Recogent’s AI reconciliation software supports integration with Azure, AWS Amazon, Google Cloud, and Oracle Cloud.
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