Use Case - Accounting
Accounting
A finance function that closes itself.
Overview
Finance becomes autonomous: every operational event posts financial entries instantly.
Key AI Steps
- 1.Automated GL Posting (shipment → COGS, payment → cash)
- 2.AI Variance Detection (COGS, Revenue, Margin)
- 3.Auto-reconciliation of key accounts
- 4.AP/AR Forecasting & Payment Optimization
- 5.Continuous Close Dashboard
- 6.Entity Consolidation Automation
Impact
- 80% fewer manual journal entries
- Month-end closes 50% faster
- Real-time P&L + BS
Automated GL Posting
Operational events such as shipments and payments automatically trigger the corresponding financial entries in the General Ledger. For example, shipments post to Cost of Goods Sold (COGS) and payments post to cash, reducing manual effort and improving accuracy.
AI Variance Detection (COGS, Revenue, Margin)
AI continuously analyzes financial metrics to detect significant or unusual variances in COGS, revenue, and margin. This enables finance teams to quickly identify anomalies and investigate potential issues.
Auto-Reconciliation of Key Accounts
Critical financial accounts are automatically matched and reconciled to verify balances. This ensures data accuracy while significantly reducing time spent on manual reconciliations.
AP/AR Forecasting & Payment Optimization
The system predicts future Accounts Payable (AP) and Accounts Receivable (AR) balances. These forecasts help optimize payment timing and collection strategies to improve cash flow management.
Continuous Close Dashboard
A real-time dashboard provides continuous visibility into financial performance. This supports an ongoing close process rather than relying solely on traditional monthly closing cycles.
Entity Consolidation Automation
Financial data from multiple subsidiaries or business units is automatically consolidated into a single set of financial statements. This streamlines reporting and ensures consistency across the organization.