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Any of your companies use AI for bank reconciliations?
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I work at a company that does about 2-2.5 in gross revenue per month and are a non profit in the healthcare industry. I report directly to the controller and am responsible for the operating account reconciliation, and one other account that is our second largest in transaction volume.

Just wondering if any of you guys have ever had experience using tools like Docyt or Zeni to automate that process. It takes about 10 hours a month to get everything fully reconciled on my end. My boss, probably about the same for the other accounts she is responsible for. This would save us easily 20 hours a month if we could get the process nearly fully automated.

We are switching to Sage Intacct for our ERP, and it seems like there are some AI models that will integrate into it. Just want to get some opinions of real users before I bring the proposal to my boss.

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9 months ago