Reconciliation Assistant

Manual data reconciliation in finance and accounting is labor-intensive and prone to delays, often taking organizations 8-12 days to process invoices. This inefficiency hinders timely payment processing, impacts cash flow management, and increases the risk of non-compliance, potentially leading to penalties and reputational damage.

Our AI agent, built on Purple Fabric, automates accounts payable by intelligently flagging exceptions, forecasting outcomes, and optimizing procurement decisions. This solution streamlines the reconciliation process, enhancing efficiency and accuracy while reducing compliance risks.

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Key Outcomes

5X increase in document processing ability, enabling organizations to handle a higher volume of invoices efficiently.
70% reduction in manual processing time, significantly accelerating the reconciliation process and improving cash flow management.
Error rate reduced to less than 1%, compared to a 5% error rate in manual processes, enhancing accuracy and reliability.

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Reconciliation Assistant

Business Challenge

Solution

Key Outcomes