For sale: Want to own a business forum ? Submit your sealed bid to acquire businessforum.uk

By using Apprenticeforums services you agree to our Cookies Use and Data Transfer outside the EU.
We and our partners operate globally and use cookies, including for analytics, personalisation, ads and Newsletters.

  • Join our UK Small business Forum

    Helping business owners with every day advice, tips and discussions with likeminded business owners. Become apart of a community surrounded by level headed business folk from around the UK


    Join us!

How are teams reducing errors in general ledger reconciliation using AI?

J

jakemiller98

New Member
We used to spend hours checking the general ledger for mismatches and late postings. Even small inconsistencies could take a long time to track down, especially when multiple systems and manual adjustments were involved.

Lately, I’ve noticed more teams using specialised reconciliation software with pattern detection and automated matching to remove a lot of this friction. Tools in the same category as Collatio Accounts Reconciliation software, for instance, can automatically reconcile a large portion of entries and surface only the exceptions that need review.

Curious to hear from finance leaders and controllers here:

  • How much of your reconciliation process is automated today?
  • Do exceptions get resolved faster with automation in place?
  • Have you seen a meaningful drop in reconciliation errors since adopting these tools?
 
Top