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Account Reconciliation Automation demo

Balances tied to their support, with a cited cause for each difference before sign-off. 1:32

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What the demo shows

Reconciles balance-sheet accounts to cited support for controllers and close teams

The balance sheet is laid out as an auditor's workpaper. Agents pull the GL balance and the support for each account, tie them out and place tick marks that each open their source. When there is a difference, an investigator agent searches every journal in the period and the source documents, writes the cause with a page and line, classifies it timing, error or policy and drafts the entry. A second, independent reviewer agent re-performs the tie-out from the raw extracts and must agree to the cent before a person sees it. High- and medium-risk accounts go to a named reviewer to sign with a reason code; low-risk accounts are certified by the controller's own rule, which pulls out any account whose behavior drifts and still sends a weekly sample to a person. The auditor re-performs any reconciliation read-only.

Transcript

  1. Account Reconciliation Automation ties balance sheet accounts to cited support for controllers and closed teams.
  2. Only 31% fully automate the closed checklist.
  3. Here is Kestrel and Vane's workpaper.
  4. Accrued payroll is $4,450 off.
  5. The tray says why.
  6. The preparer agent read the payroll register in every September journal.
  7. The cause, a bonus true-up never booked.
  8. Register page 3, line 41.
  9. It drafts the entry.
  10. A reviewer agent re-performs it and agrees to the scent.
  11. When the agents disagree on a rate, a person picks the policy.
  12. Payroll is high risk, so honorue signs with a reason code.
  13. Low-risk accounts certify by the controller's rule, unless they drift.
  14. Every tick cited, every signature logged, auditors re-perform at read-only.
  15. The target, every difference explained, and the close certified on day four, not six.
  16. Built on Botminds: agents, data, screens, and governance on one platform.

Transcribed from the film’s narration. Captions are on the player.