Bank Reconciliation Automation demo

What the demo shows

Matches bank statements to the ledger, investigates breaks and drafts adjustments

Matching agents clear the routine lines. Every line that does not match opens as a case in a casebook, not a row in a grid. An investigation agent works each case like an analyst: it forms hypotheses, tests them against remittances, receivables, payables, payment files, lockbox images, card settlements, the bank's charge detail and the fee schedule, and records what it rejected and why, with a confidence. An adjustment drafter writes the cash application or entry; an independent checker re-performs it and it must clear the break to the cent. A fraud sentinel reads breaks and matched lines for duplicates, altered checks and changed beneficiaries, and runs the legal recall clocks. The treasury analyst talks to the agents inside each case, approves, edits or rejects with a reason code, and can reopen a case with a note; above $25,000 and for every recall, a second person approves.

Transcript

1. 0:00Bank Reconciliation Automation matches bank statements to the ledger for Treasury teams.
2. 0:08Fraud hides in the breaks.
3. 0:1174% of firms faced email payment fraud.
4. 0:16Overnight, agents matched 18,000 lines and opened 225 breaks.
5. 0:24This $18,250 wire matches no invoice.
6. 0:31An agent tested three hypotheses against remittances, invoices, and bank charges.
7. 0:39Two Fernwood invoices less a $35 fee.
8. 0:43A checker confirms it clears to the cent.
9. 0:47Leo asks why not Varek.
10. 0:50The agent answers, citing its source.
11. 0:54Leo approves with a reasoned code.
12. 0:57Agents never post. The Sentinel flags a duplicate debit inside the five-day reversal window.
13. 1:06Every hypothesis cited, every approval signed, every step logged.
14. 1:13The target, 225 breaks explained by morning, accounts reconciled by 10.
15. 1:22Built on Botminds: agents, data, screens, and governance on one platform.

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