We are building a system capable of matching supporting documents, such as vouchers and images, with transaction records, including bank statements, Open Banking solutions, or other transaction lists like inventory changes. This is done in real time, integrating seamlessly with existing accounting systems. Additionally, we can automatically generate new ledger transactions where supporting documents are already linked.

The reason behind this initiative is clear: to optimize time efficiency for finance departments and accounting firms while enhancing data quality and security in financial reporting.

Initially, the demand for our solution may arise from specific processes that require reconciling supporting documents with bank statements for large transaction volumes. This challenge has now been solved.

From here, it is only a small step to full account reconciliation. Traditionally considered a qualified task performed by experienced financial professionals, our system has now evolved to take on this role. We can now reconcile accounts in real time, automatically synchronizing with existing accounting systems and banks via Open Banking.

The next logical step? Automated period-end closings.

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