AI Account Reconciliation & Substantiation Software
Standardize, automate, and govern account reconciliations end-to-end with AI account reconciliation — so you can focus on analysis, not administration.
- 99%+ reduction in preparation time on reconciliations
- 90%+ reduction in number of accounts to be reconciled
- 62%+ reduction in write-offs
Account Reconciliation & Substantiation Use Cases
- Balance Sheet Reconciliation: Automate reconciliation of General Ledger (GL) accounts, subledgers, and bank data using account reconciliation software so finance teams can quickly certify accurate balances and reduce risk.
- Multi-ERP Balance Sheet Account Reconciliation: Reconcile and standardize data across multiple ERPs (SAP, Workday, Oracle, NetSuite, etc.) and entities to provide a single, consistent view and streamline global close processes across your accounting software ecosystem.
- Prepayments and Accruals: Automatically reconcile and roll forward prepayments and accruals to ensure expenses are recognized in the correct periods, and balance sheet accounts remain accurate and audit-ready.
- Amortizing and Depreciation Schedules: Integrate amortization and depreciation schedules with the GL, ensuring assets and deferred items are accurately reflected over time within your accounting software environment.
- Automated Open Item Aging: Highlight open ERP transactions (payables, receivables, clearing accounts, etc.) to drive timely resolution and support proactive bank reconciliation and account substantiation.
Real Customers. Real Results.
HP Transforms Financial Close: 70% of Reconciliations Automated & 80% of Balance Sheet Verified by Day Five
Read Case StudySince implementing, HP has:
- ~72% of reconciliations automated
- ~80% of balance sheet value verified by Day 5
- Close by Day 3 with minimal global exceptions
- Risk-based thresholds reduce reconciliation volume without increasing risk
Because reconciliations are completed quickly and early with Trintech, we’re not extending the close period. That speed and control are critical at HP’s scale.”
From Spreadsheets to Strategic Control: How Specsavers Standardized & Scaled Reconciliations
Read Case StudySince implementing, Specsavers has:
- 115,000 reconciliations per month
- 90% automation rate
- Risk-based reconciliation strategy at scale
- Rolled out across 247 companies globally
We now have full visibility into our open items and key metrics which has reduced our risk significantly… We have automated about 90% of those reconciliations which has saved us a significant amount of time each month.”
RaceTrac Fuels Reconciliation Efficiency with Trintech & Workday
Read Case StudySince implementing, RaceTrac has:
- 100% account reconciliation coverage
- Daily reconciliation visibility for leadership
- Proactive error detection before month-end close
We perform daily reporting on reconciliation status. Leaders now have a clear, holistic view of reconciling items, significantly improving our understanding of potential P&L impacts.”
See Account Reconciliation Automation in Action
AI Account Reconciliation
Centralize data, continuously
Centralize data, continuously
Seamlessly ingest GL balances and supporting transactions from your ERP(s), banks, and subledgers into a single controlled workspace daily for a continuous close, so reconciliations don’t wait for month-end.
Automate to reduce manual work
Auto-format data sources, auto-populate balances, and auto-reconcile accounts using automated account reconciliation software designed for scale. Prioritize your efforts where risk and materiality are highest; auto-handle the rest.
Standardize templates & policies
Apply consistent reconciliation templates, materiality thresholds, and approval processes across every entity and account type.
AI-suggested actions
Move beyond manual checklists. Trintech’s AI financial close adds an intelligent layer, functioning as AI software for automating account reconciliations that learns from your activity and improves at scale. Receive suggested recs, journal entries, and research items before an issue turns into a blocker.
Certify with built-in controls
Risk-based workflows ensure the right reviews happen at the right time, with full audit trails preserved automatically for a record that will hold up. Prioritize high-risk accounts while leveraging automation to detect anomalies on low-risk accounts.
Report & improve
Gain real-time visibility into status, aging, and exceptions. Surface trends by entity, account, or owner to continuously tighten controls and prevent bottlenecks, leading to greater efficiencies.
From a CFO point of view, you could really have clear visibility of the status of your balance sheet recs that you need to sign off on. That was a really big win.”
Once the team saw the benefits of Trintech’s solution, they never looked back. The team really enjoys not having to do 10 steps to get where they need to be now it’s just two.”
Having [our reconciliations] in an enterprise-grade solution allows for others to access the data, including an audit trail, which creates a lot of efficiency and time savings.”
Account Reconciliations for Any Industry
FAQs
What is account reconciliation software?
Account reconciliation software automates balance verification, exception handling, and approvals, ensuring financial statements are accurate and compliant with internal and external reporting standards.
Who benefits from automated account reconciliation?
Organizations of all sizes benefit from automation—particularly those managing multiple accounts, entities, or currencies. Automation enhances efficiency and control in financial close processes, reducing the amount of manual errors for a faster close.
How does automation improve accuracy?
Automation eliminates many manual errors by standardizing workflows, applying predefined matching rules, and ensuring consistent documentation for all reconciliations. This leads to reduced risk and greater confidence in your financial records.
How does AI improve reconciliation accuracy?
AI detects patterns, predicts matches, and flags exceptions, reducing manual effort and errors. It learns from past reconciliations to continuously improve accuracy and efficiency.
Does Trintech support multi-currency reconciliations?
Yes. Trintech solutions handle multi-currency and multi-entity reconciliations with configurable rules that account for exchange rate differences and localization needs.
Can reconciliations be performed daily?
Yes. Daily reconciliations are supported, providing continuous visibility into balances and exceptions while reducing month-end pressure caused by built up volume.
How does it help with audit readiness?
Trintech solutions maintain detailed audit trails and centralized documentation. Auditors can access what they need to gain full visibility into reconciliations, history, approvals, and supporting evidence. This cuts down on audit time while ensuring everything is tracked and compliant.
Can I keep my ERP systems?
Yes, Trintech solutions complement your ERPs, extending the value you’re getting out of them. With pre-built connectors that integrate with the most common ERPs, our solutions can also integrate seamlessly with any ERP, data source, or banking platform, ensuring accurate and timely reconciliations.
