With our Accrual Assistant, you can close your books with speed and accuracy – and give your finance teams more time for analysis and insights.
Accrual Assistant Highlights
100%automation of standard accruals
60%automation of non-recurring accruals
Identify the root cause of journal-entry exceptions.
Accrual Assistant co-exists with your systems, workflow, and standard ERP functionality to automate journal entry processing.
Extract journal instructions from multiple sources – including email, cloud-based repositories, and SFTP servers – using AI technology to manage structured and unstructured data.
Process, prepare, and park journal entries to your ERP using recurring journal entry functionality.
Accrual Assistant parks exceptions for manual processing, and has built-in rules to validate the chart of accounts. It can also automatically set up accruals that are caused due to defined expenses patterns and corporate actions.
Validation and analytics
The technology validates mandatory fields, and intelligent analytics determine the volume, type, and causes of exceptions. Our dashboards then show the potential P&L status of journal entries in process in real time.