AI for Financial Close: What Works Best?

[jakemiller98]

In our finance team, the monthly close has always been a heavy lift. Matching invoices, reconciling with bank feeds, and aligning against the general ledger takes a lot of repetitive work that could be better spent on analysis.​

We’ve started looking at tools like Collatio Accounts Reconciliation software that apply AI to automate the matching and flag unusual items, which has cut down repetitive tasks noticeably. Other teams I’ve talked to use tools like BlackLine or Trintech for similar purposes.

I’m curious how other finance leaders are using AI across their close cycle:

• Which parts of the close have you automated so far?
  
  
• Do your teams trust the AI suggestions, or is there still a lot of manual review?
  
  
• Has that freed up time for more strategic tasks?