40-60% of your accounts close themselves
Arvexi auto-reconciliation runs three matching methods in priority order, zero-balance, tolerance, and no-activity, and closes qualifying accounts without human intervention. Every account receives an AI confidence score: GREEN, AMBER, or RED. Your team stops wasting time on accounts that don't need attention and focuses on the ones that do.
The problem
Your team reviews 400 accounts every close. Half of them have zero variance.
Every month, your accountants open every reconciliation in their queue, check the balance, confirm there's no variance, prepare a work paper documenting the obvious, and submit it for review. For half your accounts, the answer is the same: nothing changed. That's hundreds of hours spent confirming what the data already shows. Read more about auto-reconciliation and reconciliation automation.
Three matching methods
Accounts that match get closed. Automatically.
Zero-balance matching
When the GL balance matches the subledger or supporting schedule with zero variance, the account auto-reconciles instantly. No tolerance needed. The numbers agree exactly.
Tolerance matching
Configure absolute thresholds ($50, $100) or percentage thresholds (0.5%, 1%) per account group. Variances within tolerance auto-reconcile with documented justification. Different thresholds for different account types.
No-activity matching
Accounts where the balance is unchanged from the prior period and no new transactions were posted auto-reconcile with a no-activity flag. Common for dormant subsidiaries, reserves, and long-term accruals.
Confidence scoring
GREEN, AMBER, RED | every account, every period
A five-factor deterministic formula scores every reconciliation: variance materiality, explanation coverage, historical consistency, aging health, and preparer activity. GREEN accounts are auto-approve candidates. Clean, explained, consistent. AMBER accounts need a quick review. RED accounts get a full AI investigation. Your team sees the entire portfolio ranked by risk, not alphabetically.
Configurable rules
Different rules for different accounts
Auto-reconciliation rules are defined at the account group level. Bank accounts might use a $0.01 absolute tolerance. Prepaid accounts might use 1% of balance. Intercompany accounts might require exact zero-balance matching with no tolerance allowed. Each group gets its own threshold, its own enabled methods, and its own confidence formula weights. You define the policy; Arvexi enforces it consistently every period.
Escalation path
What auto-recon can't close, Cortex investigates
Accounts that fail auto-reconciliation don't just sit in a queue. Cortex scores every remaining account and, for AMBER and RED items, launches an autonomous investigation using 7 data tools. It queries transactions, compares prior periods, checks intercompany counterparts, identifies root causes, and produces structured findings with draft reconciling items. Your team reviews completed analysis instead of starting from scratch. Back to Account Reconciliation.
We went from reviewing every single account to only reviewing the 30% that actually need human judgment. The auto-reconciliation catches the obvious ones, and Cortex handles the investigation on the rest. My team's close went from 8 days to 3.
Assistant Controller
Assistant Controller at National Real Estate Company
FAQ
Ready to stop reviewing accounts that don't need you?
See how auto-reconciliation handles 40-60% of your accounts without human intervention. Book a demo with your chart of accounts.
Book a demo