CleverBalance - Credit Card Recon

About

CleverBalance simplifies credit card reconciliation by replacing manual, Excel-based processes with a fast, structured, and automated system. It matches credit card statements with accounting records to identify missing expenses, duplicate entries, incorrect postings, fees, refunds, and timing differences, ensuring complete visibility into card activity. The platform standardizes statement and book data, then applies rule-based matching using transaction IDs, references, amounts, and dates to identify high-confidence matches. It handles real-world complexities like split postings, grouped transactions, fees, reversals, and delayed bookings. For unmatched cases, AI steps in to analyze merchant descriptions, narration differences, and complex patterns to resolve reconciliation gaps, without guesswork or incorrect matches. The result is a clear, audit-ready output with fully matched transactions and actionable unmatched items, helping finance teams improve accuracy, reduce manual effort, and speed up month-end close.

Problem & solution

Who it's for

Finance teams, accountants, CFOs, and audit teams handling credit card transactions

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