CleverBalance - Intercompany Recon

About

CleverBalance automates intercompany reconciliation by matching transactions between entities with speed and precision—eliminating manual Excel work and reducing reconciliation errors. Upload data from both entities, and the platform standardizes formats, cleans references, and structures records for accurate comparison. It first applies rule-based matching using invoice numbers, references, amounts, and dates to identify high-confidence matches. It then handles complex scenarios like one-to-many entries, split settlements, netting arrangements, and timing differences. For unmatched records, AI steps in to intelligently identify patterns across entities, without forcing incorrect matches—ensuring accuracy and reliability. The system clearly separates matched and unmatched transactions, helping teams quickly identify missing entries, incorrect postings, and reconciliation gaps. The result is a faster financial close, clean intercompany balances, and audit-ready outputs—making consolidation smoother and more reliable for finance teams.

Problem & solution

Who it's for

Finance, accounting, audit, and consolidation teams in multi-entity organizations

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