Prophix One Account Reconciliation’s AI-powered transaction matching is here

Finance leaders deliver insights that drive strategy, guide investments, and shape the future of their organization. But before those big decisions take center stage, there’s a critical step in every finance process—account reconciliation.

Account reconciliation is like a soundcheck before a big stadium concert. Before the main act takes stage, sound engineers need to test every microphone, instrument, and speaker. If one connection is off, the entire performance suffers. Similarly, account reconciliation ensures every financial input is correct so that high-level financial analysis isn’t based on inaccurate data.

If reconciliations aren’t done properly and errors go undetected, the resulting mismatches can distort financial data, leading to flawed decisions. But when reconciliation is flawless, your financial insights come through loud and clear—enabling confident, high-impact decision-making.

What’s new in Prophix One Account Reconciliation: Transaction matching

Prophix One Account Reconciliation is the ultimate soundcheck for your financial close. By using account reconciliation software, you can:

• Track your reconciliation progress by account, period, entity, and close type
• Use automated workflows to quickly identify the bottlenecks in your processes, avoiding any delays
• Decrease your audit time and costs because all your documentation is in one place
• Use standardized templates, built-in checklists, and close performance analysis so you can move faster and more accurately

Prophix One Account Reconciliation helps you eliminate any noise and ensure every number is perfectly ‘in tune’.

But it doesn’t stop there! AI-powered transaction matching is now available in Account Reconciliation. AI-powered transaction matching takes your account reconciliation process to an entirely new level. Now, you’re looking at faster, more accurate, and completely seamless reconciliations.

How does Prophix One do AI-powered transaction matching?

Prophix One Account Reconciliation now offers automated transaction matching, powered by Prophix One’s AI engine, Prophix One Intelligence. Gone are the days of managing multiple sources of data in an increasingly slow spreadsheet with the hope that VLOOKUP and INDEX/MATCH formulas don’t fail you that day. With automated transaction matching, you can say goodbye to version issues and non-existent audit-trails.

AI-powered transaction matching automatically matches your transactions across many sources, presenting only the discrepancies that need your review. Now, you can save hours of manual work, the risk of human error is reduced, and the month-end close wraps up earlier than ever. With tedious matching tasks out of the way, your team can finally focus on higher-value analysis and strategic insights that drive the business forward.

AI-powered transaction matching with Prophix One Account Reconciliation is the ultimate soundcheck—without it, errors and discrepancies create “bad audio,” leading to misinformed financial strategies. But life with it? Now you have confidence to make sound decisions on reliable data every time.

Are you ready to transform your reconciliation process?

Transaction matching is now available with Prophix One Account Reconciliation. Request a demo to see transaction matching in action.