Automated Bank Statement Reconciliation Software helps businesses eliminate manual matching errors, improve financial accuracy, and accelerate month-end closing. Studies show that finance teams spend up to 30% of their time on manual reconciliation, while automation can reduce reconciliation time by up to 90% and improve matching accuracy to 99%+. Manual processes often lead to delayed reporting, duplicate entries, and compliance risks, especially for high-volume transactions.
Kosh AI solves these challenges with AI-powered bank statement reconciliation that automatically imports data from banks and ERPs, matches transactions in real time, identifies exceptions instantly, and provides actionable insights through intelligent dashboards, enabling faster financial close, enhanced compliance, and scalable reconciliation across multiple accounts.
Automatically matches bank transactions with ERP and accounting records in seconds.
Configure flexible rules to reconcile complex and high-volume transactions with precision.
Connect with banks, ERPs, accounting systems, and payment gateways for unified reconciliation.
Fetch bank statements and transaction data automatically without manual uploads.
Instantly identify unmatched transactions, duplicates, and discrepancies.
Maintain detailed logs and reconciliation history to simplify audits and ensure compliance.
Monitor reconciliation status, KPIs, and financial insights through real-time dashboards.
Streamline review and approval processes with role-based workflows and notifications.
Ready to Transform Your Bank Statement Reconciliation Process?
Simplify bank statement reconciliation using AI-powered automation. Reconcile high-volume transactions, reduce operational costs, improve accuracy, and close books faster.
Pulls data from OMS or transaction tracking system in any format.
Integrates with payment intermediaries across the globe; nocoding needed.
Pulls data from OMS or transaction tracking system in any format.
Seamlessly fetches data and docks entries in the accounting systems.
Analyzes data from ERPs in any syntax and format.
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Reconciliation that used to take our finance team two full days now finishes in under an hour. Kosh AI has significantly improved our accuracy while reducing manual effort.
Manoj Jhanjhi
The AI-powered transaction matching is incredibly accurate. We've eliminated spreadsheet-based reconciliation and gained complete visibility into unmatched transactions.
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