AI Agents for Account Reconciliation

“We had 58 balance sheet accounts that all needed a reconciliation workpaper every month. Each one was its own spreadsheet. The team would spend the first week of close just getting through the reconciliations, and half of that time was formatting and filing. WorkAgentic runs all 58 automatically. The clean ones close themselves. We work through about 12 items with actual differences each month.”

“The problem we kept having was old reconciling items that sat in a workpaper from one month and were supposed to be cleared the next month but never were. Someone would open a new spreadsheet and the prior item just stopped existing. WorkAgentic carries every unresolved item forward automatically. Nothing disappears. The controller sees the age on every open item.”

“Our AR subledger and GL balance were always slightly different at month-end and the team would spend two hours figuring out why. WorkAgentic runs the subledger to GL comparison as part of the close and surfaces the difference immediately with the specific transactions that explain it. What used to take two hours now takes ten minutes to review.”

“Intercompany reconciliation across our three entities was the last thing to get done every month because it required two people from different teams to sit together and work through it. WorkAgentic runs the intercompany comparison automatically and flags the items that do not net to zero. Both teams see the same list and resolve items independently.”

“What surprised me was how much time was going into workpaper formatting rather than actual reconciliation work. We had a format standard but everyone applied it differently. WorkAgentic produces the same format for every account every month. Audit prep is a fraction of what it used to be because the workpapers are already in the right format.”