TallyReconciliation

Tally does the reconciliation every day so that close is a review rather than an excavation. The number that matters is not how fast it reconciles, it is how few breaks are still unexplained on day one of close.

What is account reconciliation automation with an AI agent?

Account reconciliation automation with an AI agent balances sub-ledgers to the GL line by line every day, matches on substance as well as reference, ages every break, drafts variance commentary, and proposes accruals with support attached. It hands back a clean exception list. Every journal that touches the GL is approved by a person first.

Tally is Ferrata's account reconciliation automation agent. Controllers use it so close is a review rather than an excavation. The number that matters is not how fast it reconciles. It is how few breaks are still unexplained on day one of close.

Hypothetical example (not a client result): a controller opens Monday's queue and sees three breaks older than five days, each with the source transactions attached and a proposed accrual for a receipt not yet invoiced. The rest of the accounts already balanced overnight. Close prep starts from exceptions, not from a blank spreadsheet.

How Tally does the work.

Balances sub-ledgers to the GL line by line and hands back a clean exception list instead of a spreadsheet nobody wants to open.

  1. 01

    Reconciles daily, not monthly

    Sub-ledger to GL, bank to cash, intercompany to intercompany, matched line by line every day. A break found on the day it happens is a five-minute question to someone who still remembers. The same break found at close is an investigation.

  2. 02

    Matches on substance, not just reference

    Exact reference matches are the easy half. Tally also matches on amount-and-date proximity, partial settlements against one invoice, and payments that arrived netted across several, the cases that normally get manually unpicked.

  3. 03

    Ages every break

    Each unmatched item carries its age, its size and its history. A three-day-old break is noise; the same break at forty days is a control problem, and it is reported as one.

  4. 04

    Drafts the variance commentary

    Movement against prior period and against budget, with a written explanation drawn from the underlying transactions. The controller edits a draft instead of starting from a blank cell.

  5. 05

    Proposes accruals with their support

    Where goods are received and not invoiced, or a service period straddles the cut-off, Tally proposes the accrual and attaches the documents it based it on. The support is in the proposal, not requested afterwards.

Where Tally stops. Tally proposes journals. It does not post them. Every entry that touches the GL is approved by a person first.

Frequently asked questions

What is automated account reconciliation?
Automated account reconciliation is daily matching of sub-ledgers, bank and intercompany balances to the GL, with every break aged and explained. An AI agent does the matching and drafting. A person still approves any journal that posts to the GL.
Does the reconciliation agent post journal entries?
No. Tally proposes journals and attaches support. It does not post them. Every entry that touches the GL is approved by a person first. That is the control boundary for close, not a temporary setting you turn off after week one.
How does daily reconciliation change month-end close?
Breaks found the day they happen are short questions to people who still remember the transaction. The same breaks found at close become investigations. Daily reconciliation turns close into a review of what is still open, which is the path behind 25 to 1 days to close the books, with a reconciliation agent on it.
What kinds of matches can the agent make?
Exact reference matches are the easy half. The agent also matches on amount-and-date proximity, partial settlements against one invoice, and payments that arrived netted across several invoices. Those are the cases close teams usually unpick by hand at month end.
Which systems does reconciliation automation connect to?
This page names SAP HANA, NetSuite, Dynamics 365, bank statements and sub-ledgers. The agent reads the same sources your close team already trusts, so unexplained breaks are explained against live records rather than against a stale overnight spreadsheet export.
How long does it take to deploy a reconciliation agent?
A first agent is live in under 90 days under Ferrata's standard engagement, with Assess first, the platform then anchored in your environment, and an approval gate on every journal that would touch the GL before a person releases it.

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