mazdek
Finance & Accounting • Finance & Accounting

Month-End Close Assistant

Automates month-end close from reconciliations to reporting. Checklist-driven, with automatic anomaly detection and audit trail.

67% faster close
Month-End Close Reconciliation Audit Trail Financial Reporting

67%

Faster Close

< 3 Days

Average Close Time

100%

Audit Compliance

89%

Auto-Reconciliation Rate

About This Solution

How Does the Month-End Close Assistant Work?

The Month-End Close Assistant drastically accelerates your month-end close. What used to take days is now done in hours — with higher accuracy and complete traceability.

The agent guides through a structured close process: account reconciliations, intercompany eliminations, accrual entries, and report generation. Every step is documented and can be immediately verified during audits.

Integrated anomaly detection identifies unusual postings, missing reconciliations, or deviations from the previous month. Potential issues are caught early and can be corrected before close.

Features

What This Agent Can Do

Checklist Workflow

Structured close process with configurable tasks, responsibilities, and deadlines.

Auto-Reconciliation

Automatic matching of bank, accounts, and intercompany items with exception management.

Anomaly Detection

AI-powered identification of unusual postings, missing entries, and trend deviations.

Audit Trail

Complete documentation of all steps, changes, and approvals for audits.

Examples

How It Works in Practice

1

Bank Reconciliation

"Monthly reconciliation of 5 bank accounts with 500+ transactions each."

Agent automatically matches 94% of transactions, lists differences with suggestions, creates reconciliation report.

2

Intercompany Elimination

"Group with 12 entities and complex IC relationships."

Automatic identification of all IC transactions, balance matching, creation of elimination entries.

3

Accrual Entries

"Monthly accrual of rent, insurance, and subscriptions."

Agent recognises recurring accruals, creates entries automatically, and flags unusual variances.

FAQ

Frequently Asked Questions

How are close checklists configured?
Via an admin interface, you define tasks, dependencies, responsible parties, and deadlines. Templates for different close types (monthly, quarterly, annual) can be maintained separately. Tasks can be automated or manual.
Which ERP systems are supported?
We integrate with SAP S/4HANA, SAP Business One, Microsoft Dynamics 365, Oracle NetSuite, and Sage. For reconciliations, we use direct API connections or data exports.
How does anomaly detection work?
The agent compares current postings with historical patterns: amounts, accounts, timing, and frequency. Deviations above configurable thresholds are flagged. ML models continuously learn from your data.
Can we adapt the workflow to our processes?
Absolutely. Every organisation has its own close processes. You define steps, approval levels, required documentation, and notifications. The agent adapts to your requirements.

Interested in This Solution?

Let's discuss together how the Month-End Close Assistant can accelerate your close process.

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