Account reconciliation compares your internal ledger entries to external statements—such as bank or supplier records—to confirm every transaction matches. This verification keeps financial reports accurate, supports compliance, and quickly flags errors or fraud.

Reconciliation software automates the process of comparing financial data from multiple systems and sources to identify and resolve discrepancies. It streamlines reconciliation workflows by importing data, matching transactions, flagging exceptions, and providing audit trails.

By using automated account reconciliation software, finance teams can significantly improve speed, accuracy, and compliance—resulting in faster financial closes and reduced risk.

Automated account reconciliation uses advanced technology to streamline and accelerate the entire process—from data collection to exception management. Here's how it works:

• Import & unify data – Automated account reconciliation software securely pulls bank feeds, ERP data, invoices, and payment files into one platform.
• AI‑powered transaction matching – Rules and machine‑learning models instantly pair transactions by amount, date, currency, and reference.
• Exception handling – Any mismatches are auto‑flagged for review or auto‑cleared based on predefined thresholds.
• Continuous learning – The system refines matching rules over time, boosting future match rates and reducing manual effort.
• Real‑time reporting & audit trails – Dashboards, alerts, and immutable logs give finance teams complete visibility, compliance, and faster period‑end close.

Solvexia's financial reconciliation software unifies data from all your systems and files into a centralized platform, creating a single source of truth. Its smart matching engine can reconcile complex scenarios and millions of transactions in seconds. 

Interactive dashboards provide real-time visibility into the status of every reconciliation, allowing managers to monitor progress and identify bottlenecks. Built-in workflow capabilities route exceptions to the right people for efficient investigation and resolution. 

Solvexia's transparent processing ensures consistent reconciliations across the organization while maintaining comprehensive audit trails for compliance and control purposes.

Solvexia’s automated reconciliation software transforms a manual, error‑prone task into a streamlined, high‑performance process. Key benefits include:

• Speed: Reconcile up to 100× faster by automating data ingestion and transaction matching.
• Accuracy: Cut errors by 98% with AI‑driven rules and consistent workflows.
• Exception Management: Resolve issues faster with intuitive dashboards and collaborative reviews.
• Scalability: Handle growing transaction volumes without adding headcount.
• Real-Time Insights: Monitor KPIs and performance with dynamic dashboards and reports.
• Compliance: Meet audit and regulatory requirements with built‑in controls and audit trails.
• Cost Savings: Realise ROI in 6–12 months by reducing manual work and accelerating the close.

With Solvexia, finance teams can reconcile faster, operate with greater confidence, and unlock more value from their data.

Solvexia's flexible and extensible platform supports automating various reconciliation processes. These include:

• bank reconciliations
• credit card reconciliations
• intercompany and inter-system reconciliations
• accounts payable and receivable reconciliations
• payment and cash reconciliations
• general ledger account reconciliations
• net asset value (NAV) and holdings reconciliations

Whether you're looking for bank reconciliation software to speed up transaction matching or balance sheet reconciliation software to streamline month-end close, Solvexia delivers the automation and accuracy your team needs. Its versatility enables organizations to standardize and automate reconciliations across business units, geographies, and systems—driving consistency, transparency, and efficiency throughout the financial close process.

Solvexia empowers finance teams to work faster and smarter by automating time-consuming data preparation and reconciliation tasks. By eliminating manual effort, the software frees up staff to focus on investigating exceptions, performing higher-value analysis, and supporting strategic initiatives. 

Finance leaders gain real-time visibility into reconciliation status and aging, enabling them to monitor performance, identify trends, and make data-driven decisions. Auditors benefit from transparent, controlled processes that ensure the integrity and accuracy of financial data. 

With Solvexia, finance teams can scale operations, strengthen controls, and drive efficiency across the organization, ultimately becoming a more agile and strategic business partner.