Continuous Accounting using AI enables financial transactions to be created in real-time or near-real-time, whilst significantly elevating controls
AI is sweeping across transactional finance to enable new levels of process and decision automation.
Kanbina AI combines data extraction and reconciliation services within a single AI application, to deliver a complete automation service across Accounts Receivable, Accounts Payable, treasury and more.
Encompassing enterprise-wide business processes across Finance, Supply Chain, Procurement and Inventory Management, Kanbina AI facilitates continuous accounting and improves controls.
AI based Accounts Payable - Automatically create vendor bills from suppliers, invoices from resellers, process EDI transactions, credits cards and expenses
AI based Accounts Receivables - Automatically create sales orders, recharge time and materials and process debit notes. Connect to CRM systems such as Salesforce.
AI based Reconciliation Controls - Automatically reconcile statements, remittances, accounts and bank, creating and updating transactions as you go to speed the month end close.
AI based Reporting – As the whole transactional process has been digitised, data is immediate. Drill down from AP, AR and Control summaries to individual transactions, inspect the exception queue, identify hitherto hidden liabilities, get variance recommendations.
The month end work becomes another day in a continuous process where almost all elements of the process happen automatically.