Reduce Risk • Improve Accuracy • Expedite Close
Auditoria AP Accruals delivers autonomous supplier outreach to automate the month-end supplier expense accruals process and eliminates the long hours needed to close the books.
Using machine learning and natural language processing, Auditoria’s SmartBots create journal entries, estimate supplier accrual expenses, match with third-party data sources, and reconcile with the general ledger. AP Accruals delivers an industry-first capability to automate the typically arduous and error-prone period-end supplier process.
Automated Outreach And Estimation
Using SmartBot technology, Auditoria automates monthly outreach to suppliers and estimates accruals using supplier input plus purchase order and purchase requisition data.
The SmartBots automatically request non-billed expenses from internal and external stakeholders.
Visibility into Month End
The aggregated data gives visibility into the accrual data, allowing management to anticipate expenses with less unplanned spend to account for.
The platform provides full visibility into the sources for all manual accruals.
Centralized View of Accruals Data
The SmartBots integrate with systems of record and automatically generate journal entries while supporting segregation of duties.
SmartBots gather all the accruals in a centralized view that capture requests and outreach. Team members download accruals data with one click to share with auditors or other stakeholders.
Autonomous Follow-up
SmartBots automatically follow-up with unresponsive vendors to allow accounting teams to concentrate on more value-add analysis and activities.
