Automated Intercompany Reconciliation with AI Agents

Webinar | November 14, 2024 at 3:00 pm CET

Managing account reconciliations manually, e.g. for intercompany accounts, is time-consuming and prone to errors, leading to delays in financial reporting and potential compliance issues. Currently, most reconciliation activities take place retrospectively, significantly increasing the time to close a company´s financial statements.

Agentic AI-driven Intelligent Document Processing (IDP) can synchronize intercompany processes and transactions by automating the data flow from document information extraction to automated matching and comprehensive reconciliation reporting. Discover the benefits of leveraging AI Agent-based platforms to enhance your organization's accuracy, efficiency, and human-machine collaboration.

Key Topics Covered:

• Understanding Intercompany Reconciliation Challenges: Explore the common pain points and complexities involved in managing intercompany transactions.
• AI Agent-Based Solutions: Learn how the Hypatos Agentic AI platform automates data extraction, validation, and matching to streamline related Accounts payable and Accounts Receivable transactions between affiliated entities.
• Enhancing Accuracy and Reducing Errors: Discover how Hypatos Agentic AI minimizes manual intervention, ensuring precise and reliable invoice matching outcomes.
• Accelerating Financial Close Cycles: See how automation speeds up the reconciliation process, enabling faster financial reporting and decision-making by combining OtC and PtP automation.
• Real-World Innovation Cases: Hear from EY consultants that work with their clients and Hypatos on this topic implementing our AI-driven solutions to optimize their OtC and PtP processes.
• Live Demonstration: Experience a hands-on demonstration of our Agentic AI platform in action, showcasing its capabilities and user-friendly interface.
• Q&A Session: Engage with our experts to address your specific questions and explore how our solution can be tailored to your needs.

Speaker:

Andreas Muzzu
Financial Accounting Advisory Services (FAAS) Innovation/Digital Lead
EY
Andreas serves as the Global & EMEIA Finance Optimization Cluster Leader for EY Financial Accounting Advisory Services, where he manages a client-centric team supporting CFOs and their finance functions in all aspects of controllership and financial planning and analysis (FP&A) with a strong emphasis on process improvement and digital enablement. Since the CFO´s role is evolving into a more value-oriented task, Andreas firmly believes that mid-term digitalization, automation, data and process analytics, and system improvements lie at the heart of an organization's finance transformation journey. Andreas himself is currently heavily involved in enhancing proprietary EY solutions and third-party software in finance with (Gen) AI technologies. Andreas is a regular speaker on Finance optimization topics at various client events and universities.

Luca van Skyhawk
CRO
Hypatos

Vish Dhingra
Partner, Financial Accounting Advisory Services
EY