Always Be Closing: Introducing AI Bank Reconciliations
Month-end close wasn’t supposed to cost you your evenings. Yet for most firms and in-house finance teams, bank and card reconciliations are still a grind: exporting statements, babysitting fragile rules, hunting down mismatches, and patching “close enough” balances just to get the books out the door.
We’ve built AI Bank Reconciliations to flip that script!
Starting today, the AGL automatically reconciles bank statement PDFs for you, ensuring balance sheet accounts tie out while surfacing any anomalies for your review. Simply drag and drop the bank statement onto Digits, and the AGL handles the rest for you. It’s literally that easy.
What Are “AI” Bank Reconciliations?
Think of AI reconciliations as giving your close process its own dedicated team of tireless junior staff, in the form of an AI agent:
- It ingests bank feeds, bank statements, and ledger data.
- It automatically matches transactions and finalizes reconciliations, without rules you have to configure or maintain.
- It runs continuously, so by the time you’re ready to close, most of the work is already done for you.
Instead of manually identifying transaction matches and ticking boxes, you’re presented with a clean reconciliation status and a short, prioritized list of exceptions to review, cutting the month-end close process across your client base by hours, every single month.
Welcome to the ledger that reconciles itself.
Much Harder Than It Looks
How hard can it be for AI to match numbers between a data feed and a bank statement? Just like manual reconciliations – harder than it looks! Bank and credit card statements are messy. Fees hide in summaries and deposits. Withdrawals swap places across institutions. Sometimes multiple transactions for the same amount show up on the same day. Other times, the same transaction might show up twice or not at all.
Getting it right meant designing a system that can catch duplicates, detect missing transactions, and distinguish a true mismatch from a sync delay — all without creating more noise for you.
Behind every “auto-reconciled” badge is a complex system of AI data extraction, logic checks, and heuristics to ensure accuracy. After months of design, testing, and refinement, AI Reconciliations are delivering results that speak for themselves:
- 75% less time spent on reconciliations
- Faster, more accurate month-end closes
- A shift from manual preparation to confident review
“AI Bank Recs have flipped my role on its head. I used to spend hours every week slogging through feeds and rules; now I log in and review a clean set of exceptions. My team’s time is now going into judgement and advisory work instead of just finding and matching. It’s the first time in years I’ve felt in control of the close, not buried by it.”
– Heather Taylor, Accounting Services Manager at Hiline
Get Your Nights and Weekends Back
With Digits handling the heavy lifting, you and your team can shift from reconciling every transaction to reviewing what truly matters — resulting in faster closes, fewer errors, and more time back in your week.
AI Bank Reconciliations are available today for all accounting firms on Digits.
Experience AI Bank Reconciliations today.