Efficiency: compliance & close
Fewer new hires needed with Al automation ($100K+ saved)
After a few months of using WiseLayer’s AI automation, a fast-growing client decided that due to their newly increased bandwidth, they no longer needed to hire an additional financial analyst for which they previously budgeted.
Expedited close of books
WiseLayer’s AI identified key issues the moment they were entered into any system (which were previously only noticed at month-end/audits). These included: improper classifications, accrual requirements, budget overruns, data-entry issues and more.
Avoided delay in payroll
WiseLayer’s AI automatically identified a payroll account that was below the amount required to successfully cover bi-monthly payroll for a department of the company. The client was alerted, the oversight was fixed immediately, and payroll was successful.
Customer Stories
Angela, AI agent for Accruals
Large tech firm cuts close time by three days
A unicorn technology company reduced their monthly close process from 8 days to 5 days after implementing Accruals.ai. Our AI Agent processed over 50,000 monthly transactions, allowing their finance team to re-allocate 60 ‘staff hours’ per month to higher-value activities.
National retailer automates 95% of recurring accrual emails
A national retail chain eliminated 200+ manual email correspondences per month by implementing Accruals.ai's automated confirmation system. The AI agent now handles all communication with vendors and internal stakeholders, automatically updating journal entries based on responses.
Consumer goods company achieves near zero accrual errors
A consumer packaged goods company eliminated accrual errors that had previously resulted in quarterly adjustments averaging $200,000. The AI agent's comprehensive analysis of historical data and real-time updates ensures complete accuracy across all accrual categories.
