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ChatFin - Your A.I Partner

To help you with every problem

Whether you're closing the books, analyzing financial performance, or making strategic decisions, ChatFin is your intelligent partner every step of the way. Our AI understands the nuances of finance operations and provides contextual, actionable insights tailored to your specific needs.

ChatFin Finance Use Cases - AI-Powered Solutions

All Finance Use Cases

Reconciliations

Ensure accuracy and consistency in financial reporting

Reconciliation is the process of comparing financial records (ledgers, statements, balances) to ensure accuracy, consistency, and completeness in reporting. It detects errors, discrepancies, and fraud, and is critical for financial integrity.

Bank Reconciliation

Match bank statements with internal records

Automatically match bank statements with internal records to identify discrepancies, outstanding transactions, and ensure accurate cash positions.
Credit Card Reconciliation

Reconcile credit card transactions and statements

Match credit card transactions with receipts and invoices, categorize expenses, and ensure all charges are properly recorded and authorized.
Intercompany Reconciliation

Balance transactions between related entities

Ensure transactions between related entities are properly recorded and balanced across all subsidiary and parent company books.
Account Reconciliation

Verify general ledger account balances

Verify general ledger account balances against supporting documentation, identify variances, and ensure accuracy of financial statements.

Accruals

Track revenues and expenses with precision timing

Accruals refer to tracking revenues and expenses when they are earned or incurred, not when cash changes hands. Automating accruals reduces manual effort, errors, and improves auditability.

Predictive Accruals

AI-powered expense and revenue predictions

Use AI and historical data to automatically predict and calculate accruals for utilities, rent, and other regular expenses that haven't been invoiced yet.
Purchase Order Accruals

Automate accruals for received but unbilled goods

Automatically create accruals for goods received but not yet invoiced, ensuring accurate financial reporting by matching purchase orders with receipts.
Revenue Accruals

Track earned but unbilled revenue

Automatically accrue revenue for services delivered or goods shipped but not yet invoiced, maintaining accurate revenue recognition.
Multi-Entity Accruals

Manage accruals across multiple entities

Manage accruals across multiple legal entities and currencies with automatic consolidation and elimination entries for group reporting.

Flux Analysis

Evaluate and explain significant account variations

Flux (variance) analysis evaluates and explains significant changes in financial accounts between periods to uncover drivers behind fluctuations.

Budget vs Actual Analysis

Compare planned vs actual performance

Automatically analyze budget versus actual performance, identifying significant variances and providing detailed explanations for deviations.
Period-over-Period Analysis

Track changes across time periods

Compare financial performance across different time periods, identifying trends and explaining month-over-month or year-over-year variations.
Trend Analysis

Identify patterns and forecast changes

Analyze historical data to identify trends, seasonality patterns, and predict future financial performance with AI-driven insights.

Month-End Close

Streamline financial period consolidation

Month-end close involves consolidating all financial activities for the period—reviewing ledgers, reconciling accounts, verifying transactions, and preparing statements for management.

Consolidated Close Checklists

Automated task tracking and completion

Create and manage comprehensive close checklists with automated task tracking, dependency management, and real-time progress monitoring across teams.
AI-Driven Close

Intelligent automation for close process

Leverage AI to predict close timeline, identify bottlenecks, automate journal entries, and provide intelligent recommendations for faster period close.
Data Consistency Checks

Automated validation across systems

Automatically verify data consistency across all financial systems, detect anomalies, and ensure data integrity before finalizing the close.

Monthly Forecasts

Predict future financial outcomes with AI precision

Monthly forecasting estimates future financial outcomes based on past results, trends, and current data. AI tools automate data aggregation, scenario modelling, and variance analysis.

Scenario Planning

Model multiple financial outcomes

Create and compare multiple financial scenarios (best case, worst case, most likely) with AI-powered modeling and sensitivity analysis.
Rolling Forecasts

Continuously updated projections

Maintain dynamic forecasts that continuously update with new data, providing always-current projections for the next 12-18 months.
Trend Analysis

Historical pattern recognition

Analyze historical data to identify trends, seasonal patterns, and growth trajectories to improve forecast accuracy.

AP Validations

Ensure accurate supplier invoice processing

AP validation ensures supplier invoices, payments, and purchase orders are matched correctly.

Supplier Statement Matching

Reconcile supplier statements automatically

Automatically match supplier statements with AP records to identify discrepancies, missing invoices, and payment status.
Duplicate Invoice Detection

Prevent duplicate payments

Use AI to detect and flag duplicate invoices before payment, preventing overpayment and maintaining vendor relationships.
Three-Way Match

Match PO, receipt, and invoice

Automatically validate that purchase orders, goods receipts, and invoices match before approving payment.

AR Validations

Match customer payments with issued invoices

AR validation matches customer payments and credit notes against issued invoices.

Receipt Matching

Auto-match payments to invoices

Automatically match customer payments to outstanding invoices using AI-powered matching algorithms and payment references.
Under/Overpayment Detection

Identify payment discrepancies

Detect and flag under or overpayments automatically, creating follow-up tasks and maintaining accurate AR aging reports.
Automated Reminders

Smart payment follow-ups

Send automated, personalized payment reminders based on customer payment history and aging schedules.

Payment Setup & Process

Automate payment methods and transaction processing

Payment setup involves establishing payment methods, validating bank info, scheduling payments, and automating transactions.

Bank Setup & Validation

Secure bank account verification

Set up and validate bank accounts with automated verification, ensuring secure payment processing and compliance.
Batch Payment Automation

Process multiple payments efficiently

Automate batch payment processing with scheduling, approval workflows, and multi-currency support.
Compliance & Fraud Detection

Secure payment monitoring

Monitor payments for fraud patterns, ensure regulatory compliance, and maintain audit trails for all transactions.
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