Agentic CFO suite
LiveIRA matches bank, ledger and documents line by line
IRA, IRAME's agentic AI, matches bank statements to the ledger, sub-ledgers to the GL, and documents to each other, such as contracts to bills of quantity. Each difference goes to an owner.
Reconciliation
Bank to ledger
Who it is for
Your team works the differences, not the matching.
L2 · Second line
Controller
Every open reconciling item, its owner and its age.
L1 · First line
Close and accounting teams
Matching runs on every line. Your team works only the differences.
L1 · First line
Project and contract finance
Contracts, letters of award and bills of quantity read and matched to each other.
What it tests
Examples across bank reconciliation, journal testing, reconciliation review and the close.
| Control | Example of an exception |
|---|---|
| Bank reconciliation | A bank debit with no matching ledger entry. |
| Sub-ledger to GL | The AP sub-ledger total differs from the GL control account. |
| Intercompany | An intercompany balance booked by one entity, missing in the other. |
| Contract, LoA and BoQ | A BoQ quantity that differs from the letter of award. |
| Journal testing | A manual journal posted to a suspense account and never cleared. |
| Reconciliation review | A reconciliation reviewed by its preparer. |
| Close | Reconciling items open past your aging limit at period end. |
How it runs
Each run follows the same five steps, from connecting the data to closing the last exception.
- 01
Connect the sources
IRAME reads bank statements, ledgers and sub-ledgers, plus contracts, BoQs and LoAs as PDFs or scans.
- 02
Set the match rules
Tell IRA which fields to match and the tolerance for each. IRA saves the rules.
- 03
Match every line
IRA matches every line across the sources. Same data, same result, every time.
- 04
Assign the differences
Each unmatched item goes to an owner with both sides attached.
- 05
Close the period
Owners clear or explain each item. The record shows who and when.
Step 01 of 05 · Connect the sources
Connect
Your data sources
- Bank statements
- Ledgers
- Sub-ledgers
- Contracts, BoQs and LoAs
IRAME
WaitingReadingCustomer story
Each contract matched to its bill of quantity and letter of award. Verification about 98% faster.
FAQ
Short answers to what buyers ask us most.
What can IRAME reconcile?
IRAME reconciles bank to ledger, sub-ledgers to the GL and intercompany balances, plus documents such as contracts, bills of quantity and letters of award.
Does IRAME post adjusting entries?
IRAME never posts entries. IRA matches, flags each difference and sends it to an owner, who clears or explains it.
Does IRAME include journal entry testing?
IRAME tests every journal in the period against your rules as part of the close. Flagged journals go to the preparer, entry attached.
What results has IRAME delivered on document reconciliation?
IRAME matched more than 700 contracts to their bills of quantity and letters of award for an EPC contractor. Verification was about 98% faster.
Related terms, comparisons and pages
Stop sampling. Let IRA test everything.
Bring one process. In 30 minutes we show you the exceptions IRA finds and the evidence behind each one.