Transaction Matching Assistance for Predicting Matches with AI

Transaction Matching Assistance uses Artificial Intelligence (AI) to predict matches in Transaction Matching by using a prediction model that is trained using your historical manual match data. Users have the option to review the predicted matches and confirm or discard them.

A confidence score is provided for each predicted match. Higher confidence scores indicate that the predicted matches are more reliable. The confidence score helps users prioritize and make informed decisions about manual matches.

Business Benefit: In addition to an enhanced user experience, this feature provides the following benefits:

  • Reduces time and effort spent on manual matching
    A majority of the loaded transactions are matched using Auto Match, with only the exceptions needing to be manually matched. Predicting potential matches for unmatched transactions further reduces time and effort spent on manual matching, thereby speeding up the period-end close process.
  • Improves accuracy and enhances the overall efficiency of manual matching
    Data-driven predictions that are based on proven patterns leads to more accurate and consistent predicted matches

Steps to enable and configure

The Enable Predictive AI configuration setting must be selected to use Transaction Matching Assistance.

Key resources