How to close your books faster with automated reconciliation

This is mock BlogPost.ContentHtml. Replace with DB value on backend integration.

Why close takes so long

Most SMEs run close in spreadsheets: export GL, match bank lines by hand, chase approvals on WhatsApp. Each handoff adds a day. Nexora—s Finance ? Receivables ? Cash & FX flow keeps everything in one ledger so reconciliation is continuous.

—We cut close from 12 days to 3 just by moving bank imports and FX revaluation inside the ERP.— — Finance lead, 80-employee distributor

The 4 automations that matter

• Bank import + matching — CSV/MT940 import, auto-match by amount/reference, flag only exceptions.
• FX revaluation — scheduled fx-revaluation.html run posts unrealized gain/loss.
• Collection tracking — collection-tracking.html nudges overdue invoices before close.
• Audit trail — every journal edit is versioned per AuditTrail.

Implementation checklist

Import COA, map bank accounts, set fiscal year, then run one parallel close. Teams usually need two closes to trust the automation.

What to do next

Start with Finance ? Period Closing and run the workflow stepper. When the trial balance balances, you—re done.