Automated Intercompany Reconciliation with AI Agents
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Managing account reconciliations manually, e.g. for intercompany accounts, is time-consuming and prone to errors, leading to delays in financial reporting and potential compliance issues. Currently, most reconciliation activities take place retrospectively, significantly increasing the time to close a company´s financial statements.
Agentic AI-driven Intelligent Document Processing (IDP) can synchronize intercompany processes and transactions by automating the data flow from document information extraction to automated matching and comprehensive reconciliation reporting. Discover the benefits of leveraging AI Agent-based platforms to enhance your organization's accuracy, efficiency, and human-machine collaboration.
Key Topics Covered:
- Understanding Intercompany Reconciliation Challenges: Explore the common pain points and complexities involved in managing intercompany transactions.
- AI Agent-Based Solutions: Learn how the Hypatos Agentic AI platform automates data extraction, validation, and matching to streamline related Accounts payable and Accounts Receivable transactions between affiliated entities.
- Enhancing Accuracy and Reducing Errors: Discover how Hypatos Agentic AI minimizes manual intervention, ensuring precise and reliable invoice matching outcomes.
- Accelerating Financial Close Cycles: See how automation speeds up the reconciliation process, enabling faster financial reporting and decision-making by combining OtC and PtP automation.
- Real-World Innovation Cases: Hear from EY consultants that work with their clients and Hypatos on this topic implementing our AI-driven solutions to optimize their OtC and PtP processes.
- Live Demonstration: Experience a hands-on demonstration of our Agentic AI platform in action, showcasing its capabilities and user-friendly interface.
- Q&A Session: Engage with our experts to address your specific questions and explore how our solution can be tailored to your needs.
Speakers
Luca van Skyhawk
CRO
Hypatos
Luca van Skyhawk stands at the intersection of finance, technology innovation, and operational process excellence, dedicating over a decade to transforming financial operations through artificial intelligence and automation. His career has been marked by significant contributions to both multinational corporations and innovative startups, notably at Hypatos, where as Chief Revenue Officer, he plays a crucial role in driving growth and strategic partnerships. His efforts have been central to enhancing business processes and efficiency on a global scale.
Andreas Muzzu
Financial Accounting Advisory Services (FAAS) Innovation/Digital Lead
EY
Andreas serves as the Global & EMEIA Finance Optimization Cluster Leader for EY Financial Accounting Advisory Services, where he manages a client-centric team supporting CFOs and their finance functions in all aspects of controllership and financial planning and analysis (FP&A) with a strong emphasis on process improvement and digital enablement. Since the CFO´s role is developing into a more value-oriented task, Andreas firmly believes that mid-term digitalization, automation, data and process analytics, and systems improvement lie at the heart of an organization's finance transformation journey. Andreas himself is currently heavily involved in enhancing proprietary EY solutions and third-party software in finance with (Gen) AI technologies. Andreas is a regular speaker on Finance optimization topics at various client events and universities.
Vish Dhingra
Partner, Financial Accounting Advisory Services
EY
Vish Dhingra is a Partner at EY’s Financial Accounting Advisory Services (FAAS) practice with more than twenty years of experience. He leads several global client engagements delivering finance optimization, managed service and financial reporting solutions. Vish is also the Global FAAS Transformation leader and leads the global FAAS Centre of Excellence (CoE) working with our global clients across Americas and Europe and has held several Leadership positions in US, UK, and India over last 15 years and has been involved in leading several global initiatives. He is a Chartered Accountant from the Institute of Chartered Accountants of India (ICAI) and a Bachelors in Commerce from Shri Ram College of Commerce (SRCC). Before joining EY, Vish worked with EXL and KPMG in India, Germany, UK and US.
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