Account Reconciliation

 Account Reconciliation

Account Reconciliation Software - Beyond ERP & Excel

Automate balance sheet reconciliations without spreadsheets or ERP customization. Taxilla delivers continuous, audit-ready account reconciliations across entities and ERPs-bringing control, visibility, and speed to month-end close. Unlike ERP-native tools, Taxilla is purpose-built for high-volume, multi-entity reconciliation at scale.

The Challenge

ERP Reconciliation Was Never Built for Control

Despite modern ERPs, most finance teams still rely on Excel to reconcile balance sheet accounts-creating risk, delays, and audit pressure.

Spreadsheet Dependency
challenge1

Critical reconciliations live in emails, folders, and personal drives with no governance.

Manual Matching & Explanations
challenge2

Teams manually explain balances every month-even when nothing has changed.

Limited ERP Reconciliation Capability
challenge3

ERP modules lack standardized templates, workflows, and evidence management.

Delayed Issue Detection
challenge4

Breaks are discovered days before close, forcing rushed adjustments.

Audit & Compliance Risk
challenge4

Missing documentation, inconsistent sign-offs, and weak audit trails increase scrutiny.

Solution Overview

Built for Financial Close - Not Just Documentation

Taxilla automates end-to-end account reconciliation as a core pillar of the Financial Close Suite. It acts as a centralized reconciliation sub-ledger that governs preparation, review, approval, and certification of every balance sheet account.

How it Works

Prepare → Match → Explain → Review → Approve → Certify

Fully Automated End-to-End Process

Configure

Standardize Reconciliation Templates

Define account-specific reconciliation formats for Bank, AR/AP, Accruals, Prepaids, Intercompany, and Suspense accounts.

Ingest & Transform Data

Auto-Populate Balances & Activity

Pull GL balances and sub-ledger details directly from SAP, Oracle, NetSuite, or Dynamics-no manual uploads.

Run the Driver-Based Allocation Engine

Automated & AI-Assisted Matching

System auto-matches transactions and flags exceptions for review, reducing manual effort.

Review & Approve

Review, Approve & Certify

Role-based workflows ensure preparer, reviewer, and approver sign-off with full audit traceability.

Post & Integrate

Close-Ready Reporting

Track reconciliation status, aging, exceptions, and certifications in real time.

Key Benefits

Tangible Outcomes for Your Finance Team

50-70% Reduction in Reconciliation Effort

Automated matching and standardized templates eliminate repetitive manual work.

Faster Month-End Close

Issues are identified continuously-not at the last minute.

Audit-Ready by Design

Evidence, explanations, approvals, and certifications are always available.

Single Source of Truth

No more version control issues across Excel files and emails.

Stronger Financial Controls & Reduced Risk

Enforced workflows, segregation of duties, and standardized certifications strengthen SOX compliance and reduce operational and audit risk.

Scales Across Entities & ERPs

Designed for shared services, GBS models, and global finance teams.

Module Capabilities

Features Deep-Dive

Driver-Based Cost Allocation Engine

Account-Type Based Templates

Bank, AR/AP, Accruals, Prepaids, Fixed Assets, Intercompany, Suspense.

Rule-Based Allocation Framework

Automated Balance Roll-Forward

Carry forward prior reconciliations and explanations automatically.

Intercompany Chargeback & Billing Automation

AI-Assisted Transaction Matching

Reduce manual line-by-line comparison.

Multi-Layer Workflow Collaboration

Evidence & Attachment Management

Attach statements, schedules, contracts, and calculations directly.

Multi-Layer Workflow Collaboration

Workflow-Driven Controls

Enforced segregation of duties with preparer, reviewer, approver roles.

Multi-Layer Workflow Collaboration

Certification & Compliance Controls

Period-end certifications aligned with audit requirements.

This transforms reconciliations from a manual checklist into a governed financial control process.
Technology Advantage

Engineered For Enterprise Scale

  • ERP-Agnostic Architecture

    ERP-Agnostic Architecture

    Works across SAP, Oracle, NetSuite, Dynamics, and hybrid landscapes.

  • Continuous Processing Model

    Continuous Reconciliation Model

    Supports continuous close-not just month-end fire drills.

  • Unified Intercompany Sub-Ledger

    Unified Reconciliation Sub-Ledger

    Centralized data model across all entities and accounts.

  • No Spreadsheets. No Custom ERP Code

    Integrated Close Task Management

    Reconciliations are natively linked to close tasks, ownership, dependencies, and approvals-providing real-time visibility into close progress and bottlenecks.

TechnologyAdvantage
Integrations

Seamless Integrated Across Your Ecosystem

Taxilla integrates with:

ERPs

ERPs

Operational Sources

Operational Sources
Industry Use cases

Trusted By Global Shared Services

Automated shared services chargebacks across 30+ legal entities, reducing disputes by 80% and accelerating close by 5 days.

Global Shared Services Center

Standardized 2,000+ balance sheet reconciliations, reducing close effort by 60%.

Retail & Consumer Goods

Automated bank, AR, and accrual reconciliations across regions-cutting close by 4 days.

Manufacturing Enterprise

Improved audit outcomes with centralized evidence and certification workflows.

Technology & SaaS Company

Enabled continuous reconciliation across entities supporting rapid monthly closes.

Pricing & Plans

Transparent Pricing for Every Stage of Growth

Taxilla pricing scales based on reconciliation volume, account complexity, and number of legal entities, ensuring you pay only for what you use—without hidden costs.

Essentials

Mid-market companies

  • Up to 5 entities
  • Up to 500 Balance Sheet Accounts
  • Standard Account type Reconciliation Templates
  • Basic rules Automated Matching
  • Standard Workflow & Approvals
  • Limited Evidence & Documentation
  • Basic Analytics & Dashboards
  • Email support
  • Close Task Integration
  • Multi-currency & FX variance engine
  • AI Assisted Insights
Request a Quote

Enterprise

Large global enterprises

  • Up to 40+ entities
  • Unlimited Balance Sheet Accounts
  • Fully configurable Reconciliation Templates
  • AI-assisted matching Automated Matching
  • Multi-level & threshold-based Workflow & Approvals
  • Centralized audit repository Evidence & Documentation
  • Executive-level Analytics & Dashboards
  • Dedicated CSM support
  • Close Task Integration
  • Multi-currency & FX variance engine
  • AI Assisted Insights
Request a Quote
FAQ's

Frequently Asked Questions

Does this replace ERP reconciliation modules?
No. Taxilla does not replace your ERP. It acts as a specialized reconciliation and control layer that sits on top of SAP, Oracle, NetSuite, or Dynamics. Your ERP remains the system of record, while Taxilla standardizes reconciliations, workflows, approvals, and audit evidence-capabilities ERPs are not designed to handle at scale.
Can this replace Excel-based reconciliations?
Yes. Taxilla fully eliminates spreadsheet-driven reconciliations by centralizing templates, balances, explanations, and supporting documents in a controlled system. This removes version-control issues, manual errors, and dependency on individual files or users.
Is this solution audit-ready?
Absolutely. Every reconciliation includes clear explanations, supporting evidence, review and approval sign-offs, and time-stamped audit trails. Auditors can access reconciliations directly, reducing audit queries, rework, and reliance on offline documentation.
Can reconciliations run continuously, or only at month-end?
Reconciliations can be performed continuously throughout the accounting period, not just at month-end. This allows finance teams to identify and resolve breaks early, significantly reducing last-minute pressure during close.
Does it support shared services and GBS operating models?
Yes. Taxilla is designed for Shared Services Centers (SSC) and Global Business Services (GBS), supporting centralized preparation, distributed reviews, clear ownership, and standardized controls across multiple entities and geographies.
How long does implementation typically take?
Account Reconciliation implementations usually take 4-6 weeks, depending on the number of accounts, entities, and ERP integrations. Most customers start with a phased rollout and expand coverage quickly.

Move beyond spreadsheets and ERP limitations.

Please fill your details. One of our specialists will get in touch with you.

We value your privacy and will never share your personal information with third parties. For more details, see our Privacy Policy.