Naarvin's Close AI prepares the month-end close as the data arrives: bank lines matched, accruals and prepaids proposed, recurring journals checked and every step of the checklist tracked with an owner and a date. Your team reviews what does not agree and approves the entries. A month is signed off only when the automatic checks pass.
What does AI do in the month-end close?
- Match the bankBank lines are matched to the books for every account and company, and each difference is flagged.
- Propose accruals and prepaidsCosts and income are proposed for the right month, and advance payments are spread over the months they cover.
- Check recurring journalsEach month the agents check that no recurring entry is missed or posted twice.
- Review the booksPosted entries are checked for errors, duplicates and unusual patterns before the numbers are reported.
- Track the checklistEvery close step has an owner and a date, and the month cannot be signed off while a check fails.
What is left for the finance team?
Decisions. The team resolves differences the agents could not match, approves or changes the proposed entries, explains large movements and signs off. Entries are approved by amount and no one approves their own.
Does it handle a group close?
Yes. Each company closes in its own books and currency; intercompany balances are reconciled across companies, and the group view shows which company is ready and which is holding the close. See Faster month-end close.
Questions people ask
How much faster is the close?
It depends on where the time goes today. The agents remove the matching, rebuilding and chasing; the reviewing and deciding stay with your team.
Does it need our bank to connect?
No. Bank statements can be uploaded as files or picked up from a folder, as well as read from the ledger.
Who signs off the month?
A person with that authority, and only when the automatic checks pass.
Does it work for one company?
Yes. A single company gets the same matching, proposals and checklist.