In short
A 1,200-person manufacturer cut its close from twelve working days to four without adding headcount.
When Maya Okafor joined Halden & Pike as controller, the close took twelve working days and two people spent most of the first week matching supplier invoices to purchase orders.
Starting with payables
The team switched on the Payables agent first. Within a month it was matching 94% of invoices to POs and receipts on its own and sending the rest to a reviewer with the mismatch highlighted.
Then reconciliations
Next came bank reconciliations across eleven accounts in three currencies. The agent now clears matched lines overnight, so the team starts each morning with only the exceptions.
The result
The close finishes on the fourth working day. Maya’s team spends the time it got back on forecasting and supplier terms instead of tick-and-tie.
Kestrel for finance teams
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