Efficiency: compliance & close
Fewer new hires needed with Al automation ($100K+ saved)
After a few months of using WiseLayer’s AI automation, a fast-growing client decided that due to their newly increased bandwidth, they no longer needed to hire an additional financial analyst for which they previously budgeted.
Expedited close of books
WiseLayer’s AI identified key issues the moment they were entered into any system (which were previously only noticed at month-end/audits). These included: improper classifications, accrual requirements, budget overruns, data-entry issues and more.
Avoided delay in payroll
WiseLayer’s AI automatically identified a payroll account that was below the amount required to successfully cover bi-monthly payroll for a department of the company. The client was alerted, the oversight was fixed immediately, and payroll was successful.
Customer Stories
Angela, AI agent for Accruals
Large tech firm cuts close time by three days
A unicorn technology company reduced their monthly close process from 8 days to 5 days after implementing Accruals.ai. Our AI Agent processed over 50,000 monthly transactions, allowing their finance team to re-allocate 60 ‘staff hours’ per month to higher-value activities.
National retailer automates 95% of recurring accrual emails
A national retail chain eliminated 200+ manual email correspondences per month by implementing Accruals.ai's automated confirmation system. The AI agent now handles all communication with vendors and internal stakeholders, automatically updating journal entries based on responses.
Consumer goods company achieves near zero accrual errors
A consumer packaged goods company eliminated accrual errors that had previously resulted in quarterly adjustments averaging $200,000. The AI agent's comprehensive analysis of historical data and real-time updates ensures complete accuracy across all accrual categories.
Dennis, AI agent for Discrepancies
$170,000+ increase to client's ARR
WiseLayer’s AI integrated with the client's existing ERP & CRM to identify invoicing discrepancies. It ensured every invoice was for the full and proper amount, accurately reflected the contract terms, and had been sent out in a timely manner.
$46,000+ in under-invoiced fees flagged
WiseLayer’s AI identified a temporary discount that the billing department accidentally kept on the invoice well past its intended expiration, via human error. These funds were recovered.
$236,000+ in recurring invoices flagged as not-yet-sent
WiseLayer’s AI flagged multiple recurring invoices as not having been sent out on time. Given the large scale of invoices, the client was not aware of this and WiseLayer’s alerts allowed the client to send them out only days after expected.
Efficiencies & more
Fewer new hires needed ($100K+ saved)
After a few months of using WiseLayer’s AI automation, a fast-growing client decided that due to their newly increased bandwidth, they no longer needed to hire an additional financial analyst for which they previously budgeted.
$37,000+ duplicate charges caught
WiseLayer’s AI identified multiple instances of bills containing duplicate line items that were already paid on previous bills. The vendor refunded these accidental overcharges.
$24,000+ payment issues caught & resolved early
WiseLayer’s AI found many instances where a vendor had duplicate profiles in the client’s ERP. This caused a duplicate payment that was about to be sent out. WiseLayer caught this issue early.
