Case Studies
Reduced accrual time & faster close
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.
Healthcare network saves 90+ monthly hours on accruals
A regional healthcare network with multiple facilities reduced their accrual processing time from 120 hours to just 18 hours per month by completely automating their vendor balance confirmation process. The finance team now completes their close three days earlier than before, allowing for more thorough strategic analysis and reporting.
Manufacturer achieves sub-5-day close with Accruals.ai
A leading industrial manufacturer with $2B in annual revenue shortened their close cycle by 60 hours after adopting Accruals.ai. The platform's immediate processing of thousands of unbilled purchase orders and vendor invoices eliminated traditional bottlenecks that had previously delayed their close process.
Automation of the accrual process
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.
Software company wholly eliminates manual PO reconciliation
A high-growth SaaS company automated their previously manual purchase order reconciliation process, which had required half of an employee’s time. The AI agent now processes and reconciles over 500 POs monthly, automatically generating appropriate journal entries with complete documentation, allowing the employee to focus on strategic finance tasks.
Financial services firm transforms multi-step accrual process
A mid-sized financial services company automated their complex 8-step accrual process that had previously required manual intervention at each stage. Accruals.ai now handles the entire workflow, from initial data gathering to final journal entry creation, with minimal human oversight of hours instead of days.
Increased accuracy
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.
Sponsor-owned SAAS firm reduces audit findings by 95%
A private equity-owned SAAS firm dramatically reduced their accrual-related audit findings by implementing Accruals.ai's automated documentation and verification system. The platform's comprehensive audit trail and automated confirmation process eliminated previous documentation gaps and calculation errors.
Construction company perfects complex multi-entity accruals
A mid-sized construction company with multiple subsidiaries achieved near 100% accuracy in their complex intercompany accruals using Accruals.ai. The system's ability to analyze millions of data points across entities eliminated previous reconciliation issues and ensured perfect alignment of inter-company transactions.
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.
