IFS Loops: Reconciliation Manager Digital Worker

Not every balance sheet account is equally hard to prove

Accounts payable and receivable have a subledger behind them, an itemized list that can be reported and tied, which is why that work is largely automated already. Accruals, provisions, suspense and clearing, and contract balances have no such list. The balance is a bare number, and proving what it is made of means reconstructing it from journal entries with free-text descriptions, period after period. That work still runs on spreadsheets and email, and it is the work an auditor asks about first. The IFS Loops Reconciliation Manager Digital Worker takes it on.

Rules clear the unambiguous matches first, so every match can be explained. Items that need judgment reach a person with the reasoning shown, and for accounts with no subledger, the worker reconstructs what the balance is made of from the entries behind it. Supplier statements are read directly from the PDF, and nothing is written back to IFS Cloud without a person approving it.

This datasheet explains how Reconciliation Manager proves the accounts that have no subledger, turns preparing into reviewing, and captures audit evidence as the work happens.

Download the datasheet to see how each account type is reconciled and where your team keeps the final say.