Product

Every feature built for the close

Remitloom is purpose-built for finance teams who need reconciliation done right, documented, and ready for audit, every single month.

94%

Auto-match rate

3 days

Average close time

60 sec

Onboarding time

Core reconciliation

Match, flag, and close with confidence

The reconciliation engine runs nightly on every connected account. By morning, your team sees a fully categorized match report and a focused exception queue.

Nightly automated matching

Each night, Remitloom pulls transactions from all connected bank feeds and compares them against your chart of accounts. The AI matching engine handles description variations, split postings, and multi-day settlement delays.

Matched items are confirmed instantly. Exceptions are routed to the review queue with a probable cause tag and a suggested GL entry, so your controller starts the day with an action list, not a search mission.

  • Handles timing differences across settlement windows
  • Multi-currency normalization and exchange-rate capture
  • Split-payment and batch-payout reconciliation

Auto-match engine

Configurable matching rules let you define tolerance thresholds, description normalization patterns, and GL account mappings specific to your chart of accounts.

Exception triage

Unmatched items are tagged with one of seven exception categories: timing, duplicate, split, missing entry, coding error, FX variance, or manual review. Each has a suggested action.

Close management

From exception queue to signed-off close package

Remitloom tracks close progress in real time and builds the audit-ready documentation package as you go.

Close checklist

Each month-end generates a close checklist populated with your open reconciliation items. Check off items as exceptions are resolved to track completion percentage in real time.

Multi-reviewer workflow

Assign reconciliation accounts to specific team members. Preparers submit, reviewers approve. Digital sign-offs are timestamped and attached to each closed account workpaper.

Audit-ready package

Export a complete close package: reconciliation workpapers, exception resolution notes, reviewer approvals, and a bank-to-GL tie-out summary. PDF or Excel, ready for auditors.

Reporting and visibility

Always know where your close stands

Close Progress July 2025
Accounts reconciled12 / 14
Exceptions resolved3 open
Estimated close date: July 17, 2025

Live close dashboard

See account-by-account reconciliation status, open exception count, and estimated close date at a glance. Share a read-only dashboard link with your CFO or board so they stop asking for status updates by email.

  • Real-time exception count and category breakdown
  • Estimated close date projection based on current pace
  • Shareable read-only view for CFO or board reporting
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