Record to Report - JIFFY.ai

Faster periodic close cycles

JIFFY.ai's AI-powered Record-to-Report HyperApp allows Finance & Accounting (F&A) teams to close accounts faster, ensure data integrity, and generate accurate reports. Its configurable modules cater to diverse F&A reporting needs, with rapid customizations available. The eClose-as-a-Service model ensures smooth adoption and scalability. Built on JIFFY.ai’s industry-first AI-integrated unified autonomous finance platform, the HyperApp offers key features, including:

Ad Trafficking and Line Mapping Management

Data Cleansing

Enhance data accuracy and integrity with intelligent cleansing. Transform unstructured data, such as bank statements, into streamlined inputs for reconciliation.

Rules Engine

Achieve over 95% auto-reconciliation with a configurable matching rules engine.

GenAI Recommendations

Utilize GenAI-driven recommendations for exception handling and complex matching scenarios, including one-to-many and many-to-many.

Certification

Leverage reconciliation templates, perform auto-certification, and customize workflows for faster process visibility.

Intelligent eClose

Monitor periodic activities across geographies and teams, track due dates at each level, and manage SLAs with customers.

Advanced Analytics

Access insights through intelligent comparisons, open items/suspense analysis, write-off/value-at-risk assessments, and text analytics on open items.

The JIFFY.ai Impact

Top FTSE 100 firm achieves faster financial close

Our client struggled with financial close inefficiencies due to manual journal entries and transaction matching, which caused rework and reporting delays. Our AI-integrated solution optimized journaling, reconciliation, and analytics, reducing monthly close processes by two workdays and reconciliation timelines by ten. With 90% touchless report processing, the cycle time was cut by five days.