Kognitos
Netsuite

Automate Financial Close and Reconciliation in NetSuite.

Eliminate manual journal entries and month-end scrambles. Kognitos automates NetSuite reconciliations, intercompany transactions, and AP workflows using business logic your finance team can read.

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English as Code

Describe It in English.
It Runs Deterministically.

Overview

Automatically match incoming bank transactions against open invoices in NetSuite, post reconciled entries, flag exceptions for review, and generate a close-ready summary for the controller.

Execution Steps

1

Import Bank Transactions

  • Pull the daily bank feed and parse each transaction line
  • Match each deposit or withdrawal to open AR/AP invoices by amount and reference
2

Reconcile and Post

  • Auto-apply payments to matched invoices and mark them cleared
  • Create adjustment journal entries for bank fees and small variances within tolerance
3

Generate Close Report

  • Compile a reconciliation summary with matched, unmatched, and exception items
  • Email the report to the controller with drill-down links into NetSuite
Use Cases

Enterprise
Use Cases

Bank Reconciliation

Automatically reconcile daily bank feeds against NetSuite AR/AP transactions and flag unmatched items for review.

Accelerated Month-End Close

Automate accruals, intercompany eliminations, and trial balance checks to cut days off your financial close cycle.

Vendor Payment Automation

Match vendor invoices to POs, validate terms and amounts, and schedule payments in NetSuite without manual AP intervention.

FAQs

Frequently asked
questions.

Kognitos is a leading US-based artificial intelligence platform designed to transform how businesses operate by automating repetitive tasks and enhancing efficiency. Our AI automation platform allows users to automate complex business processes simply by communicating their goals in plain English. Leveraging advanced technologies like a proprietary LLM-based interpreter, Intelligent Document Processing (IDP), Optical Character Recognition (OCR), and Natural Language Processing (NLP), Kognitos enhances productivity, speed, and accuracy. Unlike traditional automation solutions that require complex coding, Kognitos offers unparalleled adaptability and scalability, empowering businesses to streamline workflows and eliminate manual tasks without extensive technical knowledge.

Process automation refers to the use of technology to automate repetitive, manual tasks within a business or organization. The goal is to streamline and optimize workflows, increase efficiency, reduce errors, and save time and resources. This can be achieved through the implementation of various technologies, such as RPA, Workflow Automation, Machine Learning and Artificial Intelligence.

Security is a core principle of Kognitos' architecture, built on state-of-the-art cloud services with strong security foundations. Critical business processes run on the Kognitos platform, and we prioritize the security of both the processes and their data. Kognitos employs serverless, cloud-based services with the principle of least privilege access. For example, a service without a need to access a database does not have access to it. Kognitos has achieved the SOC 2 Type II certification for our best-in-class security controls and compliance with the AICPA's Trust Services Criteria. Learn more

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