Kognitos

Streamline Multi-Subsidiary Operations in Oracle NetSuite.

Managing multiple subsidiaries in NetSuite is complex. Kognitos automates intercompany transactions, consolidated reporting, and revenue recognition without custom SuiteScripts.

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English as Code

Describe It in English.
It Runs Deterministically.

Overview

Automatically generate intercompany journal entries across NetSuite subsidiaries, eliminate duplicates, reconcile balances, and produce a consolidated financial package for the CFO.

Execution Steps

1

Identify Intercompany Transactions

  • Scan NetSuite for transactions between subsidiary accounts during the period
  • Match offsetting entries and flag any that lack a counterpart
2

Auto-Generate Eliminations

  • Create intercompany elimination journal entries for each matched pair
  • Apply the correct exchange rates for foreign-currency subsidiaries
3

Produce Consolidated Report

  • Roll up subsidiary trial balances after eliminations into a single view
  • Distribute the consolidated financial package to the CFO and auditors
Use Cases

Enterprise
Use Cases

Revenue Recognition Automation

Apply ASC 606 rules automatically — identify performance obligations, allocate transaction prices, and recognize revenue on schedule in NetSuite.

Multi-Subsidiary Consolidation

Automate trial balance rollups, intercompany eliminations, and currency translations across all NetSuite subsidiaries.

Automated Billing Schedules

Generate and send recurring invoices from NetSuite based on contract terms, escalation clauses, and milestone completions.

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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