The challenge
The finance team spent 5 to 7 days a month manually reconciling hundreds of incoming bank transfers against issued invoices due to incomplete or erroneous payment descriptions in bank statements.
The solution
We designed a workflow in n8n that downloads bank statements daily. An AI agent processes confusing descriptions, infers client or supplier identity by cross-referencing historical data, executes the reconciliation in the ERP, and flags critical discrepancies in Slack.
Tech stack
n8n, Python, FastAPI, Slack API, PostgreSQL
Timeline
6 weeks