Meridian Capital Partners: AI Financial Automation
The Challenge
Meridian Capital Partners managed portfolios across 12 accounts with a finance team buried in manual reconciliation. Month-end closes stretched to 5 days, errors were common, and compliance reporting was always a scramble. Research by Deloitte Financial Services estimates that manual reconciliation and compliance reporting cost mid-size firms $1.3 million per year in labor and error remediation.
- Manual reconciliation across 12 accounts taking 3 full days each month
- Error rate of 22% in spreadsheet-based tracking requiring costly re-work
- Compliance reporting delays risking regulatory penalties
- Finance team working 60+ hour weeks during close periods
- Scattered financial data across 4 different systems with no single source of truth
The Solution
We deployed a three-phase AI financial automation strategy designed to eliminate manual reconciliation while improving accuracy and compliance.
Financial Audit
Mapped reconciliation workflows across all 12 accounts. Identified data consolidation, matching rules, and exception handling as primary automation targets.
AI Integration
Deployed AI-powered transaction matching across all accounts, automated exception flagging with smart routing, and built real-time reconciliation dashboards.
Process Optimization
Refined matching algorithms using historical correction data, added predictive anomaly detection, and automated compliance report generation. This aligns with Accenture's banking research, which found that AI-powered financial operations can reduce compliance processing time by 40-60% while improving accuracy.
Key Results
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Reconciliation speed improved by 52%, accuracy climbed from 78% to 94%, and month-end close dropped from 5 days to 2 — saving $340K annually.
Technology Used
Frequently Asked Questions
How long did the AI financial automation take to implement?
The full implementation took 10 weeks across 3 phases: financial workflow audit, AI integration and deployment, and process optimization with compliance automation.
How much time does the finance team save?
Reconciliation time was reduced by 52%, and the month-end close went from 5 days to 2 days. The finance team reclaimed approximately 120 hours per month.
Does it work with existing accounting systems?
Yes. The solution integrates with existing ERP, banking platforms, and accounting software via secure APIs. No system replacement is required.
Ready to Transform Your Finance Operations?
Book a free consultation and see how AI automation can slash your close time and improve accuracy.