From journal entry validation to close package assembly — Lumi agents reconcile accounts, detect anomalies, automate accruals, and generate audit-ready close documentation on schedule.
Month‑end close is multi‑faceted. Lumi orchestrates it seamlessly.
Financial close requires coordinating across sub-ledgers, intercompany transactions, accruals, and compliance requirements. Lumi agents reason through accounting rules and GL structures — not just matching numbers.
200+
Reconciliations automated per close
Journal Entry Validation
Validates journal entries against accounting policies, historical patterns, and authorization rules — flagging anomalies before posting.
<2s per entry
Account Reconciliation
Reconciles sub-ledger to GL balances across hundreds of accounts — identifying variances and auto-generating adjustment entries.
Full GL coverage
Intercompany Elimination
Matches and eliminates intercompany transactions across entities — resolving variances and generating elimination entries automatically.
Multi-entity
Accrual Management
Calculates and validates month-end accruals — comparing estimates to actuals and recommending adjustments based on historical accuracy.
Smart estimates
Flux Analysis
Performs period-over-period and budget-vs-actual variance analysis — generating explanations for material fluctuations automatically.
Auto-commentary
Close Package Assembly
Compiles audit-ready close packages with reconciliations, journal entries, management reports, and supporting documentation.
SOX-ready
The Challenge
Financial close is a monthly marathon
Accounting teams work overtime to reconcile accounts, chase intercompany variances, and assemble close packages. Manual processes create bottlenecks, errors slip through, and close timelines keep stretching.
Today
Manual reconciliation, deadline pressure
Accounts reconciled manually in spreadsheets each period
Intercompany variances chased through email chains
Accruals estimated without historical accuracy tracking
Journal entries reviewed one-by-one for compliance
With Lumi
Automated, accurate, and always on time
AI agents reconcile hundreds of accounts simultaneously
Intercompany eliminations matched and resolved automatically
Accruals computed using historical accuracy patterns
Journal entries validated against policies in real time
How It Works
A four-stage close pipeline
Lumi agents process each close cycle through a structured pipeline — collecting data, reconciling accounts, analyzing variances, and assembling audit-ready packages.
1
Data Collection
Sub-ledger data, journal entries, and intercompany transactions consolidated and validated
2
Reconciliation
AI reconciles accounts, resolves variances, and generates adjustment entries
3
Review & Analysis
Flux analysis, accrual validation, and management review completed
4
Package Assembly
Audit-ready close package compiled with all supporting documentation
Agents at Work
Specialized agents for every close task
A coordinated team of AI agents — each handling a distinct financial close function — working together to close the books faster and with full compliance.
Journal Validator
Validates journal entries against accounting policies, authorization matrices, and historical patterns — flagging unusual entries and policy violations before posting.
Reconciliation Engine
Reconciles sub-ledger to GL balances across hundreds of accounts simultaneously — identifying variances, matching transactions, and generating adjustments.
Intercompany Resolver
Matches intercompany transactions across entities, identifies unmatched items, resolves variances, and generates elimination entries for consolidation.
Accrual Calculator
Computes month-end accruals using historical patterns, contractual terms, and operational data — tracking estimate-to-actual accuracy over time.
Flux Analyzer
Performs comprehensive variance analysis — period-over-period, budget-vs-actual, and forecast-vs-actual — generating narrative commentary for material fluctuations.
Package Compiler
Assembles complete close packages — trial balances, reconciliations, journal entry support, management reports — formatted for audit and SOX compliance.
Use Cases
Where Lumi excels
Built for the operational complexity of financial close — not generic task automation.
01
Month-End Close Acceleration
Automate the end-to-end close process — from sub-ledger reconciliation to close package assembly — cutting close timelines by 50% or more.
02
Continuous Close Monitoring
Monitor close task completion in real time with automated status tracking, bottleneck identification, and escalation for overdue items.
03
Audit Readiness
Maintain continuous audit readiness with automated reconciliations, policy compliance checks, and pre-assembled documentation packages.
04
SOX Compliance Automation
Automate SOX control testing, evidence collection, and deficiency reporting — ensuring compliance without manual effort.
See it in action
Walk through the full financial close pipeline — from journal validation to close package assembly — in our interactive demo environment.
