Bank Reconciliation – 95% Auto-Match Rate
OCTA automates bank reconciliation with 95% auto-match accuracy. Real-time transaction matching across all bank accounts, entities, and currencies. Eliminate manual reconciliation work.
How OCTA automates reconciliation
- Real-time matching of bank transactions to invoices and bills as money moves
- 95% auto-match rate, with intelligent handling of partial payments and overpayments
- Coverage across all bank accounts, multiple entities, and multiple currencies
- Exceptions surfaced for quick review instead of line-by-line manual matching
- Balances synced back to your accounting software automatically
Why it matters
Month-end reconciliation is one of the most time-consuming finance tasks. By matching transactions automatically and flagging only the exceptions, OCTA removes the manual work, closes the books faster, and keeps your ledger accurate in real time.
How reconciliation works in OCTA
Connect your bank accounts and accounting software once, and OCTA begins matching in the background. Each incoming bank transaction is compared against open invoices, bills, and expected payments using amount, reference, counterparty, and timing signals. Clean matches are posted automatically; anything ambiguous — a partial payment, a bundled transfer covering several invoices, a bank fee netted off a receipt — lands in an exceptions queue with OCTA's suggested match attached, so a reviewer confirms in one click instead of hunting through statements.
Built for multi-entity, multi-currency finance teams
Companies running several legal entities or currencies feel reconciliation pain the hardest: separate bank portals, FX differences, and intercompany transfers that never quite line up. OCTA reconciles across 200+ bank connections and all your entities from one dashboard, applies the correct exchange rates for foreign-currency receipts, and keeps a complete audit trail of every match, adjustment, and reviewer approval — evidence your auditors can pull on demand. Teams that used to lose the first week of every month to reconciliation typically get it back within the first close after switching on OCTA.