Case Study: Big 4 Auditing Firm achieves 4x faster account reconciliation (2 hrs → 30 mins) with AntWorks' Cognitive Machine Reading (CMR)

Accounting Firm Reduces Processing Time from 2 Hours to 30 Minutes

Big 4 Auditing Firm, a leading global professional services organisation, faced lengthy, error-prone manual account reconciliation across thousands of heterogeneous financial classifications, which diverted accountants from client-facing work—especially during peak seasons. To address this, the firm engaged AntWorks and deployed its Cognitive Machine Reading (CMR) solution to automate classification, extraction and reconciliation across P&L statements, balance sheets, ledgers and other financial documents.

AntWorks’ CMR automated end-to-end document verification and reconciliation using AI, machine learning and business rules, with human-in-the-loop exception handling to improve accuracy. The solution doubled employee productivity, cut turnaround from 2 hours to 30 minutes, achieved 100% compliance, reduced reconciliation errors and saved thousands of staff hours that were redeployed to higher-value work, delivering measurable bottom-line benefits.