Automated Bank Reconciliation Software
Era's AI-powered bank reconciliation matches 95%+ of transactions automatically. Close faster with real-time bank feeds, smart rule builder, and duplicate detection. Reconcile in minutes, not hours.
Calculate Your Time Savings
Manual bank reconciliation is a massive time sink. Era's automation saves 85-90% of reconciliation time, freeing your team for higher-value work.
| Business Size | Manual Process | With Era | Time Savings | Annual Value* |
|---|---|---|---|---|
| Small Business (1-2 bank accounts) | 4-6 hours/month | 30 minutes/month | 88% time savings | $3,600 - $5,400 |
| Growing Startup (3-5 accounts) | 12-16 hours/month | 1-2 hours/month | 90% time savings | $9,900 - $13,200 |
| Mid-Market (10+ accounts) | 40-60 hours/month | 4-6 hours/month | 90% time savings | $32,400 - $48,600 |
| Enterprise (50+ accounts, multi-entity) | 200+ hours/month | 20-30 hours/month | 85% time savings | $162,000 - $243,000 |
* Based on $75/hour fully-loaded cost for accounting staff
Complete Bank Reconciliation Automation
AI Auto-Matching
95%+ of bank transactions matched automatically. AI learns from your patterns to improve matching accuracy over time. Handles exact matches, fuzzy matches, and many-to-one scenarios.
Smart Rule Builder
Create matching rules based on amount, description, vendor, date range, or any combination. Rules auto-categorize and match recurring transactions like rent, payroll, subscriptions.
Real-Time Bank Feeds
Direct integration with 10,000+ banks via Plaid. Transactions sync automatically—no CSV uploads. Get notified of new transactions within minutes.
One-Click Reconciliation
Review AI suggestions, approve matches in bulk, and close reconciliation in minutes instead of hours. Exceptions surface automatically for your review.
Duplicate Detection
AI identifies potential duplicate transactions across systems (bank feeds, credit cards, AP automation). Prevents double-posting and maintains data integrity.
Multi-Account Support
Reconcile unlimited bank accounts, credit cards, and cash accounts. Consolidated dashboard shows status across all accounts at a glance.
Continuous Reconciliation
Reconcile daily instead of monthly. Catch errors immediately instead of weeks later. Always know your true cash position in real-time.
Audit Trail & Compliance
Complete history of all matches, rule changes, and manual adjustments. SOC 2 compliant with role-based access controls and approval workflows.
Exception Management
Unmatched transactions are flagged with suggested actions. AI provides reasons for non-matches and recommends fixes (missing invoices, timing differences, etc.).
Reconciliation Analytics
Track reconciliation metrics: match rate, time to reconcile, outstanding items, aging. Identify bottlenecks and optimize your close process.
Bank-Level Security
Encrypted connections, read-only bank access, multi-factor authentication. Your credentials are never stored—Era uses OAuth tokens.
Collaborative Workflow
Assign unmatched items to team members, add comments, attach supporting documents. Complete reconciliation workflow built in.
How Automated Reconciliation Works
1. Connect Banks
Link your bank accounts, credit cards, and payment processors via secure OAuth. Era supports 10,000+ financial institutions through Plaid and direct integrations.
2. Set Up Rules
Create matching rules for recurring transactions: rent, payroll, subscriptions, vendor payments. Rules auto-categorize and match future transactions.
3. AI Auto-Matches
Era imports new transactions and applies AI matching. 95%+ of transactions are matched automatically based on rules and learned patterns.
4. Review Exceptions
Review unmatched transactions flagged by AI. Era suggests potential matches and reasons for non-matches. Accept suggestions or create manual matches.
5. Approve & Close
Review reconciliation summary, approve matches in bulk, and mark account reconciled. Generate reconciliation report with full audit trail.
Total Time: 5-10 Minutes Daily
After initial setup, daily reconciliation takes just 5-10 minutes to review AI matches and handle exceptions. Compare to 2-6 hours of manual reconciliation at month-end.
Common Reconciliation Challenges Era Solves
Manual CSV Imports
The Problem:
Download bank statements, import CSVs, fix formatting errors. Time-consuming and error-prone.
Era's Solution:
Real-time bank feeds with automatic sync. No more CSV wrestling.
Timing Differences
The Problem:
Checks not yet cleared, ACH delays, credit card processing lag. Hard to track and reconcile.
Era's Solution:
AI identifies timing differences and creates reconciling items automatically. Suggests expected clear dates based on historical patterns.
Many-to-One Matching
The Problem:
One bank deposit matches multiple invoices. Manual matching is tedious.
Era's Solution:
AI automatically matches bulk payments to multiple invoices. Handles payment aggregators like Stripe with ease.
Missing Information
The Problem:
Bank descriptions are cryptic. Hard to identify vendors and categories.
Era's Solution:
AI enriches transactions with vendor names, categories, and suggested accounts. Learns from your corrections.
Duplicate Transactions
The Problem:
Same transaction appears in bank feed and AP system. Easy to double-post.
Era's Solution:
Duplicate detection across all sources prevents double-counting. Highlights potential duplicates for review.
Uncashed Checks
The Problem:
Old outstanding checks clutter reconciliation. Hard to know when to void.
Era's Solution:
Aging reports show checks outstanding >90 days. One-click void for stale checks with proper journal entries.
AI Matching Intelligence
How Era's AI Achieves 95%+ Auto-Match Rates
Exact Matching
- • Amount and date match within 1-2 days
- • Vendor name matches (fuzzy matching for typos)
- • Check number or reference number match
- • Invoice number embedded in description
Intelligent Matching
- • Recognizes recurring payments (rent, payroll)
- • Handles partial payments and prepayments
- • Matches net amounts after fees (Stripe, PayPal)
- • Learns from your manual matches
Many-to-One Matching
- • Multiple invoices to one payment
- • Batch payments and ACH consolidation
- • Stripe/PayPal aggregated deposits
- • Customer prepayments applied to invoices
Context-Aware Matching
- • Considers timing patterns (ACH 2-3 days, checks 5-7 days)
- • Understands payment processor fees and adjustments
- • Recognizes refunds and reversals
- • Accounts for FX rate differences in multi-currency
Smart Rule Builder
Create Rules in Plain English
Example 1: "When description contains 'STRIPE' and amount > $100, categorize as Customer Payment to AR account"
Result: All Stripe deposits automatically matched to customer invoices
Example 2: "When description contains 'LANDLORD LLC' and amount = $8,500, match to Rent Expense recurring monthly"
Result: Monthly rent automatically categorized and matched
Example 3: "When vendor = 'Gusto' and description contains 'PAYROLL', match to Payroll Expense and split by department"
Result: Payroll automatically categorized with department allocations
Condition Types
- • Amount (exact, range, greater/less than)
- • Description (contains, starts with, regex)
- • Vendor name
- • Date range or recurring pattern
- • Account or category
Actions
- • Auto-match to specific transaction
- • Categorize to GL account
- • Create journal entry
- • Assign to team member
- • Flag for review
Rule Priority
- • Drag-and-drop rule ordering
- • Most specific rules run first
- • Override default matching logic
- • Test rules before activating
- • View rule performance metrics
Connect to 10,000+ Financial Institutions
Banks & Credit Cards
Payment Processors
Corporate Cards
International Banks
Frequently Asked Questions
How does Era achieve 95%+ auto-match rates when other tools struggle to reach 70%?
Era uses advanced AI that goes beyond simple exact matching. Our system performs fuzzy matching (handles typos and variations), many-to-one matching (one payment to multiple invoices), learns from your manual matches, and understands context like payment processor fees and timing patterns. Traditional reconciliation tools rely on exact amount and date matches, which fail for partial payments, net amounts, and timing differences. Era's AI handles these complex scenarios automatically.
Is my bank data secure? Do you store my login credentials?
Your data is encrypted in transit and at rest. Era never stores your bank login credentials— we use OAuth tokens and Plaid's secure infrastructure for bank connections. Bank access is read-only (we cannot initiate transactions). Era is SOC 2 Type II certified with regular third-party security audits. All connections use bank-level 256-bit encryption.
Can Era handle reconciliation for multiple bank accounts and entities?
Yes, Era supports unlimited bank accounts, credit cards, and payment processors across multiple legal entities. Each account reconciles independently with its own matching rules and workflows. The consolidated dashboard shows reconciliation status across all accounts at a glance. For multi-entity businesses, Era handles intercompany transactions and eliminations automatically during consolidation.
What happens if the AI makes a mistake? Can I override incorrect matches?
All AI matches are presented as suggestions that you review before finalizing. You can override any match, unmatch transactions, or create manual matches. When you correct an AI match, Era learns from your correction and improves future matching. Every reconciliation maintains a complete audit trail showing who matched what and when, including both automated and manual matches. You can unreconcile and revert changes if needed.
Automate Your Bank Reconciliation Today
See how Era's AI matches 95%+ of transactions automatically and saves your team 20+ hours per month. Connect your bank and start reconciling in minutes.