Accounting made easy for trust companies
Comitas helped a trust company improve its accounting processes and increase efficiency. Every month, hundreds of bank statements had to be manually checked and posted precisely based on the recipient, sender, or transaction details – a monotonous and error-prone task for the team of employees. But thanks to Comitas's customized solution, this challenge is now a thing of the past.
Automated accounting with precision
This innovative application is specifically designed to accurately read and process bank statements from various banks and in different formats – be it PDF, CAMT, or MT940. Advanced AI algorithms derive various posting rules from the transactions, enabling near-complete automation of reading bank movements and converting them into accounting entries. Continuous adjustments and refinements of the rules by customers ensure maximum precision and efficiency. Furthermore, the generated entries can be exported in CSV format and seamlessly integrated into and processed by common accounting systems such as Abacus.
Security and usability in focus
The modern web application runs entirely in-house at the customer's site, ensuring that the imported bank data never leaves the internal network. The AI logic for data interpretation also runs locally on the server, not on the internet. Thanks to integration with the customer's Active Directory (AD) and single sign-on capabilities, the application is not only secure but also extremely user-friendly. Intuitive dialogs and helpful information icons guarantee trouble-free use without extensive training. Flexibility is further enhanced by the customer's ability to manage their own informational texts.
Technologically leading for maximum performance
The application is based on the latest technologies, such as Microsoft ASP.NET Core in the backend and Microsoft Blazor in the frontend. This guarantees a powerful and reliable solution, specifically designed for the needs of trust companies.
Results that are convincing
Thanks to this solution, manual accounting has been drastically reduced – more than 90% of transactions are now fully automated. The trust company benefits from a clear overview of its bank transactions and applied rules, as well as the easy integration of bank statements from various banks.
