As somebody who worked as an accountant, I saw several times where automated reconciliation solutions devastated books with repeat mistakes and lacking audit logs. I saw interns do the same, too.

An automated solution to reconcile statements based on LLM matches removes transparency on how your books are prepared and might create a false sense of trust in the preparation of your books. In case of an audit, people will be in great trouble when their answer is ‘yeah, the AI booked everything.’

I think there is an opportunity here, but I don’t see it ending well until we can put the accountability of your accounts in check.