Auto-Classification of Banking Transactions
ACBT Allows journals to be created directly from Bank Statements by accurately mapping the transaction description to the Account Code
The Auto-Classification of Banking Transactions Application is an electronic method of accurately coding banking transactions to financial ERP systems, into order to automate what is a highly manual task in most organisations.
ACBT delivers the following services:
Highly accurate classification of banking transactions to the organisation’s Chart of Accounts
Comprehensive explainability for the classification of each banking transaction
Configurable ability to set automation thresholds
Configurable ability to improve auto-classification rates via machine learning techniques, using supervised learning
Configurable ability to operational and audit process governance
ACBT implements a number of methods to auto-classify banking transactions. The methods operate within a framework that we can vary for you to achieve the outcome you need: specific methods for specific scenarios, faster or more detailed methods. You’re in control of the outcomes you want to achieve.
ACBT employs multiple methods and you can configure it to use your
own methods too. This means it's not locked in to only one form of ML.