Industries/Community banks/Close Agent
Month-end close calendarcommunity banks.
Board packets need flux on salary, occupancy, and loan loss accounts explained — the close calendar blocks sign-off until commentary lands on material lines. Checklists in Excel with manual flux tabs per GL account.
Scenarios in community banks
Recon breaks hide in wire and lockbox detail
A single transposed wire or misdated lockbox deposit can stall the CFO's sign-off when spreadsheets are the only trail. The Close Agent scans material flux, drafts accruals, and marks calendar tasks complete as evidence is attached.
Commercial onboarding packs are inconsistent
Controller approves journals and signs off material flux explanations.
Month-end close calendar
Account 6200 Professional fees moves from $375k to $517k month over month — above the 10% / $50k flux policy on the Aster Bank demo ledger.
What the agent checks
- Flux threshold by account class (percent and dollar)
- Required commentary on material accounts
- Prepaid schedule vs GL balance
- Intercompany pair balance to zero
- Suspense account aging
- Close task dependencies on calendar
How it works
- 1
Load period context
Import trial balance, prior period, and close checklist status. Map accounts to owners and materiality thresholds.
- 2
Run flux analysis
Calculate dollar and percent change per account. Flag accounts over materiality or with missing commentary from the prior close.
- 3
Explain drivers
Link large movements to sub-ledger detail, open AP/AR items, or manual journals. Draft variance narrative controllers can edit.
- 4
Propose adjustments
Suggest accruals, prepaid amortisation, and reclasses with debits and credits explicit. Enforce maker-checker before post.
- 5
Track the calendar
Update BD-minus timeline tasks as items clear. Surface blockers — unreconciled IC, open flux, pending approvals.
Questions
Does this replace our core banking system?
No. FinanceAI reads exports and APIs you authorize and returns proposed matches and journals for approval in your normal workflow.
Can we start with reconciliation only?
Yes. Many community bank pilots begin with one operating account and BAI2 ingest before expanding to KYC or close.
Does FinanceAI need live API access on day one?
No. Many pilots start with scheduled BAI2/MT940/CAMT.053 files and GL exports over SFTP. Read-only APIs come next once security review passes. The live demo uses the shared Aster Bank synthetic ledger.
What if Stellitron Intelligence is unavailable?
Every decision still runs through deterministic rules: amount matching, transposition checks, UBO percentage math, screening score thresholds, and flux materiality gates. Optional intelligence only improves extraction and narrative.