Industries/Regional banks/Close Agent
SOX flux and affiliate ICregional banks.
Affiliate due-to/due-from pairs between the bank and non-bank subsidiaries are proposed for elimination only after both controllers review the trace. Manual IC spreadsheets between bank and non-bank affiliates.
Scenarios in regional banks
Many cash accounts, one close deadline
Treasury reconciles correspondent, concentration, and trust accounts while controllers wait for cleared items. Close Agent proposes IC elimination entries when pairs are within policy.
EDD backlogs on complex legal structures
Controller and affiliate CFO both approve IC journals.
SOX flux and affiliate IC
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
Multi-entity deployment?
Pilots scope entities and accounts explicitly; read-only feeds per entity are common in phase one.
Examiner-ready audit trail?
Each agent run logs steps with cited amounts and document references exportable for internal audit.
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.