ICL Reconciliator is an AI-powered reconciliation tool developed by Iwelabi Consulting Limited. It automates financial reconciliations across datasets such as:

• Bank statements
• General ledgers
• Accounts receivable/payable
• Internal records

It is designed to eliminate manual work, improve accuracy, and generate reconciliation reports within seconds, helping finance teams close books faster and more efficiently.

The reconciliation process is simple:

1. Upload: Submit two Excel or CSV files with your data sheets.
2. Configure: Define your matching logic (based on date, narration, and amount).
3. Map Columns: Identify the relevant columns such as date, narration, and amount.
4. Run: The reconciliation engine matches entries based on your criteria and provides a downloadable result file in seconds.

• AI-assisted transaction matching
• Support for exact and fuzzy narration matching
• One-to-one, one-to-many, and partial (deficit) matching
• High-speed processing (typically under 30 seconds)
• Automatic classification: matched, unmatched, and invalid entries
• Temporary server-side storage with scheduled purging for operational reliability
• Compatible with both single and double amount column structures

• Speed: Reconciliations typically complete in under 30 seconds for average datasets.
• Accuracy: Uses a scoring model based on narration, date, and amount:
  • ≥ 61% = Strong match
  • < 30% = Unreconciled
  It supports advanced matching scenarios including partial payments and one-to-many mappings.

It supports a wide range of real-world reconciliation use cases:

• Exact or near matches (date + narration + amount)
• Fuzzy narration or description differences
• One-to-one, one-to-many, and many-to-one relationships
• Deficit/partial amount matching
• Flags all unmatched or invalid records for easy review in the output file

• File types: Excel (.xlsx) and CSV (.csv)
• Input structure: Two datasets per reconciliation (e.g. ledger vs bank) with columns for:
  • Date
  • Narration
  • Amount
• System compatibility: Works with any accounting software or ERP that exports in Excel/CSV formats.

• Temporary storage: Uploaded files and outputs are stored on ICL Reconciliator servers only for processing and operational support.
• Scheduled purging: Conversion outputs are purged on a recurring schedule (typically after 24 hours), and temporary artifacts are cleaned up automatically.
• Privacy-first: Data access is restricted and managed to protect confidentiality throughout processing.

It is designed for professionals responsible for financial accuracy and compliance, including:

• CFOs and Finance Managers
• Accountants and Controllers
• Internal Auditors
• Reconciliation and Compliance Teams

• Bank vs general ledger reconciliation
• Customer receivables or supplier payables matching
• Intercompany transaction reconciliations
• Internal ledger-to-ledger comparisons
• Monthly/quarterly financial close
• Audit preparation and compliance verification

Follow these steps:

1. Visit iwelabi.ai
2. Create an account with your email and password
3. Verify your email
4. Complete your organization profile
5. Subscribe to a plan (Free or Paid)
6. Start uploading your data and reconcile directly from the dashboard

Yes! A Free Plan is available, which includes limited reconciliation credits and user access. It’s a great way to test the platform before upgrading.

• 📧 Email: support@iwelabiconsulting.com
• 🌐 Website help: Visit iwelabi.ai for documentation and FAQs
• 🏢 Enterprise support: Premium and enterprise users may receive priority or dedicated support channels

There are four flexible plans:

Each tier varies by user access, monthly reconciliation volume, and level of support. Choose a plan that best suits your team size and needs.