Clofast: AI-based reconciliation for enterprise efficiency

Why Reconciliation Needs Reinvention

In today’s digital enterprise, manual reconciliation is no longer scalable. Whether it’s financial data, supply chain records, or regulatory contracts, reconciling large volumes of information across systems is time-consuming, error-prone, and costly. Automating the reconciliation process can help businesses save time and resources by streamlining data matching and identifying discrepancies more efficiently.

CloFast by Quadric IT is an AI-based reconciliation and automation platform designed to eliminate manual work, ensure data accuracy, and automate compliance—while seamlessly integrating with ERP, CRM, and other business systems.

What Is CloFast?

CloFast is a smart, AI/ML-driven platform that extracts, matches, validates, and reconciles data across disconnected systems. Built for finance, supply chain, contract management, and compliance teams, CloFast (opens in a new tab) ensures accuracy, transparency, and real-time decision-making. CloFast utilizes advanced algorithms to ensure that data extracted from different sources is accurately matched, validated, and reconciled in real-time.

Core Capabilities:

• AI-driven reconciliation across systems
• Automated exception handling
• Real-time syncing with your ERP/CRM
• Compliance-ready reporting
• Custom business rule validations using ML/NLP

How CloFast Works

The CloFast platform is built around a streamlined four-step process to ensure efficiency from data ingestion to report generation:

1. Extract Data Ingests data from PDFs, spreadsheets, scanned documents, video, and ERP systems using OCR and AI.
2. Reconcile & Validate Uses machine learning rules and natural language input to match and validate large data sets across sources.
3. Resolve Exceptions Flags discrepancies and suggests corrective actions based on past patterns and business rules.
4. Generate Reports Creates audit-ready reports and dashboards that can be shared with stakeholders in real time.

Smart Features That Set CloFast Apart

• Effortless Data Extraction Supports OCR, video, image, and PDF-based data input—no manual copy-paste.
• Realtime Data Sync Syncs directly with ERP, CRM, andcloud business systems for a live source of truth.
• AI-Based Data Matching Uses ML algorithms and language-based logic to identify and match records across data sets.
• Proactive Situation Handling Automatically classifies tasks and alerts teams about exceptions before they cause bottlenecks.
• AI Buddy A conversational assistant that lets you “chat with your data” to get instant insights.
• Collaboration Built-In One centralized space for cross-functional teams to collaborate on reconciliation workflows.

Use Cases Across Industries

CloFast serves teams that deal with data reconciliation complexity across sectors:

• Finance Teams: Auto-validate transactions across accounting, bank statements, and ledgers
• Pharma & Life Sciences: Match compliance data across contracts and SOP documentation
• Supply Chain: Validate orders, delivery notes, and invoices between systems
• Legal/Contracts: Match terms, conditions, and execution status from various sources

Why Choose CloFast?

• 80% reduction in manual reconciliation time: Implementing automated reconciliation processes can lead to a significant decrease in the time spent on manual reconciliation tasks, with some companies experiencing up to an 80% reduction. Automated reconciliation processes streamline the matching and verification of financial data, resulting in a more efficient and accurate reconciliation process overall.
• Real-time, reliable insights for faster decisions: Automated reconciliation processes also help provide real-time, reliable insights that enable faster decision-making within companies. Companies can utilize automated reconciliation processes to ensure that the data used for decision-making is up-to-date and accurate.
• Industry-agnostic and ERP-compatible: These new technologies are designed to be implemented across a wide range of industries and seamlessly integrate with existing ERP systems. This flexibility allows companies of all types to benefit from the efficiency and automation provided by these cutting-edge tools.
• Ensures compliance through audit logs and access control: Audit logs and access control are essential components of maintaining security and accountability within a system or organization. By monitoring audit logs and access control, organizations can track who has accessed sensitive information and ensure compliance with security protocols.
• Built for scale with AI-first architecture: This new platform utilizes artificial intelligence as the foundation for its structure, allowing for seamless scalability. Its AI-first architecture enables the platform to adapt and grow effortlessly as demand increases, making it a solid choice for businesses looking to scale up their operations.

Reconciliation, Reinvented by AI

CloFast is more than just a reconciliation tool—it’s your digital analyst, your compliance monitor, and your cross-system connector. In a world where data accuracy and speed are everything, CloFast empowers teams to work smarter, not harder. With CloFast, teams can streamline their processes and improve efficiency by utilizing its features as a digital analyst, compliance monitor, and cross-system connector.