AI in Accounting
AI Anomaly Detection for Month-End Close: How Machine Learning Spots a £4,200 Duplicate Payment Before the Accounts Are Signed Off
Month-end close is a race against the clock, and that is exactly when duplicate payments and miscoded invoices slip through. This article explains how AI anomaly detection works in plain terms and walks through a real worked example of a £4,200 duplicate payment caught before the accounts were signed off.