Midday's AI-Powered Reconciliation Engine: Automating the Tedious Task
2025-08-29
Midday has developed an automated financial reconciliation engine that leverages multi-dimensional matching and vector embeddings to achieve high accuracy and efficiency. The engine preprocesses and enriches data, using 768-dimensional embeddings to understand the semantic meaning of transactions and receipts. An adaptive thresholding system and machine learning algorithms further refine accuracy over time, based on user feedback. The result? Businesses save hours weekly on reconciliation, freeing up time for strategic tasks. This automation also paves the way for advanced financial analysis.
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Development
financial automation