InsightPilot

InsightPilot addresses the challenges faced by mid-market treasury teams in reconciling foreign exchange (FX) confirmations. The platform is designed to automate the matching of FX confirmations before settlement, aiming to eliminate the manual, error-prone processes often associated with reconciling these transactions in Excel. By serving as a control layer between banks and enterprise resource planning (ERP) systems, InsightPilot seeks to streamline the reconciliation workflow and reduce the time spent on manual checks.

The platform enables users to ingest and parse bank confirmation documents, supporting drag-and-drop PDF uploads as well as API connections. Its AI technology extracts trade details from unstructured bank confirmations and compares every field, including rates, value dates, and counterparties, against ERP records. The system learns user-defined tolerance rules to automatically resolve minor discrepancies. When exceptions occur, they are flagged with plain-English explanations, and users can generate an audit-ready month-end reconciliation pack with a single click. This approach is intended to reduce the risk of settlement failures due to data entry errors, address compliance concerns by providing a valid audit trail, and mitigate key-person risk associated with complex spreadsheet macros.

InsightPilot is not positioned as a replacement for treasury management systems (TMS) or ERP platforms, but rather as an added control layer that integrates with existing workflows. The tool is specifically targeted at mid-market treasury teams seeking to modernize their reconciliation processes and minimize reliance on manual spreadsheet work.