SquareWorks Consulting launches Expense Accrual Automation
SquareWorks Consulting, a provider of ERP implementation and financial automation software, has introduced Expense Accrual Automation. Built into the Automate platform, this new capability helps finance teams working in enterprise resource planning (ERP) systems move routine accrual work out of spreadsheets and into a guided, automated flow.
Enhancing efficiency in financial operations
Accruals sit at the core of accounting. They inform decisions, support the close, and stand up to audits. Yet the work behind them is often tedious: chasing inputs from multiple stakeholders, reconciling reports, and hand-keying data. That effort adds up, and it can pull teams away from analysis and planning when they need time most.
Benefits of Expense Accrual Automation
Expense Accrual Automation is designed to streamline that process end to end. According to CEO Bernardo Enciso, the tool reflects SquareWorks Consulting’s focus on making financial accounting simpler for its users. By applying AI within the accrual workflow, it reduces manual intervention, speeds up the financial close, and helps accounting teams save time month after month—while supporting more accurate, consistent results.
Key advantages of Expense Accrual Automation
Organizations adopting Expense Accrual Automation can expect the following:
- Automates repetitive tasks—like gathering reports and organizing spreadsheets—reducing time spent on these steps by over 50%.
- Eliminates manual data handling by letting users review accrual estimates directly inside the ERP, keeping information current and accurate.
- Reduces discrepancies during audits with a complete audit trail.
- Triggers automated outreach to vendors to request estimates when needed.
- Gives leaders faster, more dependable expense accrual estimates to support timely decisions.
- Works within the ERP environment, avoiding extra logins or separate system integrations.
- Uses AI to pull and process data from pending transactions, historical records, and open purchase orders, significantly cutting manual steps.
SquareWorks Consulting’s commitment to financial automation
SquareWorks Consulting builds automation that makes the most of ERP systems for finance teams. Beyond Expense Accrual Automation, the Automate platform includes AI-enabled Invoice Scanning, Real-Time 3-Way Match, Approval Automation, Advanced Vendor Onboarding, Payment Automation, and more. Together, these capabilities are designed to provide a smooth, reliable user experience across core finance processes.
Learn more about Expense Accrual Automation
If you’re interested in the new Expense Accrual Automation feature, you can find more information on SquareWorks Consulting’s official website.
About SquareWorks Consulting
SquareWorks Consulting delivers ERP implementation and automation solutions aimed at improving customer outcomes through consulting and purpose-built software. The company’s Automate platform combines advanced automation and AI features with services that support strong implementations and ongoing optimization. Visit their website for details on the full set of solutions.
Frequently Asked Questions
What is Expense Accrual Automation?
It’s a feature in SquareWorks Consulting’s Automate platform that automates the expense accrual process within ERP systems to make month-end work faster and more consistent.
How does it help finance teams day to day?
It cuts manual tasks, centralizes reviews inside the ERP, and improves the reliability of accrual estimates, saving time while supporting accurate financial reporting.
What role does AI play?
AI gathers and processes data from pending transactions, historical records, and open purchase orders to generate and refine accrual estimates with less manual effort.
Will it fit into my existing ERP workflow?
Yes. It’s built to work within the ERP, so teams don’t need extra logins or separate integrations to review and approve accruals.
What else is included in the Automate platform?
Automate also offers AI-enabled Invoice Scanning, Real-Time 3-Way Match, Approval Automation, Advanced Vendor Onboarding, Payment Automation, and more to support finance operations.
