Q2 Close · Day 3 of 3

On track · close in 3 days

Entities reconciled

• 142/142 complete

Accruals drafted

• 38 awaiting review

Variances flagged

• 6
• 2 material

Investor letters

• 12 queued

Close sequence live

Actuals ingested · Yardi GL
142 entities · reconciled to source
Accruals drafted
38 entries · in your template
Variance review
6 flagged · awaiting controller
Investor portal live

Fund III live
Fund IV live
Co-invest SPV draft
Each LP logs into a branded live portal, not a quarterly PDF.

Key Features

• Yardi
• GL
• Bank feeds

A three-day close, continuous instead of quarterly. Reconciliations and accruals are drafted before review; each investor letter waits for approval.

The close drags, and the quarter-end report is a sprint from a blank page

Finance lives on an unforgiving calendar, and every close turns into a manual hunt: tying the GL to the property management system, reconciling the bank line by line, chasing accruals, explaining variances. Six days becomes eight, eight becomes ten.

The reconciliations are the worst of it because they are both essential and entirely mechanical. The GL says one thing, the PMS says another, the bank says a third, and someone has to walk every difference until each is explained or corrected. It is precise, unglamorous work that demands judgment only at the edges, and yet it consumes the bulk of the close. Accruals are the same story: known, recurring, and still re-derived by hand every period because there is no system that drafts them for you against the actuals as they land.

Then, just as the close finishes, the quarter-end reporting cycle begins, and it is a sprint from a blank page. Performance has to be assembled per fund and per vehicle. Distributions have to be calculated through the waterfall. The investor letter has to be written, every figure checked, every chart rebuilt. And then it all gets flattened into a PDF and emailed to LPs who, the moment a question occurs to them, reply to ask it, kicking off a chain of one-off lookups that lands right back on the finance team's desk. The report is stale the day it is sent, and the questions never stop.

Today vs. with Built AI

Days to a closed period

What you gain

Four changes to the function

1. The reconciliation is drafted before you open the period
   The Close Reconciler ties the GL to the PMS and the bank, surfaces the breaks, drafts the recurring accruals against the actuals, and writes the variance, all before a human starts the close. You review exceptions and approve instead of matching transactions line by line.

2. The close compresses from ten days toward three
   When the mechanical work is done before you begin, the close stops being a marathon. The team spends its days on the exceptions and the analysis that need a person, and the period ties out in a fraction of the time it used to take.

3. Investors get a live portal, not a quarterly attachment
   Each LP, JV partner, and lender logs into a branded view of their own positions, capital account, distributions, and documents, with their questions already answered. Reporting moves from a stale PDF to a live window, and the reply-all lookups dry up.

4. The investor letter is drafted on your template, fully traced
   At quarter-end the Investor Letter Drafter assembles performance, the waterfall, distributions, and commentary into your template, every figure linked to source. IR reviews and signs a near-final draft instead of rebuilding the letter from a blank page.