CloFast

All Use Cases

CloFast was created by industry professionals who understand the challenges of managing business processes firsthand.

That’s why our platform is intuitive, easy to implement, and seamlessly integrates into your workflow—without complex IT setups, long deployments, or ongoing maintenance headaches.

Stay on Time, Every Time!

Finance

CloFast brings your teams together on a single, AI-powered platform.

Bank & Credit Card
Reconciliation

CloFast can automate matching bank and credit card transactions with ERP entries, reducing manual errors and ensuring faster monthly closures.

Cash Collection (AR)

Automates tracking and reconciling payments against open invoices, improving cash flow visibility and reducing outstanding receivables.

Point of Sales (POS)

Matches POS data with financial records in ERP systems, ensuring consistency across sales channels.

Intercompany Transactions

Automates reconciliation of intercompany balances, addressing discrepancies and ensuring compliance with financial regulations.

Supply Chain

Automation to boost efficiency, ensure accuracy, and sharpen strategic focus, empowering your team to drive success shift from preparers to reviewers.

Inventory Reconciliation

Ensures consistency between physical stock, warehouse management systems, and ERP inventory records.

Procurement and Vendor Payments

Reconciles purchase orders, goods received, and invoices to streamline the procure-to-pay cycle.

Logistics & Freight Matching

Matches shipping and freight invoices against ERP data to identify overcharges or billing errors.

Tax

Streamline your entire financial process, from close to report, driving efficiency and strategic insight.

GST Reconciliation

Automates GST filings by reconciling tax data from invoices with GST returns, ensuring compliance and minimizing tax liabilities.

Tax Deducted at Source (TDS)

Matches TDS entries with payments and filing records, ensuring accurate deductions and filings.

Contracts

Automate manual tasks and reconciliations. Build scalable process strategies. Do it all with CloFast.

Lease Agreement Management

Extracts terms from contracts, tracks renewals, and matches payments with ERP records for accurate financial reporting.

Vendor Agreements

Ensures compliance with agreed payment terms, pricing, and conditions by reconciling contractual obligations with actual transactions.

Performance Clauses

Identifies non-compliance in SLAs or performance metrics through automated data checks.

Sales

Streamline your entire financial process, from close to report, driving efficiency and strategic insight.

Order-to-Cash Cycle

Reconciles sales orders, invoices, and payments to ensure accurate revenue recognition.

Commission Tracking

Automates reconciliation of sales commissions with ERP records to ensure correct payouts.

Customer Refunds

Matches refund requests with sales transactions, minimizing errors and improving customer satisfaction.

Manufacturing

Faster, more efficient workflows to elevate your role.

Production Costs

Reconciles raw material usage and production costs against ERP records to track efficiency.

Vendor Management

Automates reconciliation of invoices for raw materials and services with purchase orders.

Inventory Valuation

Ensures accurate valuation of inventory by matching ERP entries with stock levels and market prices.

Technology

Bring internal audit and compliance together on one platform.

Cloud Migration

Validates data consistency before and after migration of IT systems to the cloud.

IT Expense Tracking

Matches software and hardware expenses with approved budgets, identifying overspending or anomalies.

Subscription Reconciliation

Tracks SaaS subscriptions, ensuring correct billing and identifying unused licenses.

Real Estate

Automate manual tasks and reconciliations. Build scalable process strategies. Do it all with CloFast.

Payment Reconciliation

Matches rental payments with lease agreements to highlight missed payments or escalations.

Property Maintenance Costs

Automates reconciliation of invoices for maintenance services against approved budgets.

Lease Escalations

Tracks and reconciles periodic escalations in rent against ERP entries for accurate forecasts.

Healthcare

Streamline your entire financial process, from close to report, driving efficiency and strategic insight.

Insurance Claims

Automates matching of claims with insurance policies, ensuring compliance with coverage terms.

Patient Billing

Matches patient invoices with payments and insurance coverage for accurate billing reconciliation.

Regulatory Compliance

Ensures healthcare transactions are aligned with regulatory and audit requirements through detailed reconciliation.

Retail

Faster, more efficient workflows to elevate your role.

Inventory Reconciliation

Matches store-level inventory with centralized ERP systems, minimizing discrepancies.

Vendor Payments

Automates reconciliation of purchase orders with vendor invoices and payments to avoid overpayments.

Sales Promotions

Ensures promotional discounts and offers are correctly reflected in POS and financial records.

Public Sector

Bring internal audit and compliance together on one platform.

Grant and Fund Reconciliation

Tracks fund allocation and spending to ensure compliance with budgetary guidelines.

Vendor Payments

Automates reconciliation of government procurement payments with contractual obligations.

Regulatory Reporting

Prepares reconciled data for audits and compliance reporting, reducing preparation time and errors.

Others

CloFast brings your teams together on a single, AI-powered platform.

Audit Preparation

Consolidates and reconciles data from various systems to create accurate audit-ready reports.

Cross-Platform Reconciliation

Matches data across multiple platforms or tools, ensuring consistency and accuracy in reporting.

Customized Use Cases

Tailors reconciliation workflows to fit unique business processes, making it adaptable for diverse industries. CloFast’s flexible architecture ensures its ability to tackle industry-specific challenges while remaining scalable for any reconciliation process.