A close that swallowed half the month
With five legal entities on separate systems, Meridian closed each one by hand. Reconciliations, intercompany entries, and consolidation were spreadsheet work, and leadership saw the numbers only after a two-week scramble.
Finance wanted one ledger, an automated close, and a live view of cash and profit, so the team could shift from recording the past to guiding the next decision.
One ledger, with AI on the close
On Hudace Financial Management, all five entities run on one multi-currency ledger. Xenon AI reconciles transactions, drafts recurring journal entries, and flags the exceptions that need a human, while consolidation and eliminations happen on the platform.
The close became a managed checklist instead of a fire drill, with every task and reconciliation tracked in one place.
Xenon AI clears the routine reconciliations overnight, so my team starts the day on the exceptions that actually matter.
A week back, every month
The close now lands in four days, freeing the equivalent of a week each month. Leadership sees cash, profit, and margin in real time, and planning runs on live actuals instead of stale exports.
Meridian is extending the platform into treasury and tax, building on the same ledger that already shortened the close.