Close in 3 days, not 10.
Report live, not quarterly.
Finance carries two slow, recurring marathons: a month-end close that drags past a week on manual reconciliations and accruals, and an investor-reporting cycle that turns every quarter into a PDF sprint. Built AI compresses both. A Close Reconciler drafts the reconciliations, accruals and variance before anyone opens the period, and investor reporting moves from a static quarterly document to branded live portals where each LP logs into their own view. The close gets shorter and the reporting goes live.
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.
Ten days collapses toward three
Six days becomes eight, eight becomes ten. When the mechanical work is drafted before you open the period, the marathon ends. 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.
None of this is the work finance is supposed to do. Matching a bank line to a GL entry is not analysis; it is reconciliation. Re-keying performance into a letter template is not investor relations; it is production. The judgment (is the accrual right, does the waterfall hold, what does this quarter mean for the fund) is the part that deserves the team's time, and it is the part that gets squeezed because the mechanical work ate the days. Two marathons a quarter, run by hand, and the firm's smartest finance people spend them transcribing.
The close is drafted before you open it. The report is live, not a PDF.
The Close Reconciler drafts the period before a human opens it, and reporting moves to live portals. Pre-drafted close, live portals. How the engine works →
Built AI binds your GL, property management system, bank feeds and fund accounting into one normalized knowledge graph, and on top of it runs the Close Reconciler. By the time a human opens the books, it has already reconciled the sources, surfaced the breaks, drafted the recurring accruals and built the variance narrative. You start from a drafted reconciliation and approve, not from zero. Ten days collapses toward three.
Every number in that close is produced by a deterministic calculation engine, not a language model, the same way every time, with the work shown cell by cell. The reconciliations, the accruals, the fund waterfall, the distribution math: all of it is real, auditable computation traced back to the exact GL line, bank entry or document it rests on. That is what makes the drafted close trustworthy enough to approve quickly. The agent did the matching; the engine did the math; you do the judgment on the exceptions. The full architecture is described on the platform page.
Live investor portals, not a quarterly attachment
On the reporting side, Built AI replaces the PDF entirely. Each LP, JV partner and lender logs into their own branded portal and sees their own view: their positions, their capital account, their distributions, their documents, and answers to the questions they would otherwise have emailed. The reporting is not a snapshot mailed once a quarter and stale on arrival; it is a live window onto the same graph the finance team works from, scoped so each investor sees only what is theirs. The reply-all chain of one-off lookups quiets down because the answers are already there.
- Mailed once a quarter, stale the day it is sent
- Answers only the questions you anticipated
- LP questions trigger a reply-all chain of one-off lookups
- Every figure checked and rebuilt by hand
- A live window onto the same graph finance works from
- Each LP, JV and lender sees only what is theirs
- The questions they would have emailed are already answered
- Every figure traced to its source
And at quarter-end, the Investor Letter Drafter assembles the letter for you. It pulls fund-level performance, the waterfall, the distributions and the commentary into your firm's investor-letter template, with every figure traced to source. The blank-page sprint becomes a review: the letter arrives near-final, each number resolves to the GL line or model assumption behind it, and your IR team edits the narrative and signs rather than rebuilding the document from nothing. The same agents that run the close run the report, on the same trustworthy numbers.
When an LP, an auditor or a fund administrator asks how a distribution was calculated or where a performance figure came from, the answer is a trace, not a memory. Every figure in the close, the portal and the letter resolves to its origin, whether a GL entry, a bank line, a clause or a model cell, so diligence is a click, not a fire drill. The numbers defend themselves.
What the finance & IR team actually gets
Not a new ledger and not a portal you have to keep stitched together by hand. Four changes to how the function runs, each one removing a marathon of mechanical work that never created value.
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.
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.
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.
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.
| The work | Today | With Built AI |
|---|---|---|
| Month-end close | Six to ten days of manual reconciliation | Three days, drafted before you open the period |
| GL / PMS / bank recon | Matched line by line by hand | Reconciled and breaks surfaced automatically |
| Accruals | Re-derived from scratch every period | Drafted against the actuals as they land |
| Investor reporting | A quarterly PDF, stale the day it's sent | Live branded portals, one per LP, JV & lender |
| LP questions | A reply-all chain of one-off lookups | Answered in the portal, already there |
| The investor letter | Built from a blank page, figures checked by hand | Drafted on your template, every figure traced |
It reads your ledger and your bank, and the books stay the books
An orchestration layer that reconciles across your systems and writes back only on approval. Read-then-write-on-approval. See the integration model →
No finance team hands control of its records to a model, and Built AI never asks it to. The platform is an orchestration layer that reads from your systems of record, reconciles and drafts across them, and writes back only when a named person approves. Your accounting platform stays the system of record for the GL. Your fund administrator stays your fund administrator. The platform makes the GL, the PMS, the bank feeds and the documents talk to each other, and every posted entry waits for a human.
Yardi · MRI · your GL
GL actuals, charge codes and fund accounting flow into the graph as live, normalized entities, read-only by default. The Close Reconciler drafts against the same numbers your accounting team just posted, and nothing is mutated on a model's initiative.
Bank statements & the PMS
Bank lines are reconciled against the GL and the property system automatically, with breaks surfaced for review. The mechanical match that used to consume the close becomes a list of exceptions a person resolves, not a transaction-by-transaction hunt.
Waterfalls · LPAs · capital accounts
Fund waterfalls, distribution logic and LP capital accounts live in the graph and feed the portals and the letter. The waterfall is computed deterministically and each investor's view is scoped to exactly what is theirs, nothing more.
Connections default to read. The platform pulls from your systems, reconciles and drafts, and at that point it has changed nothing in your environment. Every write (a posted reconciliation, an updated accrual, a sent letter, a published portal) is a discrete, scoped action a named person approves before it executes. You get the speed of an automated close with the control of a manual one. The full integration model lives on the platform page.
Andrew Smith, Strategy Director, LondonMetric Property PLC (LSE: LMP)
See your next close drafted before you open it.
Bring a period and a fund, and watch the platform reconcile the GL against the bank and the PMS, draft the accruals and variance, and stand up a live investor portal, every figure traced to source. No migration, nothing leaves your tenant, and nothing posts or sends without your sign-off.