June 23, 2023 - New release: Brand-new mapping module with drag ‘n drop and AI auto-mapping

We've been working hard to enhance the experience and provide even more value to all our users. Therefore, we are excited to announce that we have just released a new mapping module with two key elements which we believe will significantly improve your productivity and overall satisfaction:

• AI auto-map: Our first step into AI-powered mapping.
• Drag 'n drop: Shortening the mapping process and making it more intuitive.

How will the new module improve our mapping process?

The new mapping module is beneficial for you, who, at some point, need to map a new chart of accounts with 100+ local accounts to group accounts manually. For example, when changing accounting systems or acquiring a new company. Before, you had to do this manually in Excel or click on every unmapped account and choose the group account in the dropdown menu. Now you can drag 'n drop or click on the AI auto-map.

Read more about the features below.

Feature 1: auto-map your local accounts with artificial intelligence

You can now auto-map your local accounts to your group accounts by clicking one button with our first try at AI-powered mapping. This new feature can cut a significant amount of time away from your workload when mapping a new company.

HOW DOES AI BENEFIT ME?

Almost any users uploading a trial balance with 100+ unmapped local accounts will benefit from using the AI auto-map button. If this is you or you in the future get a new local chart of accounts, for instance, if you get a new accounting system or will acquire new companies, AI can undoubtedly help you to:

• Save valuable time when mapping
• Automate a manual process
• Further increase efficiency in the reporting process

HOW PRECISE DOES AI MAP?

The AI will map local accounts based on their names, so explicit names are a significant factor in determining the output quality. Please go through the mapping suggested by the AI. 

You can easily unmap or map suggestions manually to the correct accounts if the suggestions are insufficient.

Feature 2: Drag 'n drop account mapping

Besides AI, the mapping module has been transformed to be more intuitive and now includes a drag 'n drop feature.

HOW DO I USE AI AUTO-MAP AND DRAG ‘N DROP?

AI Auto-Map button: You upload your trial balance and click on the button “AI auto-map”. AI will automatically assign your local accounts to the group accounts that best match the name. You can then faster review the accounts and see if they are correctly matched. You can always unmap everything mapped with AI.

Drag ‘n drop: As the name says, you simply hover your mouse over the accounts you want to move and then drag them to the correct group account. You will no longer have to click on every unmapped account and push edit in a drop-down to choose the right one. It is also possible to select several to map in one go.

In the next couple of weeks, we will release a “how-to” guide for more details on the new mapping module.

We hope these new features enrich your experience with Konsolidator and empower you to accomplish your tasks even faster. As this is a first step into AI-powered mapping, we value your feedback, so please don't hesitate to reach out to us with any questions, suggestions, or concerns you may have at support@konsolidator.com.