Arvexi

What is Arvexi?

Arvexi is an advanced lease accounting^[1] automation tool designed to streamline the entire lease management process, from document extraction^[2] to journal entries^[3]. It ensures compliance with accounting standards such as ASC 842^[4], IFRS 16^[5], and GASB 87, making it an essential solution for organizations looking to optimize their lease accounting practices. By leveraging artificial intelligence, Arvexi can quickly convert lease PDFs into clean, audit-ready journal entries, significantly reducing the time and effort required for manual accounting tasks.

How to use Arvexi?

1. Upload Lease Documents: Start by uploading your lease PDFs directly to the Arvexi platform. The AI will automatically read and extract key information from the documents without any need for templates or setup.
2. Review Extracted Data: Once the documents are processed, review the extracted clauses, dates, and financial figures to ensure accuracy.
3. Generate Journal Entries: Utilize the automated journal entry feature to create entries based on the extracted data, ensuring compliance with the relevant accounting standards.
4. Close the Books: With all entries prepared, close your books in a fraction of the time it would take using traditional methods, allowing for faster financial reporting.

What are the main features of Arvexi?

• Automated Document Extraction: Quickly upload lease PDFs and let Arvexi's AI extract critical information without the need for manual input.
• Real-Time Portfolio Intelligence: Gain insights into lease obligations and compliance status through an interactive chat feature that allows users to query their lease data.
• Automated Journal Entries: Create journal entries and amortization schedules automatically, reducing the time spent on month-end closing.
• Audit Trail Generation: Maintain a clear and traceable audit trail for every entry, linking back to the source document.

Who is Arvexi for?

Arvexi is designed for financial professionals including controllers, CFOs, audit teams, and accounting firms. It caters to organizations that manage multiple leases and need a streamlined solution for compliance and reporting. The tool is particularly beneficial for companies looking to reduce the time spent on lease accounting processes, improve accuracy, and maintain compliance with current accounting standards.

What are the use cases of Arvexi?

1. Lease Extraction: Automate the extraction of information from lease documents, reducing manual data entry errors and saving time.
2. Compliance Reporting: Generate reports that ensure compliance with ASC 842, IFRS 16, and GASB 87, providing peace of mind for financial reporting.
3. Audit Preparation: Prepare for audits with comprehensive audit trails that link journal entries back to their source documents, facilitating easier verification.