Thera cut 40+ hours of manual reconciliation a month to zero and replaced it with a daily report its finance team trusts — with Rexi’s agents.
“Rexi was a game changer for Thera. It not only saved our team significant time, but also reduced the risk of manual errors. We went from spending hours reconciling payments to receiving a daily report we can trust.” — Akhil Reddy, CEO & Co-founder, Thera
Summary. 40+ hours of manual reconciliation eliminated every month. Reconciliation moved from a recurring manual task to an automated daily report. The reconciled data now forms a consolidated financial graph — the foundation for deploying agents across adjacent finops workflows with no engineering investment.
About Thera
Thera is an all-in-one Financial OS for SMBs and startups, helping companies hire, pay, and manage contractors and employees in 150+ countries. It moves millions in payouts every month across multiple currencies and payment rails, and every transaction has to reconcile back to a single internal ledger.
Challenge: reconciliation that scaled the wrong way
Thera built reconciliation in-house: scripts to pull transactions from payment providers and match them against the ledger, plus a finance team to investigate every exception by hand.
It worked. But it ran on constant human oversight, and the cost grew with volume. As payout activity scaled, so did the hours. The finance team was spending over 40 hours a month reconciling payments and tracing mismatches, and a single discrepancy could take significant time to resolve.
The real question wasn’t whether reconciliation got done. It was how to stop it from consuming more of the team every month, without putting engineers on reconciliation plumbing forever.
Solution: agents, not scripts
Rexi replaced Thera’s in-house pipeline with AI agents that reconcile across the full spread of currencies and rails. Where Thera previously ran scripts and reviewed exceptions by hand, Rexi’s agents do the work continuously. The lift on Thera’s side was minimal — providing data feeds and access — and Thera was live on production data within a few weeks.
- Ingestion across providers and rails. Rexi’s agents connect to Thera’s payment data feeds and ledger, ingesting transactions across every currency and rail with no scripts for Thera to maintain.
- Autonomous matching and investigation. Agents match transactions against the internal ledger and investigate the exceptions a human used to chase, so reconciliation runs without anyone kicking off a process or monitoring it.
- Faster exception surfacing. Discrepancies are flagged far faster than manual review allowed, cutting the time to trace and resolve a mismatch and lowering the risk of error slipping through.
- A daily report the team can trust. Instead of a recurring operational task, Thera receives a daily reconciliation report covering all payment flows.
Going in, there was healthy skepticism. As Akhil Reddy put it, he doubted an external platform could handle the complexity and edge cases of Thera’s payment flows. Rexi’s agents proved they could, and the engagement didn’t feel like a vendor relationship.
“The team has felt more like an extension of ours than a vendor.” — Akhil Reddy, CEO & Co-founder, Thera
Beyond reconciliation: a consolidated financial graph
Every transaction Rexi reconciles does more than close the books for the day. It adds to a structured, consolidated record of Thera’s money movement — each payout tied to its provider, rail, currency, and ledger entry. Reconciliation, done continuously by agents, is quietly building Thera’s financial graph: a single, trustworthy source of truth for what happened across every payment flow.
That graph is the real foundation. Once finance operations sit on clean, agent-maintained data, agents can be pointed at the workflows next door: exception handling, cash and payout monitoring, anomaly and loss detection, reporting, and the controls that reduce risk. Agentic deployment scales across adjacent finops workflows because the hard part — trustworthy unified data — is already in place.
For Thera’s finance team, that changes who owns the work. Instead of filing engineering tickets and waiting for internal tools to be built, finance can stand up its own agentic workflows on top of the graph. The result compounds: more efficiency, fewer losses and less risk, and independence from engineering resources, with finance building its own tooling rather than competing for the roadmap.
Impact
- 40+ hours a month returned to the finance team.
- Reconciliation runs as an automated daily report, with no scripts to run or monitor.
- Discrepancies surface faster, lowering the risk of manual error.
- A consolidated financial graph now underpins agentic deployment across adjacent finops workflows.
- Finance gains independence from engineering, building its own tools instead of waiting on the roadmap.
