Contribution: Industrial Research Assistance Program – Contributions to Firms
Propra Technologies Inc.
$60,000.00
Using AI for Account Reconciliation and Bill Data Entry
FY 2024-25 · 2024-10-01
Summary
Accounting in property management presents unique challenges, from handling third-party owners and ensuring provincial compliance to managing a lack of specialized accounting knowledge. These complexities make billing data entry and account reconciliations time-consuming and prone to errors due to reliance on exact data matches and manual input, which becomes increasingly difficult as the business scales.
This project will transform property management accounting by fully automating billing, payments, and reconciliations. Powered by AI, our solution uses customer data to make more accurate assumptions and seamlessly match accounting entries with bank transactions, reducing errors and saving time.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Calgary|Calgary, Alberta, Canada
Recipient Type
For-profit organization
Business Number
785979063
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2025-03-31
Agreement Number
1023320
Agreement Start Date
2024-10-01
Agreement Title
Using AI for Account Reconciliation and Bill Data Entry
Agreement Title (French)
Utilisation de l’IA pour le rapprochement des comptes et la saisie des données de facturation
Agreement Type
Contribution
Agreement Value
$60,000.00
Amendment Number
0
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
Accounting in property management presents unique challenges, from handling third-party owners and ensuring provincial compliance to managing a lack of specialized accounting knowledge. These complexities make billing data entry and account reconciliations time-consuming and prone to errors due to reliance on exact data matches and manual input, which becomes increasingly difficult as the business scales.
This project will transform property management accounting by fully automating billing, payments, and reconciliations. Powered by AI, our solution uses customer data to make more accurate assumptions and seamlessly match accounting entries with bank transactions, reducing errors and saving time.
Description (French)
La comptabilité dans la gestion immobilière présente des défis uniques, qu’il s’agisse de gérer des propriétaires tiers, d’assurer la conformité provinciale ou de gérer un manque de connaissances comptables spécialisées. Ces complexités font que la saisie des données de facturation et les rapprochements de comptes prennent du temps et sont sujets à des erreurs en raison de la dépendance à l’égard des correspondances exactes de données et de la saisie manuelle, ce qui devient de plus en plus difficile au fur et à mesure que l’entreprise prend de l’ampleur. Ce projet transformera la comptabilité de la gestion immobilière en automatisant entièrement la facturation, les paiements et les rapprochements. Alimentée par l’IA, notre solution utilise les données des clients pour faire des hypothèses plus précises et faire correspondre de manière transparente les entrées comptables avec les transactions bancaires, ce qui réduit les erreurs et permet de gagner du temps.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Calgary Centre
Federal Riding (French)
Calgary-Centre
Federal Riding Number
48004
NAICS Code
511211
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
785979063
Recipient City
Calgary|Calgary
Recipient Country
CA
Recipient Legal Name
Propra Technologies Inc.
Recipient Operating Name
Propra
Recipient Postal Code
T2P 0S2
Recipient Province or Territory
AB
Recipient Type
F
Reference Number
172-2024-2025-Q3-1023320
