Overview & Features
Streamline account reconciliation by comprehensively addressing risk, efficiently managing the global account reconciliation process, and using automation.
Reconciliation Compliance
Tracking
Keep track of preparer and approver assignments for each reconciliation. Use teams to distribute workflow and ensure efficient and timely preparation.
Collaboration and Workflow
Gain workflow support for the account reconciliation process, including monitoring, reporting, and analysis. Facilitate communication across distributed organizations and ensure capture of all audit documentation.
Comprehensive Reconciliation Formats
Leverage prebuilt reconciliation formats or create your own, providing a flexible environment for creating and deploying reconciliation formats across the enterprise.
Compliance-Driven Framework
Utilize rule-based thresholds for automated certification and risk assessments.
Signoffs and Approvals
Get instant visibility into the progress and status of the reconciliation lifecycle.
Transaction Matching
Data Optimization and Normalization
Maximize the number of matches created using tools that improve data quality.
Flexible Matching Rules with Configurable Tolerances
Define match rules that produce one-to-one, one-to-many, many-to-one, and many-to-many matches. Configure tolerance rules that allow match creation with acceptable thresholds.
Interactive Matching
View suggested matches and decide whether to confirm or reject. Create manual matches subject to configurable constraints.
Management of Discrepancies
Create adjustments for variances between data sources and track the resolution of the adjustments.
Balancing
Create period-end balancing reports that satisfy accounting compliance requirements.
Integration
Application Integrations
Connect to source EPM and ERP applications, such as Financials
Easy Integration with Oracle and Other Source Systems
Leverage existing IT investments and quickly integrate data from multiple sources including spreadsheets and native databases
Enterprise Awareness
Achieve integrated financial decisions driven by multiple sources of financial impacts
Collaboration and Workflow
Task-Driven Processing
Gain workflow support for the account reconciliation process including monitoring, reporting, and analysis.
Signoffs and Approvals
Get instant visibility into the progress and status of the reconciliation lifecycle.
Compliance
Leverage audit controls for all activities.
User Experience
Intuitive, Role-Based User Interface
Reduce training costs and increase user productivity with web user interface and reports
Role-Based Tasks and Work Areas
Manage, perform, and approve tasks in configurable management work areas
Interactive Dashboards
View Operational and Compliance dashboards for real time analysis of reconciliation processes
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