Approvers

External auditors can verify reconciliations without interrupting the accounting team. They can review supporting documentation and the reconciliations in one centralized place, speeding up the audit process and potentially saving you audit costs. RecWise also has the ability to show only certain recs to specific auditors, in case your business requires multiple auditors, without disclosing all your information.

The internal compliance team can review reconciliations and verify that policies and procedures are being followed. This proactive approach helps identify and resolve issues before they escalate to external audits.

In businesses where reconciliations are a centralized process, divisional heads or business unit heads can have access to overview reconciliations and provide feedback.