Technology One,Tech One,Oracle,JD Edwards,MS Dynamics,Dynamics,ERP,General Ledger,Sage,NetSuite,PeopleSoft,SAP,Syspro,Ramco
RecWise Month End Reconciliation Software Solution Line Match Process Finance Workflow versaRecMan recman versa black line adramatch t-recs oracle workiva host analytics cadency tagetik onestream software BOARD FloQast trintech Magic quadrant cloud financial close solutions efca enhanced controls automation
Using a robust framework aids the workflow of the reconciliations from start to completion.
SEGREGATION OF DUTIES
ONE Preparer, ONE Reviewer and ONE Approver on a reconciliation ensures there is segregation of duties.
Oversight over the whole month end process. Progress to date, outstanding and rework requests are all visible.
Reports also play a part for the executive teams.
Set rules to assist with autocompleting a reconciliation no need to prepare, review and approve.
Monthly, Quarterly, Half-Yearly, Yearly.
To structured then set your own frequencies.
50+ reports all in realtime.
Understand what types of items are impeding the business and ensure actions to remediate instead of writing off.
COMPLIANCE & AUDIT
Better internal control means cleaner audits.
Add Policy & Procedures and even Hints to each reconciliation.