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WHY RECONCILE

SOX (Sarbanes-Oxley)

The Act has been in place for over 15 years. Whilst email and spreadsheets are effective they are far from ideal.

A CENTRALIZED system that captures comments and SUPPORTING DOCUMENTS helps to simplify the month end close and also compliance and audit.

It also reduces the RISK and MATERIAL MISSTATEMENT of the financial accounts.

SOX s302

When submitting financial reports it's the CEO and CFO that are directly responsible for the accuracy of the reports and internal controls surrounding the process.

So by taking control through an application such as RecWise it will provide confidence that measures and controls are in fact in place.

Uncover and resolve issues that may go hidden for months or even years.

SOX s404

Using RecWise as an INTERNAL CONTROL to substantiate the financial statements helps with the effectiveness of internal controls such as PROCESSES, POLICY & PROCEDURES as elements of good corporate governance.

Apply a Purpose to each individual Rec and/or also add Hints and Tips to assist in continuity when staff are on leave or depart the business.

Why RecWise

Simplify

Standardize Templates

Centralize Process

Review & Certify

Gain Transparency

Responsibility

Critical Ageing of Items

Compliance Overview

Audit Overview

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