Account Reconciliation

Ensure accuracy and efficiency by automating Account Reconciliation  

Improve efficiency and accuracy around your account reconciliation process by leveraging automation down to a transaction level.

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ACCOUNT REconciliation

Comprehensively remove risk, increase accuracy and efficiency by effectively managing your global Account Reconciliation process and leveraging automation.

With ever stringent regulations and finance being under pressure to deliver more with less, you need to make sure that you are as efficient as possible in finance processes without compromising on confidence and integrity. Leverage reconciliation best practices and improve efficiency of performance using transaction matching and other automated reconciliation functions. Integrate data directly from ERP, EPM and other source systems to ensure all accounts are included.

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Reconciliation compliance

Keep track of the account reconciliation process including monitoring, reporting, and analysis. Collaborate across distributed organizations and ensure capture of all audit documentation.

  • Compliance Driven
    Create rule-based thresholds for automated risk assessments and certifications  
  • Accountability
    Track and log the preparer and approver assignments for each reconciliation
  • Approvals and Signoff 
    Get instant visibility into the progress and status of the entire reconciliation lifecycle
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Transaction matching

Define matching rules to a very granular 1 to 1 level or create more flexible rules such as many to 1, 1 to many or many to many matches. You can configure tolerances to allow match creations with acceptable tolerances.

  • Interactive Matching
    View suggested matches and decide whether to confirm or reject them or create manual matches
  • Balancing
    Create period-end balancing reports that satisfy accounting compliance requirements
  • Data Optimization
    Maximize the number of matches created using tools that improve data quality
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Application integration

Strong integration capabilities allow you to leverage existing IT investment by integrating data from other Oracle applications or spreadsheets and native databases removing all manual data preparation errors and risks

  • Enterprise Aware
    Consider data from all enterprise systems that impact finance decisions
  • Seamless Integration
    Easily connect to source EPM and ERP applications such to source data directly
  • Office Integration
    Leverage existing Excel skills by accessing your financial close process and data directly from office Smart View Add-in
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