Overview

Reconciliation Management is an automated reconciliation system. It is used to keep your organization’s financial data accurate and to manage account reconciliations. Tools are available to reduce time, errors, risks, and costs.

This list shows the key features of this solution:

• Provides a clear view of your reconciliations by monitoring the status, performance, and compliance metrics
• Imports accounts directly from your chart of account
• Defines the accounts that require reconciliations and determines whether to reconcile at the company or dimension level
• Automatically reconciles accounts using user-defined policies
• Provides the intuitive manual reconciliation option
• Reconciles balances for both general ledger and non-general ledger
• Groups similar accounts to reconcile balances