Using business rules with reconciliation manager

Business rules can be used to reconcile and match transactions within Reconciliation Manager (RCM).

Reconciliation Manager matches two sets of transactions. The reconciliation conditions are defined in a Rule Set, and apply to an Event Profile. The Event Profile must identify the Reconciliation Manager function and also identify the Reconciliation Profile.

The Rule Set contains IF condition statements that determine the matching criteria. It also contains a MATCH statement that sets the Allocation Marker to Matched on the transactions, if the matching criteria are met.

Reconciliation Manager includes an AutoReconcile facility that automatically matches transactions within each reconciliation set if they contain the same values in selected data items. Therefore, you only need to define business rules to match transactions if you need to apply more complex reconciliation conditions, or match on different data items in each set of transactions. For example, you must define a business rule if you need to match on the invoice number, as this is held in a different data item in each set of transactions.