Account Reconciliations Management

Ability to create account reconciliation project plans to assign specific GL accounts to R2R Analysts or user groups

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How Account Reconciliation Management Enables Proactive Review of Balance Sheet Accounts Before GL Close

Prioritize completion of Reconciliations by risk, value thresholds and other key parameters

  • Auto assignment of reconciliations to users/user groups
  • Prioritize reconciliations based on risk matrix

Status of Reconciled vs Unreconciled accounts

  • Dashboard displaying key reconciliations metrics
  • Real time visibility of reconciliation metrics

Focus only on reconciliations that need attention

  • Define rules for auto certification of reconciliations such as
    • GL and SL balances match
    • No change in GL balance with no new activity
    • ZBA (Zero Balance accounts) with zero closing balance
  • Prepaid Accounts balance matching with the amortization schedule

Prepaid Accounts balance matching with the amortization schedule

  • Define rules for auto allocation of reconciliations at the time of set up
  • New GL account with activity in the first month shall be auto assigned to users/groups defined

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