When does done mean done in Bank Account Reconciliations?

1. Account Reconciliation Policies and properly documented and updated regularly
2. Bank accounts are assigned to risk categories which drive reconciliation frequency
3. Account Reconciliation includes :

• Account Description and Purpose
• Accurate General Ledger Balances
• Proper Documentation Explanation of Reconciling Items with self explanatory supporting documentation
• Indication of expected timing for disposition of reconciling items.
• Timely preparation. review and approval / certification
• On Demand availability of completed reconciliations to internal and external auditors and other approved reviewers

Watch the video to see when done means done for Bank Account Reconciliations

Watch the video for a preview of our simple and intuitive user experience

A simple and intuitive user experience

• Clean and simple front end
• Modules compartmentalize workflow by user categories
• Integration to Banks for automated bank activity extraction and upload
• Integration to General Ledger for automated G/L activity extraction and upload
• Machine Learning Engine automates matching and indicates processing results with a graphical traffic light signal dispaly
• Machine learning training model incorporates client specific algorithms
• Comprehensive work instructions and user guides