Account Reconciliations Management

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


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