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Streamlined GL Reconciliation Solutions

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0% found this document useful (0 votes)
12 views3 pages

Streamlined GL Reconciliation Solutions

Uploaded by

nishugankidi
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Key Modules Key Features FAB Statement

Reconciliation - GL Account Reconciliations Reconciliation Control Tower


Control Tower Checklist increases GL accounts coverage and
- Control view of Reconciliations Reconciliation Automation which
with Variances
helps improve reconciliation
- Reconciliation Collaterals
Automated productivity and reduce days to
- Automated Certification and
Reconciliation Decertification reconcile.
Checklist. List of - Automated Recon Task Log
active GL accounts - Reconciliation Checklist
for reconciliation, Template
with variances and - Digital Binder
- Account Analytics
certification status
per task.

Maker Maker Checker Workflow increases


reconciliation automation, resulting in
Checker improved analyst productivity.

Workflow - Customizable Task Approval


Streamline and Gain Workflow
Control of
Reconciliation - Segregation of Duties
Processes. Track and
monitor tasks for
audits with customized
workflow.

- Out of the box Reports Reconciliation Progress Dashboards


Reconciliatio - Custom Dashboard increases reconciliation automation
n Progress which helps in reducing days to
reconcile.
Dashboards
Reduction in Days to
Reconcile. Take
proactive actions on
potential delays to
reduce days to
reconcile.

Transaction - Automated AI-based Rule Transaction Matching module


Matching Discovery improves the transaction auto match
Automated GL - Behavioral AI for Manually rate, reducing days to reconcile and
Data Extraction matched items improving analyst productivity.
From - Self-Serve Rule Engine
[Link] - Reconciliation Summary
your reconciliation - Open Item Management and
process with Analytics
accurate - Customizable Template Setup
AI/ML-powered for Automation
matching across - Automated Data Extraction
data sources.

- Automate comparison of GL Substantiation Reconciliation


Balance and Supporting automates reconciliation and
Substantiation Balance increases GL accounts coverage,
Listing of GL - Open Item Management and which helps reduce days to reconcile
Balance. Analytics and increase productivity.
Substantiation - Supporting Balance from
reconciliation for Working Files
automated
comparison of GL
and supporting
balance, for open
item management
and analytics.

Journal Entry - Automated Journal Entry Journal Entry Management


Automation Preparation automatically posts Journals,
- Journal Entry Approval increasing analyst productivity and
Pre-Built Journal Workflow reducing days to reconcile.
Entry Templates. - Automated Journal Entry
Automate your Posting
journal entry - Customizable Journal Output
preparation for File
identified open
items and clearing
using customizable
LiveCube apps.
Automated posting
to ERP of your
choice.

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