Streamline Your Processes with Account Reconciliation Cloud Efficiently manage and improve global account reconciliation by exploiting automation and comprehensively addressing security and risk typically associated with the process
Reconciliation Compliance Tracking Keep track of preparer and approver assignments for each reconciliation. Use teams to distribute workflow and ensure efficient and timely preparation. Collaboration and Workflow Gain workflow support for the account reconciliation process including monitoring, reporting, and analysis. Facilitate communication across distributed organizations and ensure capture of all audit documentation. Comprehensive Reconciliation Formats Leverage prebuilt reconciliation formats or create your own, providing a flexible environment for creating and deploying reconciliation formats across the enterprise. Compliance Driven Framework Utilize rule-based thresholds for automated certification and risk assessments. Signoffs and Approvals Get instant visibility into the progress and status of the reconciliation lifecycle. Transaction Matching Data Optimization and Normalization Maximize the number of matches created using tools that improve data quality. Flexible Matching Rules with Configurable Tolerances Define match rules that produce 1 to 1, 1 to many, many to 1, and many to many matches. Configure tolerance rules that allow match creation with acceptable thresholds. Interactive Matching View suggested matches and decide whether to confirm or reject. Create manual matches subject to configurable constraints. Management of Discrepancies Create adjustments for variances between data sources, and track the resolution of the adjustments. Balancing Create period-end balancing reports that satisfy accounting compliance requirements. Integration Application Integrations Connect to source EPM and ERP applications, such as Financials Cloud. Easy Integration with Oracle and Other Source Systems Leverage existing IT investments and quickly integrate data from multiple sources including spreadsheets and native databases. Enterprise Awareness Achieve integrated financial decisions driven by multiple sources of financial impacts.
Reconciliations Comprehensive Reconciliation Formats Leverage prebuilt reconciliation formats or create your own, providing a flexible environment for creating and deploying reconciliation formats across the enterprise. Automatic Reconciliations Use flexible auto-reconciliation routines to add efficiencies to the reconciliation process. Compliance-Driven Framework Utilize rule-based thresholds for automated certification and risk assessments. Collaboration and Workflow Task-Driven Processing Gain workflow support for the account reconciliation process including monitoring, reporting, and analysis. Signoffs and Approvals Get instant visibility into the progress and status of the reconciliation lifecycle. Compliance Leverage audit controls for all activities.
User Experience Intuitive, Role-Based User Interface Reduce training costs and increase user productivity with web user interface and reports. Role-Based Tasks and Work Areas Manage, perform, and approve tasks in configurable management work areas. Interactive Dashboards View Operational and Compliance dashboards for real time analysis of reconciliation processes.
