Delivered through a scalable and highly secure cloud model and built from a single code base, the platform supports many key accounting and financial processes including the financial close, account reconciliations
, intercompany accounting and controls assurance, fueling confidence throughout the entire accounting cycle.
templates that are pre-populated with accurate and relevant data drawn from any ERP system.
The savings to be gained purely from the elimination of paper, binders and storage associated with the account reconciliation
process can add up significantly.
Prior to 2007, all of our account reconciliations
were done on paper with approval signatures required on the paper copies," says Brissette.
Streamlining and automating the account reconciliation
process will help a company tackle this compliance-driven activity.
Because account reconciliations
are so important under Sarbanes-Oxley, companies should adopt a continuous improvement process with the goal of reconciling all accounts before the post-closing adjustment review process.
Founded in 2001, BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation
If you do all the steps noted above, you'll have a good account reconciliation
process in place.
problems have caused material weaknesses at large firms such as Eastman Kodak Co.
NEW YORK & LONDON -- Genpact Limited (NYSE: G), a global leader in business process and technology management, and SmartStream, the financial Transaction Lifecycle Management (TLM) specialist, today announce a partnership to combine Genpact's finance and accounting (F&A) services expertise with SmartStream's new TLM Account Reconciliation
solution to bring unparalleled levels of visibility and control to CFOs, while shortening the financial closing process.
The webinar is designed to inform customers, whether operating in an environment of only SAP solutions or applications from multiple vendors, how account reconciliation
process optimization can help them achieve a quicker and more accurate financial close process.
During the session, the co-presenters will discuss how automating traditionally manual accounting processes, such as account reconciliations
, can virtually eliminate spreadsheets - and the errors/headaches that come with them.