Core products are T-Recs
account reconciliation workflow software, UPCS unclaimed property compliance software, SmartTreasury financial risk management software, and SmartAnalysis bank statement analysis functionality.
Technology is important in the
account reconciliation space.
Visibility, control, and assurance over the entire financial close using automated
account reconciliation software.
Depending on the size of the business concerned, this could result in a single
account reconciliation that is off by [pounds sterling]1m--even tens of millions.
Account Reconciliation and Task Management modules from BlackLine Systems
The sidebar, Challenges of a Manual
Account Reconciliation Process, to the right, lists some of the issues weakening internal control over these companies' general ledgers.
We believe that adopting our proposal would benefit the government and taxpayers alike by substantially reducing the detailed, time-consuming
account reconciliations that currently take place.
Currently, the company manually reconciles accounts, so major efficiencies are anticipated to complement the control, visibility and savings achieved through digitalization of balance sheet
account reconciliation.
In order to know that an
account reconciliation is correct, you first have to know what an
account reconciliation is.
Account Reconciliation joins Movaris' other products, Financial Close and Sarbanes-Oxley Compliance.
After the controller examines all of the above controls and determines none would have found the error, there is yet one more control that might have done the job--balance sheet
account reconciliation.
The session will focus on how finance, accounting, audit and compliance executives can further ensure the integrity of their balance sheets - and ultimately financial reports - by implementing software to automate the traditionally manual, labor-intensive and spreadsheet-driven
account reconciliation process.
