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
Visibility, control, and assurance over the entire financial close using automated account reconciliation
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.
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
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