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GREEN FIELD BUSINESS ANALYTICS

Account Reconciliation Cloud Services

Account Reconciliation Cloud Services (ARCS)

Streamline organizations to report to stakeholders in a timely and accurate manner, and provides a level of governance, visibility, and transparency into the financial close and reporting cycle that enables management to be confident in the numbers they report to stakeholders.

Automate

Improve performance efficiencies using transaction matching and other automated reconciliation functions.

Manage

Get instant visibility on the progress and status of the reconciliation lifecycle.

Best Practices

Leverage reconciliation best practices.

Key Features

Reconciliation Compliance

Best Practices

Keep track of preparer and approver assignments for each reconciliation. Use teams to distribute workflow and ensure timely preparation and efficiency

Collaboration and Workflow

Gain workflow support for the account reconciliation process including reporting, analysis, and monitoring. 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.

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.

EPM Cloud 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.

EPM Cloud User Experience

Role-Based, Intuitive User Interface

Reduce training costs and increase user productivity with a 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.