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.
Improve performance efficiencies using transaction matching and other automated reconciliation functions.
Get instant visibility on the progress and status of the reconciliation lifecycle.
Leverage reconciliation 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.
Utilize rule-based thresholds for automated certification and risk assessments.
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.
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.
Create period-end balancing reports that satisfy accounting compliance requirements.
EPM Cloud Collaboration and Workflow
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.
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.
View Operational and Compliance dashboards for real time analysis of reconciliation processes.