Automate Your Order-to-Cash Reconciliations with Trintech’s Financial GRC Software
Trintech’s ReconNET reconciliation software streamlines the Order-to-Cash process with a next-generation matching engine capable of automating more than 90% of your financial transactions, so your team can focus its efforts on exception management rather than repetitive and error-prone manual matching.
ReconNET is a multi-process platform capable of automating even the most highly sophisticated Order-to-Cash and Procure-to-Pay processes. Its flexible and non-invasive application architecture extends existing ERP or CPM systems with unparalleled matching algorithms, including:
- 1:1
- 1:1 w/ Variance
- 1:1 w/ Split (a new item is created from any non-matched remainder amount)
- 1:1 w/ Delayed Date
- 1:1 w/ Delayed Date & Variance
- 1:1 w/ Serial Number Zero
- 1 to Many
- 1 to Many w/ Variance
- 1 to Many w/ Split (a new item is created from any non-matched remainder amount)
- All:All
- All:All w/ Variance
- Self-Reconciling
Advanced workflow, research and notification features allow your accounts receivable team to define how exceptions are handled, with the ability to segregate duties and effort appropriately throughout your business to speed rapid resolution. You decide how write-offs and adjustments are handled according to your unique business needs.
Reconcile Credit Memos to Invoices or Debit Memos
Credit memos are not always matched to invoices directly on creation – sometimes you need to take the credit prior to the invoice … and often the relationship between your billing and ERP systems won’t allow this type of advanced automation. The credit memo will often reference the invoice or debit memo within the text of the document rather than a particular field.
- Our account reconciliation software helps by enabling automatic reconciliation to multiple reference criteria
Reconcile Customer Statements
You’ll often send a statement listing invoices and credit unpaid according to your accounting system at some point in time.
- Our operational account reconciliation software allows you to reconcile this list against the customer account(s) in your ERP system, agree the balances and resolve any differences
Payment Reconciliation
It can be difficult within an ERP system to automatically match details from a remittance advice or bank statement to individual invoices against a customer account in your ERP system, especially if you need to automatically close the transaction.
- Our high-volume reconciliation software enables the generation of an exception list (a list of unmatched items) for your review
- Configurable rules and workflow automate the process and streamline your daily efforts
Learn More How Trintech Solutions Streamline F&A Outsourcing:
- Learn more about how our solutions streamline the Order-to-Cash Process
- Learn more about how our solutions streamline the Procure-to-Pay Process
- Learn more about how our solutions streamline the Record-to-Report Process
