Challenge
Reconciling transactions is one of the most time-consuming and manual parts of the financial close. With Cadency Reconciliation Match (Match), your office of finance can quickly perform high-volume transaction matching and rapidly enhance the accuracy and regulatory compliance of all resulting financial statements.
Capabilities
- Automatically reconcile large volumes of transactions
- Eliminate losses due to errors or unnecessary chargebacks that would be due to a lack of visibility
- Enhance visibility into cash over and short accounts by immediately identifying cash shortages by entity
How It Works
Once data from ERPs and other sources is added, the solution works to standardize and enrich even messy data as it loads; this process immediately results in strong auto-matching rates. Then, exceptions are automatically created for unmatched items, and quickly taken through a well-defined, configurable and risk-intelligent process for resolution.
