Trintech’s T-Recs automates daily, monthly, and periodic reconciliation and account balances to help you increase efficiencies, tighten controls, reduce risk, leverage cash, and make more informed decisions.
The solution is used by more than 500 organizations worldwide in virtually every industry including apparel, automotive, banking, financial services, retail, education, healthcare, insurance, e-commerce, pharmacy, telecommunications, utilities, transportation, grocery, and business services.
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T-Recs transforms the reconciliation process, delivering the advanced functionality and processing power required to automate General Ledger (GL) account reconciliations. Whether doing traditional reconciliations or performing advanced functions, such as identifying business risks, measuring ongoing performance or assessing the effectiveness of internal controls over the entire GL, T-Recs reduces reconciliation hours and eliminates the errors and risk of manual operations.
The executive dashboards in T-Recs will help you improve and accelerate data-driven business decisions with real-time information for executive review using key parameters such as risk ratings, reconciliation statuses, exception items, and task statuses.
T-Recs allows users to perform reconciliations and capture all related information quickly and accurately for a fully automated, workflow-enabled reconciliation verification and transaction management process.
T-Rec’s exception management capabilities promote a proactive reconciliation process that reduces risk by enabling automatic notification and escalations, reporting on variances at the individual account and financial statement classification levels, and configuring routing and escalation of identified anomalies including mobile devices.