Account Reconciliation

Easily reconcile bank, cash, credit card, ACH, gift card, lockbox, payroll accounts, and more – improving productivity while reducing costs associated with time-consuming and error-prone manual processes

On a daily basis, financial transaction matching must not only be completed but also analyzed for any discrepancies to prevent financial losses for your company. Even if you’re not processing millions of transactions, but especially if you are, this is a process that should be automated for many reasons – particularly because it creates the foundation for the rest of your Close process.

Spreadsheets are simply not capable of reliably controlling the complexities of this process without costly errors. We can help you match and even identify unmatched transactions of all types automatically, rapidly, and accurately.

Trintech’s financial transaction matching solution automates daily, monthly, and periodic reconciliation and account balancing processes, even for high-volume transaction accounts, using automation to electronically match transaction data and reconcile accounts.

Streamlined Matching Process

Now you can automate daily, monthly, and periodic matching, especially high-volume transaction accounts (e.g., credit card reconciliation), which is advantageous for those who need to quickly match transaction data and automatically reconcile accounts.

Flexible Business Rules

You can define highly flexible business rules for each transaction type to control how items reconcile and even what happens when they don’t. To support your unique business environment, automated rules can be customized at nearly any level to identify exceptions for certain locations, accounts, operators and more. These rules automatically enforce your documented financial processes for continuous compliance with Sarbanes-Oxley, BASEL II and more.

Automatic Exception Processing

Our solution allows you to automate processes for the resolution of unmatched reconciliation items such as variances, missing deposits, bank deposit corrections, miscellaneous transaction codes and more. The built-in filters can tag items, create workflow alerts, generate journal entries, send emails, and assign escalations to expedite the research and resolution of exception items.

Manual Exception Processing

In the event that a true exception occurs, the system will create an alert to allow you to process it manually; it also provides a variety of tools to help you research and resolve the exception, as well as tag items, create follow-up workflow alerts, generate journal entries, send emails, and assign escalations to keep things moving forward.

Let us help you find a solution to your financial transaction matching challenges and more.

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Related Resource

Credit Card Reconciliation

eBook: 5 Steps for Improving Your Credit Card Reconciliation Process

Businesses can rely upon spreadsheets so heavily that they lose sight of the original purpose of the spreadsheet and make decisions based on erroneous data. Take a look at what has commonly been identified as the top five, often interconnected problems associated with an over-reliance on spreadsheets by the office of finance.

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Related Case Study

Case Study

Panera Bread Company

Panera uses Trintech’s reconciliation solutions for its reconciliation processes to increase visibility and control depository accounts, credit cards and general ledger accounts – all in Excel. Due to the company’s rapid growth, Panera Bread Company had done everything they possibly could in-house and needed to implement an automated solution to keep up with the pace. There were several key requirements for this reconciliation solution including the ability to seamlessly integrate…

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