Many organizations rely on multiple systems to access the data required for monthly and quarterly accounting reconciliation and daily transactional matching. Some use a manual reconciliation process that relies on error-prone spreadsheets. Exceptions are slow to resolve and it's nearly impossible to achieve the single version of the truth that finance and executive teams need.
That's why organizations worldwide use Accurate™ Reconciliation from Fiserv. It enables demonstrable operational efficiency gains over manual processing and cuts the risk of errors resulting in financial loss.
Accurate Reconciliation is a comprehensive, end-to-end account reconciliation and certification solution that handles all transaction types and financial instruments. The solution integrates both transaction and balance-level data and automates the entire reconciliation process from data acquisition and matching through period-end approvals and reviews.
Fully automates the reconciliation life cycle
Improves efficiency and frees up resources for more value-added tasks. The solution significantly reduces the time to close daily and period-end reconciliation activities
Integrates balance and transaction-level data
Forms a complete account reconciliation picture that makes exceptions instantly visible, eliminates manual interventions and provides rapid, cost-effective resolutions
Standardizes reconciliation processes
Offers transparency and visibility across all asset types and scenarios, increasing confidence in the status of reconciliations through use of a common language
Enforces enterprise governance and control
Can expand within an organization regardless of assets to enforce financial controls and enable enhanced audit and compliance procedures
Our track record of ongoing accreditation over many years demonstrates our commitment to meeting the stringent criteria in support of the SWIFT 2021 Standards Release messaging standards, services and connectivity requirements.
This re-accreditation is a reflection of continued Fiserv investment in the Accurate Reconciliation solution to meet the SWIFT FIN message reconciliation needs of SWIFT members today, and to support their adoption of the ISO 20022 SWIFT MX format messages. We are proud to continue to work with partners such as SWIFT to provide our clients with a robust, highly configurable reconciliation solution to reduce operational and financial risk, increase transparency and improve the accuracy of financial reporting in the financial close.
– Kate Anderson, Director, Financial Control Solutions, Fiserv
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