The implementation of internal financial controls is critical to streamlining processes and ensuring the accuracy of transaction-level and aggregate-level financial data across the enterprise.
AccurateTM Account Certification from Fiserv delivers the control, compliance and competitive advantage that your organization requires. Designed to seamlessly integrate with Accurate Reconciliation or accept reconciliation data from existing, in-house solutions, Account Certification enables your organization to automate critical financial processes and controls, simplifying the adoption of a sound financial governance strategy and completing the transaction matching, exception management and reconciliation life cycle.
- Assignment of ownership of reconciliation and certification activities: Facilitates automated review, task completion and digital sign-off from the business unit all the way up to the certifying officer
- Better control of your financial close schedule: Monitors key completion dates defined for the financial close process, proactively sends notices to responsible parties, ultimately ensuring all accounts are completed and certified before the books are closed
- Mitigation of operational risk by focusing staff on higher risk accounts: Allows you to define low risk accounts eligible for unattended "Automatic Certification" when certain balance and activity requirements are detected
- Reducing the cost of compliance: Provides direct auditor access to certification data and associated processes, the ultimate sign that your controls are tight, processes are effective, and full transparency is encouraged as a matter of internal and external policy