This point of view paper from Fiserv explains how a comprehensive reconciliation solution works to provide an accurate and transparent financial close.
Regulatory agencies have renewed their emphasis on stringent reconciliation controls, creating a climate in which it’s neither acceptable nor smart to sign off on financial data without understanding exactly where it came from. Yet CFOs, CEOs, COOs and others still do it every quarter. To protect your organization, ensure that your reconciliation system provides detailed visibility into your financial data at the transaction level.
Choose an automated reconciliation solution that:
- Makes exceptions instantly visible
- Reduces manual interventions
- Offers transaction-level matching
- Provides an audit trail