Regulatory requirements, and the risks associated with issuing incorrect financial statements, mean organizations must be able to demonstrate robust financial controls and have confidence in the accuracy of the entire balance sheet.

 

Our Solution

Frontier™ Reconciliation from Fiserv provides a powerful state-based processing engine that uses configurable rules to check large quantities of financial data for accuracy against anticipated results. The solution supports all account and transaction types, is fully multi-currency enabled, and provides financial control through automation of the account and balance sheet reconciliation process.

 

Benefits

  • Significant reduction in costs - by automating this process, employees can work on other high value items such as exception item resolution
  • Reduced risk and increased efficiency through automated processes, eliminating manual efforts that can result in costly errors and providing staff with a clear path to resolution
  • Integration with other core platforms and Prologue™ Financials or other GL
  • Increased compliance by providing a clear audit trail of actions taken throughout the reconciliation and exception management process

Terms and Conditions

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Resources

Frontier Reconciliation

Frontier™ Reconciliation from Fiserv takes an enterprise approach to reconciliation and exception management, creating an optimal environment for effective risk management, and recedented control and cost efficiency.

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Building the Business Case for Streamlining Reconciliation

Many organizations still rely on multiple systems to perform critical accounting reconciliation. This approach produces costly manual intervention to resolve exceptions and makes it nearly impossible to achieve the single version of the truth.

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Community Bank Realizes Cost and Time Savings Through Automated Reconciliation Software from Fiserv Case Study

After years of manual reconciliations, Community Bank was ready to move to an automated system. A thorough search suggested that Frontier™ Reconciliation from Fiserv would provide an excellent return on investment.

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Have a Question For Us?

For more information on Frontier Reconciliation & Exception Management and other Fiserv solutions, call us at 800-872-7882 or contact us.

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