Regulatory requirements and the risks of issuing incorrect financial statements mean organizations must have confidence in the accuracy of the balance sheet. Frontier Reconciliation from Fiserv equips organizations with the right exception management software and financial reconciliation capabilities to meet these challenges.

 

Overview

What is Exception Management Software?

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. It forms a complete account reconciliation picture across the enterprise that makes exceptions instantly visible and reduces manual interventions.

 

Features

Users can expect the following benefits from our exception management software:

  • Significant increase in productivity by automating reconciliation; operational efficiency can increase by 60 to 80 percent, enabling employees to focus on high-value tasks such as exception resolution
  • Reduced risk through automated financial reconciliation processes, cutting in half the risk of errors resulting in financial loss and providing staff with a clear path to resolution
  • Increased compliance by providing a clear audit trail of actions taken throughout the reconciliation and exception management process, reducing write-offs by 75 percent

Terms and Conditions

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Resources

Resource

Frontier Reconciliation: Reconciliation and Exception Management in a SaaS Environment

With Frontierâ„¢ Reconciliation from Fiserv, forward-looking organizations can maximize operational efficiency and strengthen financial controls in a SaaS environment.

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Resource

Frontier Reconciliation

Frontierâ„¢ Reconciliation from Fiserv takes an enterprise approach to reconciliation and exception management, creating an optimal environment for effective risk management, and unprecedented control and cost efficiency.

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Resource

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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Resource

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

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

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