Many organizations rely on multiple systems to access the data required for monthly and quarterly accounting reconciliation. Some organizations still use a manual reconciliation process that relies on error-prone spreadsheets.
Frontier™ Reconciliation from Fiserv is a comprehensive, end-to-end account reconciliation and certification solution that handles all transaction types and financial instruments. This solution enables operational efficiency gains over manual processing of 60-80% and cuts the risk of errors resulting in financial loss in half.
- Helps to avoid restatement or correction of financial reporting
- Reduces delay in the reporting of certified accounts
- Gives complete and consistent information for auditors
- Reduces deficiency findings during internal control audits
- Ensures supporting information is accurate and delivered on time
- Integrates with Fiserv core or Prologue™ Financials general ledger