Audience
Audit solution for companies
About RecWise
A reconciliation should begin with comparing the General Ledger closing balance to the sub-ledger or other relevant sources (such as bank statements or other third-party documents). Differences between the two need to be investigated, quantified, and where possible, resolved by posting correcting journals to the general ledger or sub-ledger as required. Anomalies should be recorded as reconciling items to provide visibility. The balances should match and be fully supported with all documentation attached to the reconciliation. The review process ensures the reconciliation is complete, and you can also add a layer to approve the reconciliation being complete. A framework and a standardised process go a long way to improve the reconciliation process each month-end.
Integrations
No integrations listed.
Company Information
RecWise
Founded: 2017
Australia
www.recwise.com
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ReconArt
ReconArt is an enterprise-class fully web-based platform designed for end-to-end automation and integrated management of all data reconciliation processes. Our reconciliation software solution leverages best practices and technology in line with the digital transformation trends in finance & accounting.
ReconArt’s integrated functionality supports all aspects of the reconciliation lifecycle : from administrative management and data integration, to robust transactional matching & exception management technology, to comprehensive, fully auditable balance sheet reconciliation, and other supporting functionality such as journal approvals and variance analysis.
Through all this user-owned functionality, ReconArt supports any type of reconciliation, including but not limited to bank accounts, credit card, payments, GL/suspense, AR/AP, ledger to sub-ledger, intercompany, trades and positions, balance sheet.
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GreenLine
Integration with accounting software. Specialized GL import functionality that back-verifies your ERP accounts. Optimized GL reconciliation processing (saves processing time). Auto-certifies static accounts. Replaces boxes of supporting documents with structured electronic storage. Time-saving in-recon productivity tools. Comprehensive reporting. Financial close process timeline. Enhanced control of month-end close financial processes. Pool-based task allocation. Individual ownership and tracking of entries within the pool. Detailed activities breakdown by individual team members. Detailed historical audit history. Auditors no longer have to rummage through boxes of supporting documents. One-click access to any account for review. Rejection of any account sends recon back to the original preparer. Enhanced oversight of the entire reconciliation process. Report of internal or external auditors' work, ensures audit oversight processes are followed.
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PlumERP
Plumware Cloud Development Platform is a cloud-based solution that enables the developers to work remotely and access applications without a formal on-premise infrastructure. With this, business users can eliminate costs that would have incurred when using the traditional on-premise systems as well as enhance productivity be avoiding time delays. PlumERP financials software accelerates your financial close, provides strong expense management, offers streamlined and auditable revenue management and ensures complete real-time visibility into the financial performance of the entire business. It deals with all critical functions including general ledger; accounts payable and accounts receivable; comprehensive budgeting, asset accounting, cash management capabilities; and other dedicated tools. This visually configurable framework gives developers and business users the ability to develop applications interactively in an agile approach.
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Numeric
With Numeric, leading teams organize their close, streamline reconciliations, and leverage AI for auto-drafted flux analysis and lightning-fast reporting. Centralize and streamline the month-end close with recurring workflows and collaboration tools. Numeric is built to enable you to move as fast as possible. Streamline the month-end close with recurring workflows and automation built for speed and control. Track and manage your whole close from one place, including journal entries, reconciliations, flux analysis, review notes, tasks, and subtasks. Set tasks to recur at any frequency, monthly, quarterly, annually, or on a custom cadence, so you always have the right checklist at the right time. View and resolve comments, get updates, perform reviews, and more from one dedicated place. Use rich-text procedures, pinned links, and more to document the details, so all the information is in one place.
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Product Details
Platforms Supported
SaaS
Windows
Training
Documentation
Support
Phone Support
Online
RecWise Product Features
Audit
Compliance Management
Dashboard
Exceptions Management
Risk Assessment
Workflow Management
Alerts / Notifications
Audit Planning
Forms Management
Issue Management
Mobile Access
Multi-Year Planning