Automated General Ledger Reconciliation
T-Recs® Enterprise is a comprehensive, rule-driven solution that can reconcile every account in the general ledger and accommodate various reconciliation methods. The solution’s flexibility derives from its ability to integrate customer-defined data characteristics, business processes and data display requirements. T-Recs Enterprise accommodates your business procedures and preferences; it does not impose its processes on your way of doing business.
T-Recs Enterprise supports the goal of preparing accurate financial statements by strictly adhering to prescribed accounting principles and enforcing consistent procedures at every level of the organization. The solution monitors adherence to these rules and validates the accuracy of account data on a continuous basis. The user’s policy and procedure documentation can be integrated into the system for reference and/or automatic display at appropriate processing points. Further, T-Recs Enterprise creates documentation demonstrating successful completion of a series of financial tests, while its audit trails support adherence to internal control initiatives.
T-Recs Enterprise transforms the labor-intensive process of general ledger reconciliation into a quick, consistent, and efficient activity. Management benefits from the ability to know immediately the status of reconciliation completion, identify where slowdowns are occurring at the individual employee level, and electronically review and approve reconciliations, eliminating unnecessary paper usage and file storage issues. In addition, cross-training is achievable, as process requirements are maintained and enforced within the system.