- Enterprise-wide Scalability
- Financial Close and Reconciliation Process Automation [white paper]
- Compliance
- Global Deployment
- Automated General Ledger Reconciliation
- Risk Assessment
- Process Management
- Segregation of Duties, Escalation, and Security
- Variance Analysis
- Metrics and Analytics
- System Balancing
- Comprehensive Reporting
- Exceptional Return on Investment
Chesapeake offers three options for organizations to utilize the power of T-Recs Enterprise in their financial operations: license and install T-Recs Enterprise in house, allow Chesapeake to host the application, or outsource the function and let Chesapeake’s experts manage it. In each case, Chesapeake offers comprehensive, worry-free implementation services backed by an unparalleled customer support staff.
- Licensed T-Recs Enterprise: Organizations wishing to keep IT functions and financial management activities in house can license T-Recs Enterprise. The software is platform independent. It can operate on Windows, various versions of Unix, Linux, and Apple Mac OS and utilize Oracle and MS SQL Server database management systems.
- Hosted T-Recs Enterprise: This cost-saving option eliminates the need to install and maintain T-Recs Enterprise software on your corporate servers. Chesapeake hosts the application in our secure data center, and you upload your files and access T-Recs Enterprise locally via the Internet. Chesapeake’s advanced browser functions make data upload and system use as seamless as installation on your own server. Chesapeake applies all system enhancements and updates.
- Outsourced T-Recs Enterprise: Firms that wish to enjoy the benefits of outsourcing can do so with confidence, knowing that Chesapeake is an industry leader in financial governance. Chesapeake’s Reconciliation Outsourcing option includes:
- System Administration
- Third-Party Data Collection
- Process Management
- Initial Exception Follow-up
- Export File Creation (GL, ACH)
- Preliminary Review of Reconciliations
- Database and application server review - This review ensures both servers are running the proper maintenance plan, contain ample space, and possess sufficient memory to run all T-Recs Enterprise processing. The review culminates in a document detailing the results, including recommendations to increase processing efficiency.
- Process review - This review evaluates how the customer currently uses the system to identify the optimal mix of time and processing data.
- Technical review - The technical review analyzes match rules, exception processing, reporting, and other functions within T-Recs Enterprise. The effort culminates in a detailed plan of potential changes that could yield more accuracy and greater time savings.
- Training - Training focuses on new releases or functionality the customer is not currently running in T-Recs Enterprise (on-site sessions or general Webinars).