Account Reconciliations
Eliminate manual and/or standalone reconciliation applications with OneStreamXF MarketPlace Account Reconciliations. Reconcile what you report and drill to transactional data to streamline reconciliations for all GL trial balances.
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Financial Consolidation, Reporting, and Account Reconciliations live in a single system for a unified approach to delivery
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Base financial information is collected and handled one time
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Enable review and approvals from the highest level down to transactional details
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Drill from Balance Sheet directly to Account Reconciliations
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Enable automated alerts to changes to reconciled account balances
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Automate reconciliations via subledger balance checks with defined thresholds, reducing manual tasks, errors
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Deliver holistic view of financial statements including a risk adjusted balance sheet
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View status of all high-risk reconciliations on financial reports
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Understand the quality score of financial reports
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Monitor financial risk on customer and supplier sides, aging invoices
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Achieve true risk management, increasing confidence in financial results
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Detailed audit trail of reconciliations with timestamp tracking of who completed and approved reconciliations
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Perform account reconciliations as soon as trial balances are submitted; no longer dependent on corporate close to start account reconciliations
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Financial Reports and Account Reconciliations are always in sync
