University of Western Australia
Expansion Innovator
The University of Western Australia implemented PeopleSoft Cash Management replacing a manual bank reconciliation process
Summary
The University of Western Australia, in conjunction with their partner Deloitte, implemented PeopleSoft Cash Management replacing a manual bank reconciliation process.
Customer comments
The University of Western Australia is a public research university in the Australian state of Western Australia.
At the University of Western Australia, bank reconciliation was a manual, cumbersome and error prone process.
PeopleSoft Cash Management was implemented, and the daily bank statement file loaded into the PeopleSoft system from the bank. This has allowed automated reconciliation against AP, AR, and GL streamlining the University of Western Australia’s reconciliation processes.
Bank reconciliation includes:
- Bank statement processing.
- Bank statement reconciliation.
- Book to bank reconciliation.
