Business Case for Transaction Matching

When you consider your total number of reconciliations, you will notice that a small number of reconciliations cause the most work. This is reason Transaction Matching features are a perfect complement to Reconciliation Compliance. They provide the tools to make those complex reconciliations simpler and then integrate the period-end results into the Reconciliation Compliance period-end process.

Scenarios for Which Transaction Matching is Beneficial

• Balance sheet-related reconciliations
  • Suspense and Clearing Accounts
  • Intercompany
  • Cash
  • Credit card receivables
  • Detailed Subledger reconciliation
• Operational, off-balance sheet, reconciliations
  • System to System reconciliations (which typically involve two third-parties whose accounts must be in sync with each other)
  • Stock or share settlements
  • Expense reimbursements