About Transaction Matching

Transaction Matching is a perfect complement to the Reconciliation Compliance feature set. With Transaction Matching, companies can automate preparation of high volume, labor intensive reconciliations and seamlessly integrate those results into the tracking features within Reconciliation Compliance.

This powerful new module will save companies additional time on performance of reconciliations, while improving quality and reducing risk.

Transaction Matching functionality is provided to licensed users of Transaction Matching for Account Reconciliation Cloud, an optional licensed feature for Account Reconciliation Cloud.

At a high level, an Administrator performs these set up tasks:

• Create match types
• Define data sources
• Define the matching rules
• Create formats
• Create profiles

User Workflow Process Using Transaction Matching

Once the administrator creates the reconciliations, the user process involves these tasks:

• Load data
• Run the auto match process
• Confirm suggested matches
• Create manual matches
• Run balancing reports