Many organizations rely on multiple systems to access the data required for monthly and quarterly accounting reconciliation and daily transactional matching. Some use a manual reconciliation process that relies on error-prone spreadsheets. Exceptions are slow to resolve and it's nearly impossible to achieve the single version of the truth that finance and executive teams need.
That's why organizations worldwide use AccurateTM Reconciliation from Fiserv. It enables demonstrable operational efficiency gains over manual processing and cuts the risk of errors resulting in financial loss.
Accurate Reconciliation is a comprehensive, end-to-end account reconciliation and certification solution that handles all transaction types and financial instruments. The solution integrates both transaction and balance-level data and automates the entire reconciliation process from data acquisition and matching through period-end approvals and reviews.
Even with strict regulations for accurate and compliant financial reporting, many organizations still use manual or semi-automated processes for reconciliation and certification. Such processes can result in errors, operational inefficiency and lack of visibility into the numbers during certification.
That’s why organizations turn to FrontierTM Reconciliation from Fiserv. Automated reconciliation can have a significant effect on the bottom line while also reducing risk.
How Does Account Reconciliation Software Help You?
A comprehensive end-to-end reconciliation and certification solution, Frontier Reconciliation forms a complete account reconciliation picture across your enterprise that makes exceptions instantly visible and reduces manual interventions. Workflows fully automate labor-intensive processes and ensure compliance with corporate and regulatory controls.
But reducing errors and write-offs is only part of the picture. By minimizing the need for manual research or interventions during the reconciliation process, organizations can achieve major efficiency improvements and lower operational costs while enabling staff to perform more value-added work.
Fiserv Accurate Reconciliation is ranked 17th in Financial Close Software while Fiserv Frontier Reconciliation is ranked 14th in Financial Close Software. Fiserv Accurate Reconciliation is rated 0.0, while Fiserv Frontier Reconciliation is rated 0.0. On the other hand, Fiserv Accurate Reconciliation is most compared with ReconArt, BlackLine and FloQast, whereas Fiserv Frontier Reconciliation is most compared with BlackLine.
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