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.
Prophix Software is a leading developer of solutions designed to automate financial processes including budgeting, planning, reporting, analysis, and performance management for the mid-market. Thousands of finance leaders around the world use Prophix to empower their organization and gain greater insight into business performance. Prophix and its partners deliver the best value by combining high end functionality, low total cost of ownership, and the fastest implementations in its class.
Fiserv Accurate Reconciliation is ranked 17th in Financial Close Software while Prophix is ranked 10th in Financial Close Software. Fiserv Accurate Reconciliation is rated 0.0, while Prophix is rated 0.0. On the other hand, Fiserv Accurate Reconciliation is most compared with Fiserv Frontier Reconciliation, ReconArt, BlackLine and FloQast, whereas Prophix is most compared with Planful, Adaptive Insights, Solver BI360, IBM Cognos and OneStream XF.
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