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.
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 Frontier Reconciliation is ranked 14th in Financial Close Software while Prophix is ranked 11th in Financial Close Software. Fiserv Frontier Reconciliation is rated 0.0, while Prophix is rated 0.0. On the other hand, Fiserv Frontier Reconciliation is most compared with BlackLine and Fiserv Accurate Reconciliation, whereas Prophix is most compared with Planful, Adaptive Insights, Solver BI360, Vena and OneStream XF.
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