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.
The SAP Business Planning and Consolidation (SAP BPC) application delivers planning, budgeting, forecasting, and financial consolidation capabilities, so you can easily adjust plans and forecasts, speed up budget and closing cycles, and ensure compliance with financial reporting standards.
Fiserv Frontier Reconciliation is ranked 14th in Financial Close Software while SAP Business Planning and Consolidation is ranked 8th in Financial Close Software. Fiserv Frontier Reconciliation is rated 0.0, while SAP Business Planning and Consolidation is rated 0.0. On the other hand, Fiserv Frontier Reconciliation is most compared with BlackLine and Fiserv Accurate Reconciliation, whereas SAP Business Planning and Consolidation is most compared with Oracle Enterprise Performance Management Cloud, Oracle Planning and Budgeting Cloud, Adaptive Insights, IBM Cognos Controller and Workiva Wdesk.
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