A register of every ledger account requiring reconciliation, carrying its owner, reviewer, required frequency, materiality threshold and risk classification.…
Routing entries for authorisation according to type, amount, entity and risk, enforcing that the preparer cannot approve their own entry, supporting multiple…
Granting internal and external auditors controlled, read-only access to reconciliations, entries, evidence and approval history so they can retrieve what they…
Automatically clearing and certifying accounts where the ledger balance agrees with the supporting balance within a defined materiality threshold, or where the…
Computing entry amounts from a schedule or formula held inside the system rather than in a spreadsheet, and posting repeating entries — depreciation, rent…
Retrieving the general ledger balance for each account and the corresponding independent balance from whichever source can substantiate it — bank statement for…
Real-time reporting of what proportion of accounts are certified, by entity, owner and risk class, together with aging of open items and overdue…
A standing checklist of close tasks mapped to business days, regenerating automatically each period, with tasks categorised by type and criticality and…
Real-time view of close progress against the calendar, updating automatically as reconciliations, entries and approvals complete elsewhere in the platform, and…
Maintaining a register of the organisation's internal controls: what each control does, who owns it, how it is tested, and how it maps to the regulatory…
Periodically testing that controls operate as designed, selecting samples, recording results, tracking remediation of failures, and reassessing whether each…
Converting incoming files with different formats, date conventions, currency representations, field names and identifiers into one common structure so they can…
Encoding that one task cannot begin until another completes, notifying the next owner automatically when a handoff becomes available, and computing which…
Managing the exchange between two entities' finance teams when their records disagree — routing the query, tracking ownership, recording the agreed resolution,…
Producing the entries that remove internal revenue, expense, receivables and payables from the consolidated results once both sides have been reconciled.
Creating journal entries manually, from a standardised template for a known entry type, or automatically from the output of matching and reconciliation.…
Automated checks before an entry can be submitted: debits equal credits, account codes valid and open, period open, required narrative and documentation…
Capturing evidence as work happens rather than reconstructing it later, linking it to the control and the transaction it supports, and retaining it for the…
Storing the supporting documents that justify a balance — bank statements, subledger extracts, contracts, calculation schedules — linked directly to the…
Taking everything the engine could not clear, assigning it to the right person or team, tracking it to resolution, and recording what was decided and why.…
Distinguishing differences that are legitimate consequences of exchange rate movement from those that indicate a genuine break, by computing the expected…
Comparing what one entity recorded as a receivable against what its counterpart recorded as a payable, and surfacing the differences. Complicated by the two…
Originating the intercompany transaction itself — raising the internal invoice, applying the correct tax treatment, and enforcing agreed transfer pricing and…
Recording, for every match and every exception resolution, which rule fired, on what data, at what time, and — where a human was involved — who decided what.…
Defining, in advance, the logic by which two or more records are considered to represent the same event. A rule is essentially a formula plus a tolerance — for…
Running the configured rules against the standardised data and clearing everything that satisfies one. Must support one-to-one, one-to-many, many-to-one and…
Pulling transaction-level data from every system that holds one side of the picture: the ERP general ledger, bank statement feeds, point-of-sale systems, and…
Reducing many bilateral intercompany balances into the smallest set of actual payments, and executing the resulting cash movements between entities.
Assigning every task to a named owner with a deadline, escalating automatically when deadlines pass, and recording who completed what and when.
Managing the prepare, submit, review, approve and certify lifecycle, enforcing that the preparer and the reviewer are different people, and locking the…
Standardised formats per account type, so a cash reconciliation looks the same in every entity and a prepaid amortisation reconciliation follows a consistent…
Itemising each component of an unexplained difference, categorising it as timing, error or unsupported, carrying it forward across periods until cleared, and…
Automatically reversing accruals in the following period, managing corrections as new offsetting entries rather than edits to posted ones, handling…
Attaching the calculation, contract or correspondence justifying an entry directly to that entry, and recording who prepared, reviewed, approved and posted it…
Deciding how much difference between two records is acceptable before they stop counting as a match. Absorbs rounding, minor FX movement and known fee…
Posting approved entries into the ERP automatically, and receiving confirmation back — document number, posting status, resulting balances. Typically scheduled…