Capabilities

Reversal, Correction & Open Item Lifecycle

Automatically reversing accruals in the following period, managing corrections as new offsetting entries rather than edits to posted ones, handling reclassifications, and tracking items in clearing and suspense accounts until they are offset.

Features4
  • Automatic accrual reversal
  • Correction as new entry
  • Reclassification workflow
  • Clearing account open item tracking
Examples1
  • Northfield Foods Inc.
Vendor capability map1
Capability entities1
Capability KPIs1
Agent pattern capabilities1