Account Reconciliation Automation (US)

AnaplanAppHub
Not applicable
Account reconciliations are a key control that help finance leaders gain confidence in the completeness and accuracy of balances. However, the account reconciliation process can be manually-intensive, consuming scare resources whose efforts could be better deployed toward more valuable activities. It can also be difficult for finance leaders to gain visibility to the full account reconciliation process to ensure standard procedures are being consistently followed throughout the organization. The PwC Account Reconciliation Automation app enables the implementation of leading practices into your organization’s account reconciliation process. The app helps drive automation of multiple process steps, creates a single global platform for retention of reconciliation support, and provides end-to-end process transparency through real-time and postmortem dashboard reporting.

Information

Business Function
FinanceFinancial Consolidation
Industry
All Industries
App Last Updated
May 3rd, 2016
Size
105 MB
Language
English
Terms & Conditions

App stats

Modules
10
Roles
5
Formulas
42
Reports
9
Complexity
Advanced

 

 

Features

Process automation
  • Automate population of data into standardized reconciliation templates
  • Certify accounts that reconcile via auto certification
  • Automate identification of reconciling items above predefined thresholds for the account and its specific risk-ranking
  • Automate matching of transactions with multi-layered matching logic to investigate and resolve reconciling items
Centralized support repository
  • Store all account reconciliation support and evidence in digital format on a single global platform
Dashboard and KPI reporting
  • Monitor progress of period-end account reconciliations with real-time status dashboards
  • Analyze period-end KPIs and trends over time to identify and correct systematic issues, monitor cycle time improvements, etc.
Audit support
  • Read-only reports for audit purposes; alleviates need for accounting staff to provide supporting evidence of account reconciliation performance for audit purposes

PwC

Imagine the power of 180,000 people with a common purpose—building relationships that create value for you and your business. This is PwC. Every day, our people work with you to build the value you are looking for. Our specialist financial and performance management teams optimize the use of Anaplan to align planning, consolidation, reporting, and analytics processes, systems, and information to provide business insights that drive better decisions and actions.

Website
http://www.pwc.com/
Address

PwC United States

New York, NY 10017

Phone: +1 (646) 471-3000

Website: http://www.pwc.com/us/en/increasing-finance-function-effectiveness.html

email: pwc.anaplan@us.pwc.com

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PwC Australia

Syndey, Australia

Phone: +61 2 8266 0000

Website: http://www.pwc.com.au/

email: ian.bennett@pwc.com

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PwC United Kingdom

London, United Kingdom

Phone: +44 (0) 20 7583 5000

Website: http://www.pwc.co.uk/

email: nigel.wilson@uk.pwc.com

Email
Country Specific (see above)