Reconciliations Solutions

The Need

Reconciliation of accounts in any company usually involves a large number of people, manually reconciling the entries

• Longer time to reconcile data
• High effort/resource consumption
• High Cost & Low Quality
• Non-Standard Processes
• Dependence on Good Accounting Skills

The Strategy

• Futuresoft has vast expertise in implementing and deploying customized Reconciliation solutions for many clients.
• This has resulted in evolution of great products -  “RecoFlex” & “RecoLite”
• We can help you extend Recon beyond accounting to inventory, stocks, telecom, sales…

An automated system would provide the following benefits:

• Improved accuracy
• Greater control
• Improved efficiency
• Decreased costs
• Easy identification of entries causing account balance discrepancies
• Timely MIS reports

An automated system would provide the following benefits:

• Futuresoft has vast expertise in implementing and deploying customized Reconciliation solutions for many clients.
• This has resulted in evolution of great products -  “RecoFlex” & “RecoLite”
• We can help you extend Recon beyond accounting to inventory, stocks, telecom, sales…

RECOLITE

• Reconciliation system that automates account reconciliation process to a large extent, thereby cutting down time and dependence on manual reconciliation expertise.
• The benefits derived are:
  • Improved accuracy through process standardization
  • Greater control through Reviews, Escalations & Approvals
  • Improved efficiency - Decreased costs
  • Easy identification of entries causing account balance discrepancies
  • Reconciliation criteria can be customized during implementation
  • Flexibility of Multi-Accounts.
  • Timely Web-based MIS reports

RECOFLEX

• Reconciliation system that automates account reconciliation process to a large extent, thereby cutting down time and dependence on manual reconciliation expertise.
• Also includes a web based efficient component for Reviews, Maker-Checker  and Escalation capabilities.
• The benefits derived are:
• Improved accuracy through process standardization
• Greater control through Reviews, Escalations & Approvals
• Improved efficiency - Decreased costs
• Easy identification of entries causing account balance discrepancies
• Flexibility of Multi-Customers with Multi-Accounts.
•  Account Reconciliation allows Multiple Rules that can be parameterized by user.
• Timely Web-based MIS reports