info@modata.com
+27 (0)11 480 4865

Account Reconciliation

Increase efficiency and accuracy, mitigate risk and meet regulations with automated reconciliation.

Step into the future of finance with automated reconciliation

Benefits at a glance:

Drive increased operational efficiency
Optimize operational risk
Meet compliance and control mandates
Faster transaction processing
Minimize exposure to loss

Overview of Account Reconciliation

Many organizations rely on multiple systems to access the data required for monthly and quarterly accounting reconciliation and daily transactional matching. Some use a manual reconciliation process that relies on error-prone spreadsheets. Exceptions are slow to resolve and it’s nearly impossible to achieve the single version of the truth that finance and executive teams need

Our Reconciliation solution enables demonstrable operational efficiency gains over manual processing and cuts the risk of errors resulting in financial loss. It is a comprehensive, end-to-end account reconciliation and certification solution that handles all transaction types and financial instruments. The solution integrates both transaction and balance-level data and automates the entire reconciliation process from data acquisition and matching through period-end approvals and reviews.

Financial Controls You Can Believe In

We ensure transaction and data integrity and will tighten your processes so that nothing falls through the cracks. Our solutions address the needs of transaction matching and auditing, exception management, reconciliation, account certification, and performance management and reporting. These capabilities support the three pillars of any financial or operational transformation:

Gain greater operational efficiency and more

•   Avoid restatement or correction of financial reporting
•   Reduce delays in the reporting of certified accounts
•   More complete and consistent information for auditors
•   Reduce deficiency findings during internal control audits
•   Ensure supporting information is accurate and delivered on time

SOUTH AFRICA

Johannesburg Office

35 Fricker Road, Illovo, Johannesburg, 2196, South Africa.
Entrance in Harries Road.

Phone

+27 11 480 4865

Fax

+27 11 642 6011

Send us a message

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